Bank-ready salon / barber shop report under PM Vishwakarma — project cost ₹1–10 Lakh, subsidy, CMA data, DSCR ≥ 1.50 and 5-year projections.
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For a salon or barber shop (NIC 96022) seeking PM Vishwakarma scheme benefits, a bank-ready project report is essential. This document, tailored for an entrepreneur in Delhi or any Indian city, covers project cost between ₹1–10 lakh with a 60% subsidy (up to ₹3 lakh) under the scheme. The report includes CMA (Credit Monitoring Arrangement) data, DSCR (Debt Service Coverage Ratio) calculations, and 5-year financial projections to demonstrate viability. It details the business model, equipment list, working capital needs, and repayment capacity, ensuring banks and PM Vishwakarma authorities approve the loan. A well-structured report increases approval chances and helps secure the 5% interest subvention.
To apply under PM Vishwakarma for a salon/barber shop, the entrepreneur must be an Indian citizen, aged 18 or above, and belong to the traditional artisan category (barber/naai). No prior GST registration is required, but a valid Aadhaar and mobile number are mandatory. The business should be operational or planned with a project cost between ₹1 lakh and ₹10 lakh. The scheme offers a 60% subsidy on capital expenditure (up to ₹3 lakh) and a 5% interest subvention on loans up to ₹10 lakh. Collateral-free loans via CGTMSE are available for amounts up to ₹5 lakh. The applicant must not have availed similar benefits under other central schemes like PMEGP or MUDRA in the last 5 years.
For a standard salon/barber shop, the project cost is typically ₹3–5 lakh. A sample breakup: furniture (₹50,000), equipment like hair dryers, scissors, clippers, chairs, mirrors (₹1.5 lakh), interior work (₹1 lakh), and working capital for 3 months (₹1.5 lakh). Under PM Vishwakarma, the subsidy covers 60% of the capital cost (max ₹3 lakh), and the remaining 40% is provided as a term loan from a bank at a concessional rate (approx 5% after subvention). The loan repayment period is 5 years, with a moratorium of 6 months. DSCR should be above 1.25, and the project report must include a CMA format showing current assets, current liabilities, and fund flow.
Key documents: Aadhaar card, PAN card, address proof (voter ID, passport, or utility bill), bank account statement (last 6 months), passport-size photo, and a detailed project report (DPR) as per PM Vishwakarma format. For a salon/barber shop, include a list of equipment with quotations, rent agreement if premises are rented, and a brief bio of the applicant (experience/training). No collateral is needed for loans up to ₹5 lakh; above that, CGTMSE coverage applies. The DPR should be signed by the applicant and a qualified CA or consultant. Ensure all documents are self-attested.
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PM Vishwakarma format + salon / barber shop economics combined correctly.
Subsidy/margin money for PM Vishwakarma auto-computed.
Project cost ₹1–10 Lakh, NIC 96022.
CMA, DSCR ≥ 1.50, 5-year projections.
Editable; Word + Excel exports; first report free.
Yes — PM Vishwakarma (artisan loan + toolkit) is commonly used for salon / barber shop. 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.
No, the scheme prohibits availing benefits under other central schemes like MUDRA, PMEGP, or Stand-Up India within the last 5 years. However, you can apply if the previous loan was under a state scheme or a different category.
The subsidy is 60% of the capital cost, capped at ₹3 lakh. For a project cost of ₹5 lakh, you get ₹3 lakh subsidy (60% of 5 lakh) and a loan of ₹2 lakh. The total project cost must be between ₹1 lakh and ₹10 lakh.
No, GST registration is not mandatory for the scheme. However, if your annual turnover exceeds ₹20 lakh (₹10 lakh for some states), you must register for GST separately. The scheme does not require GST for loan approval.
After submitting the application and DPR, the bank typically processes the loan within 15–30 days. The subsidy is released after the bank disburses the loan and the equipment is purchased. Total time from application to fund receipt is about 1–2 months.