Bank-ready candle manufacturing report under PM Vishwakarma — project cost ₹1–15 Lakh, subsidy, CMA data, DSCR ≥ 1.50 and 5-year projections.
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Are you an aspiring entrepreneur in India looking to start a candle manufacturing business under the PM Vishwakarma scheme? This page provides a comprehensive project report for a candle manufacturing unit (NIC 32990) with project costs ranging from ₹1 to ₹15 lakh. The PM Vishwakarma scheme offers a 5% interest subvention on loans up to ₹3 lakh (first tranche) and ₹5 lakh (second tranche), along with a 60-day moratorium and collateral-free credit through CGTMSE. A bank-ready project report is crucial for loan approval; it typically includes CMA data, Debt Service Coverage Ratio (DSCR) analysis, and 5-year financial projections. This report will help you present a viable business plan to banks, covering raw material costs (paraffin wax, wicks, molds), machinery (melting tanks, molding machines), working capital, and marketing expenses. We detail the subsidy process, required documents, and step-by-step application procedure. Whether you are in Delhi, Mumbai, or a small town, this guide ensures your project report meets PM Vishwakarma standards.
To avail PM Vishwakarma benefits for candle manufacturing, you must be an individual artisan or craftsman engaged in traditional candle making. The scheme is open to those above 18 years, with no upper age limit. You must not have availed any other government credit scheme (like MUDRA, PMEGP) in the past 5 years. Aadhaar, Voter ID, and a bank account are mandatory. The scheme covers both rural and urban areas. For candle making, you need to demonstrate skill in wax melting, molding, and finishing. No formal education is required. The loan is collateral-free under CGTMSE. The first tranche is up to ₹3 lakh, and after successful repayment, the second tranche up to ₹5 lakh. The subsidy is in the form of interest subvention of 5% per annum, reducing the effective interest rate.
For a candle manufacturing unit, the project cost typically includes machinery (₹50,000–₹2 lakh: melting tanks, molds, cooling racks), raw materials (₹30,000–₹1 lakh: paraffin wax, stearic acid, wicks, dyes), working capital (₹30,000–₹1 lakh for 2 months), and other expenses (₹10,000–₹50,000 for rent, electricity, marketing). Under PM Vishwakarma, the first tranche loan covers up to ₹3 lakh, with no margin money required. The second tranche can add up to ₹5 lakh. The loan is repaid over 18 months with a 60-day moratorium. Interest subvention of 5% is credited to your account quarterly. Banks may ask for a project report with CMA data, DSCR (should be >1.5), and 5-year projections. Our report format includes these details, ensuring your application is processed smoothly.
Essential documents: (1) Aadhaar card and Voter ID/Driving License for identity; (2) Address proof (utility bill, rent agreement); (3) Bank account statement for last 6 months; (4) Two passport-size photographs; (5) Caste certificate if applicable; (6) Skill certificate or experience proof (optional but helpful); (7) Project report (we provide a detailed format). For the second tranche, you need repayment proof of the first loan. The application is done through Common Service Centres (CSCs) or directly at banks. Ensure all documents are self-attested. The project report must include a CMA statement, DSCR calculation, and 5-year profit/loss projections. This helps the bank assess viability.
Step 1: Visit your nearest Common Service Centre (CSC) or bank branch. Step 2: Register on the PM Vishwakarma portal (if online) or fill the application form. Step 3: Submit your project report and documents. Step 4: The bank will verify your skill and conduct a field visit. Step 5: Loan is sanctioned within 15-30 days. Step 6: After disbursement, the 60-day moratorium starts. Step 7: Repay in 18 monthly installments. Step 8: After successful repayment, apply for the second tranche. The subsidy (5% interest subvention) is automatically credited to your account quarterly. Ensure you maintain proper records of raw material purchases and sales for future audits.
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PM Vishwakarma format + candle manufacturing economics combined correctly.
Subsidy/margin money for PM Vishwakarma auto-computed.
Project cost ₹1–15 Lakh, NIC 32990.
CMA, DSCR ≥ 1.50, 5-year projections.
Editable; Word + Excel exports; first report free.
Yes — PM Vishwakarma (artisan loan + toolkit) is commonly used for candle manufacturing. The report is formatted to PM Vishwakarma requirements with subsidy/margin money shown.
artisan loan + toolkit — computed automatically in the means-of-finance and subsidy sections.
Register free, pick the scheme & loan amount, and the AI drafts the full bank-ready report (CMA data, DSCR, 5-year projections) in under 60 seconds. First report free; clean exports ₹499.
The first tranche loan is up to ₹3 lakh, and the second tranche up to ₹5 lakh, totaling ₹8 lakh. The loan is collateral-free under CGTMSE. The project cost for candle manufacturing typically ranges between ₹1 lakh and ₹15 lakh, but the scheme covers only up to ₹5 lakh (first + second tranche). For higher amounts, you may need to combine with other schemes like MUDRA.
Yes, PM Vishwakarma provides a 5% interest subvention per annum on the loan. This means the effective interest rate is reduced by 5%. For example, if the bank charges 12%, you pay only 7%. The subvention is credited to your account quarterly. There is no upfront subsidy; it is adjusted against interest payments.
The loan is repayable in 18 monthly installments after a 60-day moratorium from the date of disbursement. During the moratorium, no principal or interest payment is required. The first installment starts after 60 days. The interest subvention is applicable throughout the loan tenure.
No, the scheme explicitly states that you should not have availed any other government credit scheme (MUDRA, PMEGP, etc.) in the last 5 years. However, if your previous loan was from a non-government source, you may still be eligible. It is best to check with the bank or CSC.