Indicative ₹10 Lakh financing for a salon / barber shop + a full bank-ready report with CMA data, DSCR ≥ 1.50 and 5-year projections.
No credit card • Free preview • Ready in 60 seconds
This project report is designed for a salon/barber shop business seeking a ₹10 Lakh bank loan under MUDRA or PM Vishwakarma schemes. The total project cost is ₹10 Lakh, with promoter margin of ₹1 Lakh and term loan of ₹9 Lakh. At an 11% interest rate over 7 years, the EMI is approximately ₹15,410 per month. The business falls under NIC code 96022. A bank-ready project report includes CMA data, DSCR calculation, and 5-year financial projections, which are essential for loan approval. This report helps entrepreneurs and CAs present a professional proposal to banks, covering viability, repayment capacity, and scheme eligibility.
For a ₹10 Lakh salon/barber shop loan, you can apply under MUDRA Kishor (₹50,001–₹10 Lakh) or PM Vishwakarma (up to ₹1 Lakh as part of first tranche, but for ₹10 Lakh, MUDRA is more suitable). Eligibility: Indian resident, age 18–65, with basic training or experience in barbering/salon services. No collateral required under CGTMSE for loans up to ₹10 Lakh. Priority sector lending norms apply. Banks may require a project report with 5-year projections and DSCR >1.25. PM Vishwakarma offers 5% interest subvention on loans up to ₹1 Lakh, but for ₹10 Lakh, MUDRA is typically used.
Total project cost: ₹10 Lakh. Break-up: Furniture & fixtures (₹2.5 Lakh), salon equipment like chairs, dryers, washbasins (₹4 Lakh), interior renovation (₹2 Lakh), working capital for 2 months (₹1 Lakh), and preliminary expenses (₹0.5 Lakh). Promoter's margin: ₹1 Lakh (10%). Bank loan: ₹9 Lakh as term loan. Repayment over 7 years at 11% p.a. yields EMI of ₹15,410. Monthly operating expenses include rent (₹15,000), staff salaries (₹25,000 for 2 assistants), utilities (₹5,000), consumables (₹10,000), and loan EMI. Break-even revenue is around ₹60,000 per month.
Documents: Aadhaar, PAN, address proof, 2 passport-size photos, business plan/project report, quotation for equipment, rent agreement (if rented), and bank statements for 6 months. For MUDRA: no collateral, simple application form. Step 1: Prepare project report with CMA, DSCR, and projections. Step 2: Approach a bank (SBI, HDFC, etc.) or online via MUDRA portal. Step 3: Submit documents and undergo credit assessment. Step 4: Loan sanctioned, disbursed after margin contribution. Step 5: Start business. For PM Vishwakarma, register on the portal and apply for the first tranche of ₹1 Lakh, then subsequent tranches up to ₹10 Lakh.
Every report is formatted to the exact standards required by Indian banks and government departments.
Create your account in 30 seconds — no credit card needed.
Enter applicant details, select the scheme, set your loan amount.
Our AI drafts the full report with financials, projections, and CMA data in under 60 seconds.
Export PDF on the free plan (branded). Upgrade for clean exports plus Word (.docx) + Excel (.xlsx). Submit to bank or DIC office.
Financing structured for a ₹10 Lakh salon / barber shop: margin, term loan & EMI.
Scheme-ready for MUDRA Shishu, MUDRA Kishor, PM Vishwakarma.
Exact means of finance, CMA, DSCR ≥ 1.50 in the generated report.
Change the amount or city anytime and re-download.
Word + Excel exports; first report free, clean export ₹499.
Indicatively ≈ ₹15,410/month on the ~₹9 Lakh term-loan portion (at 11% over 7 years), with ~₹1 Lakh promoter margin. The report computes exact figures.
Banks typically expect ~10% margin — about ₹1 Lakh for a ₹10 Lakh project — plus any scheme subsidy.
MUDRA Shishu, MUDRA Kishor, PM Vishwakarma fit this range. The report is configured to your chosen scheme.
Yes, MUDRA Kishor covers loans from ₹50,001 to ₹10 Lakh. For ₹10 Lakh, you can apply under Kishor category. No collateral needed. The loan is for setting up or expanding a salon/barber shop.
The EMI is approximately ₹15,410 per month. This is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P=₹9 Lakh, r=0.917% monthly (11%/12), n=84 months.
PM Vishwakarma provides loans up to ₹1 Lakh in the first tranche and up to ₹10 Lakh in subsequent tranches, but the total loan ceiling is ₹10 Lakh. However, the scheme is for traditional artisans. Salon/barber shop qualifies. The interest subvention of 5% is available.
Typically 10% of the project cost, i.e., ₹1 Lakh. This amount must be contributed by the borrower from their own sources. The bank will finance the remaining ₹9 Lakh.