Bank-ready handicraft unit report under PM Vishwakarma — project cost ₹2–25 Lakh, subsidy, CMA data, DSCR ≥ 1.50 and 5-year projections.
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For artisans in India planning a Handicraft Unit under PM Vishwakarma (NIC 32901), a bank-ready project report is essential to access subsidized loans of ₹2–25 lakh. This page provides a detailed guide to preparing a project report for a Handicraft Unit, specifically tailored for PM Vishwakarma applicants. The report must include CMA data, DSCR calculations, and 5-year financial projections to satisfy bank requirements. It covers project cost breakdown, subsidy eligibility (up to 55% for general category, 65% for SC/ST/OBC), working capital needs, and machinery specifications. A well-structured report increases approval chances and ensures timely disbursement. Whether you are an entrepreneur in Jaipur, Lucknow, or Mysore, this format helps you present a viable business plan to banks like SBI, PNB, or Canara Bank. Download the editable project report format and customize it for your specific handicraft product—be it woodwork, metalware, or embroidery.
PM Vishwakarma is open to traditional artisans and craftspeople aged 18+ with a valid Aadhaar. For Handicraft Units, the project cost ranges from ₹2 lakh to ₹25 lakh. The scheme covers 100% of the project cost, with a subsidy of 55% (general) or 65% (SC/ST/OBC) capped at ₹1.5 lakh. The remaining amount is a term loan from banks at concessional rates (approx. 7% p.a.). Eligible activities include carving, painting, weaving, and metalwork. Artisans must have a PM Vishwakarma certificate (obtained via the official portal) and a business plan. The project report must justify the cost based on machinery, raw materials, and working capital for 3 months.
A comprehensive project report for a Handicraft Unit should include: (1) Executive Summary – business overview, location (e.g., Jaipur, Rajasthan), and product range. (2) CMA Data – current ratio, debt-equity ratio, and fund flow. (3) DSCR – minimum 1.25 for 5 years. (4) 5-Year Financial Projections – profit & loss, balance sheet, cash flow. (5) Break-even analysis. (6) Repayment schedule. (7) Machinery list with quotes (e.g., carving tools, polishing machine, kiln). (8) Raw material sourcing plan. (9) Marketing strategy (e.g., GeM portal, exhibitions). Use realistic assumptions: sales growth 10-15% p.a., gross margin 40-50%. Attach copies of Aadhaar, PM Vishwakarma certificate, and land documents.
Under PM Vishwakarma, the subsidy is back-ended: the bank disburses the full loan, and the government credits the subsidy to the borrower's account after verification. Typically, the subsidy is released in 2-3 tranches after the unit starts operations. For a ₹10 lakh project (general category), the subsidy is ₹5.5 lakh (55%), with the borrower paying ₹4.5 lakh as loan. The bank processes the loan after project report approval, usually within 15-30 days. Ensure your report includes a detailed DSCR showing ability to repay. Banks prefer a DSCR above 1.5. Also, provide collateral-free guarantee via CGTMSE (up to ₹5 lakh) or personal guarantee for higher amounts. The project report must be signed by a qualified CA or consultant.
Every report is formatted to the exact standards required by Indian banks and government departments.
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Enter applicant details, select the scheme, set your loan amount.
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PM Vishwakarma format + handicraft unit economics combined correctly.
Subsidy/margin money for PM Vishwakarma auto-computed.
Project cost ₹2–25 Lakh, NIC 32901.
CMA, DSCR ≥ 1.50, 5-year projections.
Editable; Word + Excel exports; first report free.
Yes — PM Vishwakarma (artisan loan + toolkit) is commonly used for handicraft unit. 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 project cost can be between ₹2 lakh and ₹25 lakh. For amounts above ₹25 lakh, you may need to apply under other schemes like PMEGP or MUDRA. The subsidy is capped at ₹1.5 lakh for general category and ₹1.95 lakh for SC/ST/OBC.
No collateral is required for loans up to ₹5 lakh under CGTMSE cover. For loans above ₹5 lakh up to ₹25 lakh, banks may ask for personal guarantee or collateral. However, many banks accept the CGTMSE guarantee for the full amount if the project report is strong.
The subsidy is disbursed after the loan is sanctioned and the unit starts operations. Typically, it takes 3-6 months from loan disbursement. The subsidy is credited directly to your bank account in installments as per the scheme guidelines.
Yes, the same project report can be adapted for MUDRA (Shishu, Kishor, Tarun) or PMEGP by adjusting the subsidy percentage and loan terms. However, ensure the project cost and format meet the specific scheme requirements. For PM Vishwakarma, the report must mention the scheme name and subsidy details.