Bank-ready project report accepted by SBI Jharkhand Circle, UCO Bank, Bank of India, and all MUDRA/PMEGP banks in Jharkhand. Covers Ranchi, Dhanbad, Jamshedpur, Bokaro, Hazaribagh, Giridih, and all 24 districts.
झारखंड में बैंक लोन के लिए प्रोजेक्ट रिपोर्ट — 60 सेकंड में तैयार
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Jharkhand is a mineral-rich state with rapidly growing MSME sector — from tribal handicrafts and forest produce to steel ancillaries and IT services. The Jharkhand MSME Development Policy 2015 (revised 2021) provides capital investment subsidy, interest subsidy, and power tariff rebates for new MSMEs. Jharkhand is one of India's top states for mineral-based industries (iron ore, coal, mica), tribal handicrafts (Dokra metal craft, Paitkar paintings, bamboo craft), and agro-processing. UCO Bank and Bank of India are the most active MSME lenders in Jharkhand. The Jharkhand Renewable Energy Development Agency (JREDA) supports solar and renewable energy MSMEs with capital subsidy. Ranchi DIC is the primary PMEGP processing center.
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Project Report
Consumer electronics repair, servicing & spare-parts retail
Vaishali Nagar, Jaipur, Rajasthan
Submitted to the Branch Manager · Punjab National Bank, Vaishali Nagar, Jaipur
The unit has been in operation since 2019 and currently services 20–25 jobs a day from a 350 sq.ft. ground-floor shop, with a recorded customer base of 600+ households in the Vaishali Nagar catchment. The promoter proposes to expand the workbench capacity, add board-level diagnostic equipment and carry a spare-parts inventory so that 70% of repairs can be completed same-day instead of the present 3-day turnaround.
The project is assessed at a cost of ₹10.00 lakh, financed by a ₹8.00 lakh MUDRA Tarun term loan and ₹2.00 lakh of promoter's own contribution (20%). At the projected turnover the unit services its debt 5.87 times over on average, against the 1.25 minimum, and breaks even at 62% of Year-1 sales — leaving substantial cushion against a demand shortfall.
Recommendation: the proposal is technically feasible, commercially viable and financially sound. It is recommended for sanction of a term loan of ₹8.00 lakh repayable in 60 monthly instalments.
| Particulars | Basis | Amount (₹) |
|---|---|---|
| Renovation & civil work | 200 sq.ft. additional area, electrical, ESD flooring | 1,20,000 |
| Diagnostic & repair equipment | As per quotations — Annexure IX | 2,40,000 |
| Computers, software & service tools | 2 systems, billing software, tool kits | 80,000 |
| Furniture, air-conditioning & display fixtures | Counter, racks, 1.5 T AC | 60,000 |
| Margin money for working capital | Stock, receivables & operating cash | 5,00,000 |
| Total project cost | 10,00,000 |
A 5% contingency is built into the civil and equipment estimates. All capital items are supported by three quotations each.
| Source | Amount (₹) | % of project cost |
|---|---|---|
| Promoter's own contribution | 2,00,000 | 20.00% |
| Term loan under MUDRA Tarun | 8,00,000 | 80.00% |
| Subsidy / margin money grant | Nil | — |
| Total | 10,00,000 | 100.00% |
Promoter's contribution is held in Savings A/c No. XXXXXX4417 with Punjab National Bank, Vaishali Nagar (statement enclosed). Debt–equity at inception is 4.00 : 1, improving to 1.65 : 1 by the end of Year 1.
For PMEGP, PMFME, NABARD and state-subsidy proposals this section additionally carries the margin-money subsidy workings, the subsidy-adjusted repayment and a second DSCR computed net of subsidy.
| Equipment | Qty | Rate (₹) | Amount (₹) |
|---|---|---|---|
| BGA rework station with preheater | 1 | 95,000 | 95,000 |
| Digital storage oscilloscope with probes | 1 | 45,000 | 45,000 |
| Universal IC programmer | 1 | 35,000 | 35,000 |
| Ultrasonic PCB cleaning unit | 1 | 22,000 | 22,000 |
| Soldering / desoldering stations | 3 | 8,000 | 24,000 |
| Precision tool kits & ESD workbench | 2 | 9,500 | 19,000 |
| Total | 2,40,000 |
Suppliers: Fine Tools India (Jaipur), Sagar Electronics (Delhi), Techno Instruments (Jaipur). Quotations enclosed at Annexure IX. Delivery within 30 days of sanction; installation by the supplier at no extra cost.
| Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Service & repair income | 24.00 | 28.32 | 32.57 | 36.80 | 41.22 |
| Sale of spares & accessories | 9.60 | 11.33 | 13.03 | 14.73 | 16.49 |
| Total revenue | 33.60 | 39.65 | 45.60 | 51.53 | 57.71 |
| Cost of spares & materials (45%) | 15.12 | 17.84 | 20.52 | 23.19 | 25.97 |
| Gross profit | 18.48 | 21.81 | 25.08 | 28.34 | 31.74 |
| Salaries & wages | 6.72 | 7.26 | 7.84 | 8.47 | 9.14 |
| Rent | 1.44 | 1.51 | 1.59 | 1.67 | 1.75 |
| Power & fuel | 0.72 | 0.78 | 0.83 | 0.89 | 0.95 |
| Repairs & maintenance | 0.30 | 0.33 | 0.36 | 0.39 | 0.42 |
| Marketing & business promotion | 0.36 | 0.40 | 0.44 | 0.48 | 0.52 |
| Administrative & miscellaneous | 0.60 | 0.66 | 0.72 | 0.78 | 0.84 |
| Insurance | 0.12 | 0.13 | 0.14 | 0.15 | 0.16 |
| Total operating expenses | 10.26 | 11.07 | 11.92 | 12.83 | 13.78 |
| EBITDA | 8.22 | 10.74 | 13.16 | 15.51 | 17.96 |
| Depreciation (WDV, as per IT Act) | 0.86 | 0.66 | 0.52 | 0.42 | 0.35 |
| EBIT | 7.36 | 10.08 | 12.64 | 15.09 | 17.61 |
| Interest on term loan | 0.78 | 0.64 | 0.48 | 0.31 | 0.11 |
| Profit before tax | 6.58 | 9.44 | 12.16 | 14.78 | 17.50 |
| Income tax (as applicable) | 0.30 | 0.62 | 0.95 | 1.35 | 1.80 |
| Profit after tax | 6.28 | 8.82 | 11.21 | 13.43 | 15.70 |
Revenue grows 18%, 15%, 13% and 12% over the five years, against 22% achieved by the unit in the last audited year. Capacity utilisation moves from 72% to 91%; the projections do not assume any increase in service rates.
| Year | Opening balance | Principal repaid | Interest | Total outgo | Closing balance |
|---|---|---|---|---|---|
| 1 | 8,00,000 | 1,28,404 | 77,937 | 2,06,341 | 6,71,596 |
| 2 | 6,71,596 | 1,42,555 | 63,787 | 2,06,341 | 5,29,041 |
| 3 | 5,29,041 | 1,58,265 | 48,077 | 2,06,341 | 3,70,776 |
| 4 | 3,70,776 | 1,75,706 | 30,635 | 2,06,341 | 1,95,070 |
| 5 | 1,95,070 | 1,95,070 | 11,272 | 2,06,341 | Nil |
| Total | 8,00,000 | 2,31,707 | 10,31,705 |
| Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Profit after tax | 6.28 | 8.82 | 11.21 | 13.43 | 15.70 |
| Add: depreciation | 0.86 | 0.66 | 0.52 | 0.42 | 0.35 |
| Add: interest on term loan | 0.78 | 0.64 | 0.48 | 0.31 | 0.11 |
| Cash available for debt service (A) | 7.92 | 10.12 | 12.21 | 14.16 | 16.16 |
| Principal repayment | 1.28 | 1.43 | 1.58 | 1.76 | 1.95 |
| Interest | 0.78 | 0.64 | 0.48 | 0.31 | 0.11 |
| Total debt service (B) | 2.06 | 2.07 | 2.06 | 2.07 | 2.06 |
| DSCR (A ÷ B) | 3.84 | 4.89 | 5.93 | 6.84 | 7.84 |
Average DSCR over the tenure: 5.87. The minimum acceptable to banks is 1.25; the unit crosses that threshold even if Year-1 revenue falls 60% short of projection.
| Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| LIABILITIES | |||||
| Capital account (net of drawings) | 4.08 | 7.50 | 12.11 | 17.74 | 24.44 |
| Term loan — long-term portion | 5.29 | 3.71 | 1.95 | — | — |
| Term loan — current maturity | 1.43 | 1.58 | 1.76 | 1.95 | — |
| Sundry creditors (30 days) | 1.26 | 1.49 | 1.71 | 1.93 | 2.16 |
| Other current liabilities & provisions | 0.30 | 0.35 | 0.40 | 0.45 | 0.50 |
| Total | 12.36 | 14.63 | 17.93 | 22.07 | 27.10 |
| ASSETS | |||||
| Net fixed assets | 4.14 | 3.48 | 2.96 | 2.54 | 2.19 |
| Stock of spares (45 days) | 1.86 | 2.20 | 2.53 | 2.86 | 3.20 |
| Sundry debtors (10 days) | 0.92 | 1.09 | 1.25 | 1.41 | 1.58 |
| Cash & bank balance | 5.44 | 7.86 | 11.19 | 15.26 | 20.13 |
| Total | 12.36 | 14.63 | 17.93 | 22.07 | 27.10 |
| Sources | Amount | Applications | Amount |
|---|---|---|---|
| Profit after tax | 6.28 | Capital expenditure | 5.00 |
| Depreciation | 0.86 | Increase in stock | 1.86 |
| Increase in creditors & provisions | 1.56 | Increase in debtors | 0.92 |
| Term loan drawn | 8.00 | Repayment of term loan | 1.28 |
| Promoter's capital introduced | 2.00 | Drawings | 4.20 |
| Closing cash & bank | 5.44 | ||
| Total | 18.70 | Total | 18.70 |
Working capital is assessed under the Tandon Committee Method II, the basis used by banks for limits up to ₹5 crore. The workings below are drawn from the Year-1 projections above.
| Particulars | Amount |
|---|---|
| Stock of spares | 1.86 |
| Sundry debtors | 0.92 |
| Cash & bank balance | 5.44 |
| Total current assets (TCA) | 8.22 |
| Sundry creditors | 1.26 |
| Other current liabilities & provisions | 0.30 |
| Current maturity of term loan | 1.43 |
| Other current liabilities (OCL) | 2.99 |
| Working capital gap (TCA − OCL) | 5.23 |
| 25% of TCA — stipulated margin | 2.06 |
| Maximum permissible bank finance (Method II) | 3.18 |
No cash-credit limit is sought in this proposal; the assessment is presented because bank officers ask for it. Were the limit of ₹3.18 lakh availed, the current ratio would stand at 1.33 — above the 1.25 stipulated by IBA.
CMA statements included in the full report
| Ratio | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Bank norm |
|---|---|---|---|---|---|---|
| Current ratio | 2.75 | 3.26 | 3.87 | 4.51 | 9.36 | ≥ 1.25 |
| Debt–equity ratio | 1.65 | 0.71 | 0.31 | 0.11 | Nil | ≤ 3.00 |
| DSCR | 3.84 | 4.89 | 5.93 | 6.84 | 7.84 | ≥ 1.25 |
| Net profit margin | 18.7% | 22.2% | 24.6% | 26.1% | 27.2% | — |
| Interest coverage | 9.4 | 15.8 | 26.3 | 48.7 | 160.1 | ≥ 2.00 |
| Particulars | Amount |
|---|---|
| Fixed costs (salaries, rent, admin, depreciation, interest) | 10.88 |
| Variable costs (materials, power, maintenance) | 16.14 |
| Contribution (revenue − variable costs) | 17.46 |
| P/V ratio | 51.96% |
| Break-even sales | 20.94 |
| Break-even as % of Year-1 revenue | 62.3% |
| Cash break-even as % of Year-1 revenue | 57.4% |
Strengths
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Jharkhand mineral sector models: stone crushing, mica processing, iron ore ancillaries — sector-specific cost benchmarks
Tribal handicraft models: Dokra metal art, Paitkar paintings, bamboo craft — artisan credit card + PMEGP formats
UCO Bank format (most active Jharkhand MSME lender) pre-configured — higher approval rate
Jharkhand MSME Policy capital investment subsidy (25%) correctly added to means of finance
Tribal/PVTG PMEGP 50% subsidy variant — correctly modelled for eligible applicants
Steel and auto ancillary sector models for Jamshedpur/Bokaro clusters — Tata Steel ecosystem suppliers
Jharkhand-specific MSME schemes: (1) Jharkhand Industrial Area Development Authority (JIADA) — subsidized industrial plots in Adityapur, Bokardag, Gamharia; (2) Jharkhand MSME Policy 2021 — 25% capital investment subsidy (max ₹10L), 5% interest subsidy for 5 years, 100% electricity duty exemption; (3) Mukhyamantri Rojgar Srijan Yojana — SC/ST micro enterprise loans at subsidized rate through Jharkhand government; (4) JREDA solar MSME support — for solar energy-related businesses.
Jharkhand's top MSME lenders: UCO Bank (very active in Ranchi, Dhanbad, Bokaro — East India focus), Bank of India (state lead bank for Bihar/Jharkhand corridor), SBI Jharkhand Circle, Jharkhand Rajya Gramin Bank (rural MUDRA), Central Bank of India, and Bank of Baroda. For Jamshedpur industrial area, HDFC Bank and Axis Bank are also active for MSMEs supplying to Tata Steel and TELCO.
Top MSME sectors in Jharkhand: (1) Steel and metal — stone crushing, iron ore processing, steel furniture, auto parts (Jamshedpur/Bokaro cluster); (2) Mineral-based — mica products, coal by-products, quartz processing (Giridih, Koderma); (3) Agro-processing — lac products (Jharkhand is India's largest lac producer), mahua, rice mills; (4) Tribal handicrafts — Dokra metalwork (Dumka), bamboo craft, Sohrai and Khovar paintings; (5) IT/BPO services — Ranchi IT Park; (6) Tourism — eco-tourism, tribal heritage, Betla National Park.
Apply online at kviconline.gov.in — select Jharkhand. Ranchi DIC handles most PMEGP cases; district DICs also active in Dhanbad, Jamshedpur, Bokaro, Hazaribagh. After online submission, DIC Ranchi calls for interview and verification. UCO Bank, SBI, and Bank of India process most Jharkhand PMEGP bank applications. For tribal PVTG applicants, KVIC Ranchi processes special 50% subsidy category. Expected timeline: 60–90 days for full processing.
Yes. Jharkhand tribal artisans have special access: (1) PM Vishwakarma scheme — 5% concessional loan for traditional craftsmen; (2) PMEGP with 35% subsidy (SC/ST/women/minorities category) or 50% (PVTG category); (3) Artisan Credit Card (₹2L) from UCO Bank and Bank of India; (4) KVIC schemes for Dokra metalwork, bamboo craft, lac products; (5) TRIFED support for tribal enterprises. All require a project report + basic KYC. UCO Bank branches in Dumka, Giridih, and Chaibasa are most active for tribal MSME cases.
Jharkhand MSME Policy 2021 subsidies: (1) Capital Investment Subsidy — 25% of fixed capital investment up to ₹10L (general); 35% up to ₹12.5L (SC/ST/women/Scheduled Area); (2) Interest Subsidy — 5% per annum on term loans for 5 years; (3) Electricity Duty Exemption — 100% for 5 years; (4) Stamp Duty Exemption — 100% on land purchase; (5) SGST/CGST reimbursement — for new units for 7 years. These subsidies are in addition to PMEGP — you can take PMEGP + Jharkhand interest subsidy (but not PMEGP + capital investment subsidy).
“Auto ancillary unit near Tata Motors. UCO Bank gave ₹30L MSME loan. Cred's report had Jamshedpur auto-ancillary sector data — approved in 25 days.”
Sanjay M.
Jamshedpur, Jharkhand
₹30L Approved
UCO MSME Term Loan
“Dokra metal craft unit. PMEGP ₹12L with 35% subsidy as SC entrepreneur. Ranchi DIC accepted Cred's report — first tribal craft PMEGP in my block.”
Saraswati D.
Dumka, Jharkhand
₹12L + 35% Subsidy
PMEGP
“Lac processing unit — MUDRA Tarun ₹8L from Bank of India. Jharkhand is biggest lac producer but banks didn't know how to value it. Cred's report explained the revenue model well.”
Binod K.
Ranchi, Jharkhand
₹8L Approved
MUDRA Tarun