Setting up a medical store with a ₹1 Lakh loan under MUDRA or CGTMSE is a viable option for aspiring entrepreneurs in India. This bank-ready project report is tailored for a medical store business (NIC 47721) requiring a total project cost of ₹1,00,000, with a promoter margin of ₹10,000 and a term loan of ₹90,000. The loan can be availed under MUDRA Kishor (₹50,001–₹5 lakh) or MUDRA Tarun (above ₹5 lakh up to ₹10 lakh) schemes, with collateral-free coverage up to ₹2 crore under CGTMSE. The report includes critical CMA data, Debt Service Coverage Ratio (DSCR), and 5-year financial projections that banks require for loan approval. It helps you present a clear repayment plan: EMI of approximately ₹1,541 per month at an assumed 11% interest over 7 years. Whether you are in a Tier-2 city like Lucknow or a rural area in Uttar Pradesh, this report demonstrates viability, ensuring faster sanction and disbursal.
Any Indian citizen above 18 years with a viable business plan can apply. For a ₹1 lakh loan, MUDRA Kishor (up to ₹5 lakh) is ideal; MUDRA Tarun covers ₹5 lakh–₹10 lakh. Both are collateral-free under CGTMSE. The borrower must have a basic educational qualification (minimum 8th pass for MUDRA) and no default history. Priority is given to women, SC/ST, and OBC entrepreneurs. Local pharmacy license (Drug License under Drugs and Cosmetics Act, 1940) and GST registration are mandatory. Banks also check the applicant's credit score (preferably 650+) and business experience.
Total project cost is ₹1,00,000. Promoter contribution: ₹10,000 (10%). Bank loan: ₹90,000 (90%) as term loan. The break-up includes: furniture and fixtures (₹15,000), initial medicine stock (₹60,000), computer/billing software (₹10,000), and working capital (₹15,000). The loan tenure is 7 years at an interest rate of 11% per annum (may vary by bank). Monthly EMI is ₹1,541. The DSCR calculated over 5 years is 1.8, indicating comfortable debt servicing. The project is expected to generate net profit of ₹35,000 in Year 1, growing to ₹60,000 by Year 5.
To apply, you need: (1) KYC documents (Aadhaar, PAN, Voter ID), (2) address proof of business premises (rent agreement or ownership), (3) Drug License (provisional or final), (4) GST registration certificate, (5) project report with CMA data and projections, (6) bank statement of last 6 months, (7) income tax returns (if any), and (8) two passport-size photographs. For MUDRA loans, a simple application form and business plan suffice. If applying under CGTMSE, no collateral is needed. Ensure all documents are self-attested.
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Financing structured for a ₹1 Lakh medical store: margin, term loan & EMI.
Scheme-ready for MUDRA Kishor, MUDRA Tarun, CGTMSE.
Exact means of finance, CMA, DSCR ≥ 1.50 in the generated report.
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Indicatively ≈ ₹1,541/month on the ~₹90,000 term-loan portion (at 11% over 7 years), with ~₹10,000 promoter margin. The report computes exact figures.
Banks typically expect ~10% margin — about ₹10,000 for a ₹1 Lakh project — plus any scheme subsidy.
MUDRA Kishor, MUDRA Tarun, CGTMSE fit this range. The report is configured to your chosen scheme.
Yes, under the CGTMSE scheme, loans up to ₹2 crore are collateral-free. For a ₹1 lakh loan under MUDRA, no collateral or third-party guarantee is required. The government guarantees the loan, making it easier for first-time entrepreneurs.
The monthly EMI is approximately ₹1,541. This is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n – 1), where P=90,000, r=11%/12=0.009167, n=84 months. Actual EMI may vary slightly based on the bank's interest rate and processing fees.
All public sector banks (SBI, PNB, Bank of Baroda, etc.), private banks (HDFC, ICICI, Axis), and regional rural banks (RRBs) offer MUDRA loans. You can apply online through the MUDRA portal or visit your nearest bank branch. Many banks have dedicated MSME desks.
Yes, a drug license is mandatory. You can apply for a provisional license (valid for 6 months) and then get the final license. The bank will require a copy of the license or a receipt of application. Without it, the loan may not be sanctioned.