Indicative ₹15 Lakh financing for a agarbatti manufacturing + a full bank-ready report with CMA data, DSCR ≥ 1.50 and 5-year projections.
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Are you planning to start an agarbatti manufacturing unit with a bank loan of ₹15 lakh? This page provides a ready-to-use project report tailored for this specific business, covering the project cost, financing structure, EMI, and applicable government schemes. A bank-ready project report is crucial for loan approval—it includes CMA data, DSCR calculations, and 5-year financial projections. For a ₹15 lakh project, the typical promoter margin is ₹1.5 lakh (10%), with a term loan of ₹13.5 lakh. At an 11% interest rate over 7 years, the monthly EMI works out to approximately ₹23,115. This report is designed for entrepreneurs and CAs across India, with eligibility under PMEGP, MUDRA Kishor (₹5-10 lakh loan, though here we use higher), and PM Vishwakarma (for traditional artisans). The NIC code is 32909. Use this template to approach banks like SBI, PNB, or Canara Bank with confidence.
To avail a ₹15 lakh loan for agarbatti manufacturing, you must be an Indian citizen aged 18+ with a viable business plan. For PMEGP, the project cost limit is ₹25 lakh (manufacturing) with subsidy of 15-35% (max ₹3.75 lakh). For MUDRA Kishor, loans up to ₹10 lakh are available; however, for ₹15 lakh, you can apply under MUDRA Tarun (₹10 lakh to ₹20 lakh). PM Vishwakarma offers up to ₹3 lakh (first tranche) and ₹2 lakh (second) at 5% interest, but for higher amounts, combine with bank loan. CGTMSE collateral-free coverage up to ₹5 crore applies if you don't have collateral. Ensure your business is not on the negative list. The project report should include your experience, market analysis, and raw material sourcing plan.
For a ₹15 lakh agarbatti manufacturing unit, the indicative project cost includes: machinery (agarbatti rolling machine, mixer, dryer, packaging) ~₹8 lakh, raw materials (bamboo sticks, charcoal powder, perfume, binding powder) ~₹3 lakh, working capital ~₹2.5 lakh, and other expenses (rent, electricity, registration) ~₹1.5 lakh. Financing: Promoter contribution 10% (₹1.5 lakh), term loan 90% (₹13.5 lakh). Repayment over 7 years at 11% p.a. yields EMI ₹23,115. DSCR should be >1.5; based on projected net profit of ₹3.5 lakh/year, DSCR is ~1.8. Include CMA data for last 3 years if existing business. For new units, provide projected balance sheet, P&L, and cash flow.
Key documents: KYC (Aadhaar, PAN, Voter ID), business address proof (rent agreement or ownership), project report (use this template), quotations for machinery, proof of promoter contribution (bank statement), and caste certificate (if applying for PMEGP subsidy). For PM Vishwakarma, registration on the PM Vishwakarma portal is needed. Steps: 1) Prepare project report with CMA. 2) Apply online on PMEGP/MUDRA portal or visit bank. 3) Bank appraises and sanctions loan. 4) Disbursement after margin money deposit. 5) Claim subsidy (PMEGP) after 6 months of operation. Ensure all documents are self-attested. For CGTMSE coverage, no collateral is needed; bank charges a guarantee fee of ~1% p.a.
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Financing structured for a ₹15 Lakh agarbatti manufacturing: margin, term loan & EMI.
Scheme-ready for PMEGP, MUDRA Kishor, PM Vishwakarma.
Exact means of finance, CMA, DSCR ≥ 1.50 in the generated report.
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Indicatively ≈ ₹23,115/month on the ~₹13.5 Lakh term-loan portion (at 11% over 7 years), with ~₹1.5 Lakh promoter margin. The report computes exact figures.
Banks typically expect ~10% margin — about ₹1.5 Lakh for a ₹15 Lakh project — plus any scheme subsidy.
PMEGP, MUDRA Kishor, PM Vishwakarma fit this range. The report is configured to your chosen scheme.
Yes, PMEGP allows project cost up to ₹25 lakh for manufacturing. Subsidy is 15% (general) to 35% (special categories) of project cost, max ₹3.75 lakh. For ₹15 lakh, subsidy would be ₹2.25-5.25 lakh. You need to contribute 10% margin money. The loan is from a bank, and subsidy is released after project implementation.
The EMI is approximately ₹23,115 per month. This is calculated using the formula: EMI = P * r * (1+r)^n / ((1+r)^n -1), where P=₹13.5 lakh (loan amount after margin), r=0.9167% monthly (11% annual), n=84 months. Total interest over 7 years is about ₹5.9 lakh.
Under CGTMSE, collateral-free loans up to ₹5 crore are available for MSMEs. However, banks may still ask for collateral if they perceive risk. For agarbatti manufacturing, if you have a good credit score and project report, CGTMSE coverage (75-85% guarantee) can help avoid collateral. Ensure your project is viable.
Key machinery: Agarbatti rolling machine (semi-automatic, ₹1.5-3 lakh), mixer (₹50,000-1 lakh), dryer (₹1-2 lakh), and packaging machine (₹50,000-1 lakh). Raw materials: Bamboo sticks (₹50-80/kg), charcoal powder (₹30-50/kg), perfume oil (₹500-2000/litre), and binding powder (₹20-40/kg). Monthly production capacity of 500-1000 kg requires ~₹2-3 lakh raw material.