This project report is tailored for a Kirana Store business requiring a ₹15 Lakh bank loan. Located in any tier-2 or tier-3 city in India, the proposal assumes a promoter contribution of ₹1.5 Lakh (10%) and a term loan of ₹13.5 Lakh. The loan is structured under MUDRA Kishor (₹5-10 Lakh) or Shishu (up to ₹5 Lakh) depending on tranches, with CGTMSE collateral-free coverage up to ₹2 Crore. The project cost includes ₹8 Lakh for inventory (staples, packaged goods, beverages), ₹3 Lakh for store renovation and fixtures, ₹2 Lakh for refrigeration and POS system, and ₹2 Lakh for working capital. Repayment is over 7 years at 11% per annum, yielding an EMI of ₹23,115. The report provides CMA data, DSCR (1.58), and 5-year financial projections (sales growth from ₹24 Lakh to ₹36 Lakh, net profit margin ~8%). It is bank-ready and meets RBI guidelines for MSME lending.
To qualify for a ₹15 Lakh Kirana Store loan under MUDRA, the business must be a non-farm income-generating activity. NIC code 47110 (Retail sale in non-specialized stores with food, beverages or tobacco predominating) applies. Under MUDRA Shishu (loans up to ₹50,000) and Kishor (₹50,001 to ₹10 Lakh), the ₹13.5 Lakh term loan can be split into two tranches: ₹10 Lakh under Kishor and ₹3.5 Lakh under Shishu, or a single loan under MUDRA Tarun (₹10 Lakh to ₹20 Lakh) if the lender offers it. CGTMSE cover of up to 85% is available for loans up to ₹5 Lakh and 75% for above ₹5 Lakh up to ₹2 Crore, eliminating the need for collateral. The borrower must be an Indian citizen, above 18 years, and have a viable business plan. Banks typically require a minimum credit score of 650 and a clean repayment history.
The total project cost is ₹15 Lakh. Break-up: Inventory (₹8 Lakh) – includes stock of rice, wheat, pulses, oils, packaged snacks, beverages, and household essentials. Store renovation (₹3 Lakh) – painting, shelving, flooring, signage, and billing counter. Equipment (₹2 Lakh) – one deep freezer, one refrigerator, a POS system with barcode scanner, and a weighing scale. Working capital (₹2 Lakh) – for initial utility deposits, petty cash, and unforeseen expenses. Promoter margin is 10% (₹1.5 Lakh) to be brought in as cash or kind (e.g., existing stock or equipment). Term loan of ₹13.5 Lakh is disbursed in one or two stages. Repayment over 84 months at 11% p.a. results in monthly EMI of ₹23,115. The DSCR is calculated at 1.58, indicating comfortable debt coverage.
For a ₹15 Lakh Kirana Store loan, banks require: 1) KYC documents – Aadhaar, PAN, Voter ID, and address proof of the applicant. 2) Business proof – GST registration (if turnover exceeds ₹40 Lakh), trade license from municipal corporation, and shop and establishment act registration. 3) Financial documents – last 2 years’ IT returns (if applicable), bank statements of 6 months, and a detailed project report (this document). 4) Property documents – if collateral is offered (though CGTMSE may waive it). 5) Quotations for equipment and renovation from suppliers. 6) Caste certificate (if applying under Stand-Up India or PMEGP). For MUDRA loans, banks often have a simplified checklist; however, a project report with CMA data and projections strengthens the case. Ensure all documents are self-attested and up-to-date.
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Financing structured for a ₹15 Lakh kirana store: margin, term loan & EMI.
Scheme-ready for MUDRA Shishu, MUDRA Kishor, CGTMSE.
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.
MUDRA Shishu, MUDRA Kishor, CGTMSE fit this range. The report is configured to your chosen scheme.
The EMI is ₹23,115 per month. This is calculated using the standard reducing balance method: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P=₹13.5 Lakh (loan amount), r=0.9167% monthly (11% annual), n=84 months. Total interest payable over 7 years is approximately ₹5.91 Lakh.
MUDRA loans do not offer direct subsidy but provide interest subvention of 1.5% for women entrepreneurs under certain conditions. PMEGP offers a subsidy of 15-35% on project cost (max ₹15 Lakh for general category, 25% for special categories). However, PMEGP requires the project cost to be between ₹5 Lakh and ₹50 Lakh, and the subsidy is back-ended (released after loan repayment starts). For Kirana Store, PMEGP is viable if you are a first-generation entrepreneur. Check with your local KVIC or DIC for eligibility.
Under MUDRA, the promoter margin is typically 10% of the project cost, i.e., ₹1.5 Lakh. For PMEGP, margin money is 5-10% depending on category. Banks may also accept the margin in kind (e.g., existing stock or equipment). The margin must be brought in before loan disbursement and should be documented.
Once the project report and documents are submitted, banks usually process MUDRA loans within 7-15 working days. If CGTMSE cover is applied, it may take slightly longer (up to 3 weeks). Ensure your credit score is above 650 and all documents are complete to avoid delays. Some banks offer online applications through PSB Loans in 59 Minutes portal, which can sanction the loan in 59 minutes for amounts up to ₹5 Lakh; for higher amounts, manual processing is needed.