For a general store (NIC 47191) seeking CGTMSE collateral-free loan of ₹2–15 lakh, a bank-ready project report is critical. This report includes CMA data (current ratio, debt-equity ratio), DSCR (debt service coverage ratio >1.5), and 5-year financial projections (profit & loss, balance sheet, cash flow). It demonstrates viability to lenders like SBI, HDFC, or Bank of Baroda. CGTMSE covers up to 85% of the loan amount, reducing bank risk. The report must also detail working capital needs, inventory turnover, and break-even analysis. Without a proper report, loan rejection is common. This page provides a sample format and key metrics for a general store in any Indian city or state.
Any individual, partnership, LLP, private limited company, or Hindu Undivided Family (HUF) can apply. The general store must be a retail trade entity (NIC 47191). Applicant age: 21–65 years. No prior collateral required. Credit score above 650 is preferred but not mandatory. Business should be operational for at least 6 months (new businesses can also apply). Loan amount: ₹2 lakh to ₹15 lakh. For amounts up to ₹5 lakh, CGTMSE cover is 85%; for ₹5–15 lakh, cover is 75%. The business must be located in a commercial area with valid trade license and GST registration (if turnover exceeds ₹40 lakh).
Total project cost for a general store typically includes: (a) Furniture & fixtures (₹30,000–₹1.5 lakh), (b) Computer & billing software (₹20,000–₹50,000), (c) Initial inventory (₹1–8 lakh), (d) Working capital (₹50,000–₹3 lakh), (e) Miscellaneous expenses (₹10,000–₹50,000). Bank financing: 100% loan under CGTMSE (no margin money required for loans up to ₹10 lakh; for ₹10–15 lakh, 5–10% margin may be asked). Interest rate: 9–12% p.a. Repayment: 3–5 years with monthly installments. Subsidy: No direct subsidy, but CGTMSE guarantee fee (0.75–1.5% p.a.) is borne by the bank or borrower.
1. KYC: Aadhaar, PAN, Voter ID/Driving License. 2. Business proof: Trade license, GST registration, shop & establishment certificate. 3. Financials: Last 2 years IT returns (if applicable), bank statements (6 months), projected financials for 5 years. 4. Property documents: Rent agreement or ownership proof of shop. 5. Quotations: For furniture, computer, inventory from suppliers. 6. Caste certificate (if applying under special category). 7. Project report in the bank's format (CMA, DSCR calculation, break-even analysis). Ensure all documents are self-attested and notarized where required.
Step 1: Prepare a detailed project report with 5-year projections (use our format below). Step 2: Approach a bank branch (SBI, PNB, Canara, or any PSB) or NBFC (e.g., Muthoot Finance). Step 3: Submit application with documents. Step 4: Bank verifies credit score, business viability, and CGTMSE eligibility. Step 5: Bank sanctions loan and uploads to CGTMSE portal for guarantee cover. Step 6: Loan disbursed in 2–4 weeks after approval. Tip: Apply through MUDRA portal for faster processing. For amounts above ₹10 lakh, banks may ask for a detailed CMA report.
Every report is formatted to the exact standards required by Indian banks and government departments.
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CGTMSE format + general store economics combined correctly.
Subsidy/margin money for CGTMSE auto-computed.
Project cost ₹2–15 Lakh, NIC 47191.
CMA, DSCR ≥ 1.50, 5-year projections.
Editable; Word + Excel exports; first report free.
Yes — CGTMSE (collateral-free up to ₹5 Cr) is commonly used for general store. The report is formatted to CGTMSE requirements with subsidy/margin money shown.
collateral-free up to ₹5 Cr — 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.
Up to ₹15 lakh. For loans up to ₹5 lakh, CGTMSE cover is 85%; for ₹5–15 lakh, cover is 75%. No collateral required. The loan can be used for inventory, furniture, computer, and working capital.
CGTMSE does not provide subsidy; it is a guarantee scheme. The guarantee fee (0.75% to 1.5% per annum on the loan amount) is either paid by the bank or passed to the borrower. Some banks absorb it for small loans. No other fee is charged by the scheme.
Yes, new businesses are eligible. However, the bank may ask for a detailed project report with realistic projections. You need a viable business plan, market analysis, and at least 6 months of experience in retail trade (or relevant qualification). A good credit score helps.
Banks usually require a Debt Service Coverage Ratio (DSCR) of at least 1.5. For a general store with average net profit of ₹2–3 lakh per year and loan EMI of ₹50,000–1 lakh, DSCR of 1.5–2 is achievable. Our project report template calculates this automatically.