Indicative ₹2 Crore financing for a auto spare parts + a full bank-ready report with CMA data, DSCR ≥ 1.50 and 5-year projections.
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This page provides a comprehensive ₹2 Crore auto spare parts project report for entrepreneurs seeking a bank loan under MUDRA Kishor/Tarun or CGTMSE schemes. The project involves manufacturing and trading of auto spare parts (NIC 45301) with a promoter margin of ₹20 Lakh and a term loan of ₹1.80 Crore. The EMI at 11% over 7 years is approximately ₹3,08,204 per month. A bank-ready project report is critical for loan approval and includes detailed CMA data, DSCR calculations, and 5-year financial projections. It demonstrates business viability, repayment capacity, and compliance with scheme guidelines. This report helps you approach banks like SBI, PNB, or Canara Bank with confidence.
To avail a ₹2 Crore loan for auto spare parts, you must be an Indian entrepreneur (individual, partnership, or private limited) with a viable business plan. The MUDRA Kishor (₹5-10 Lakh) and Tarun (₹10 Lakh-₹10 Crore) schemes cover this loan size, but the actual loan is classified under MUDRA Tarun. CGTMSE provides collateral-free coverage up to ₹2 Crore, reducing the need for third-party guarantees. Key benefits: no collateral up to ₹2 Crore (CGTMSE), subsidized interest rates (MUDRA), and 60% subsidy under PMEGP for eligible units. Ensure your business is not on the negative list and has a good credit score.
For a ₹2 Crore auto spare parts project, typical cost breakup: Land & Building (₹50 Lakh), Plant & Machinery (₹80 Lakh), Working Capital (₹50 Lakh), and Preliminary Expenses (₹20 Lakh). Promoter contribution is 10% (₹20 Lakh), and term loan is ₹1.80 Crore. The loan tenure is 7 years with a moratorium of 6-12 months. EMI at 11% p.a. is ₹3,08,204/month. DSCR should be above 1.5; our sample report shows DSCR of 1.75. Working capital limit (OD/CC) of ₹30 Lakh may be additional. Ensure your project report includes these figures with justification.
Prepare these documents: 1) KYC of all promoters (Aadhaar, PAN, Voter ID). 2) Business proof (GST registration, MSME Udyam certificate, trade license). 3) Financials: IT returns for 3 years, audited balance sheets (if existing), projected CMA data for 5 years. 4) Project report with detailed cost, profitability, DSCR, and repayment schedule. 5) Property documents for collateral (if any). 6) Quotations for machinery and equipment. 7) Caste/community certificate for PMEGP subsidy. 8) Bank statement for 6 months. Banks may also ask for a detailed business plan and market analysis.
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Financing structured for a ₹2 Crore auto spare parts: 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 ≈ ₹3,08,204/month on the ~₹1.80 Cr term-loan portion (at 11% over 7 years), with ~₹20 Lakh promoter margin. The report computes exact figures.
Banks typically expect ~10% margin — about ₹20 Lakh for a ₹2 Crore project — plus any scheme subsidy.
MUDRA Kishor, MUDRA Tarun, CGTMSE fit this range. The report is configured to your chosen scheme.
Yes, under CGTMSE, loans up to ₹2 Crore are collateral-free for MSMEs. However, the bank may still require personal guarantees of promoters. MUDRA Tarun covers loans from ₹10 Lakh to ₹10 Crore, so ₹2 Crore is eligible. Ensure your project report shows strong DSCR and viability.
The EMI is approximately ₹3,08,204 per month. This is calculated using the formula: EMI = P * r * (1+r)^n / ((1+r)^n - 1), where P=1,80,00,000, r=11%/12, n=84 months. Actual EMI may vary slightly based on bank processing fees and interest rate changes.
Yes, PMEGP provides subsidy of 15-25% (up to ₹35 Lakh) for manufacturing units. For general category, subsidy is 15% (max ₹15 Lakh). However, the project cost must be within PMEGP limits (max ₹50 Lakh for manufacturing). Since your project is ₹2 Crore, PMEGP may not cover the full amount, but you can still apply for a portion.
Typically 2-4 weeks after submission of a complete project report and documents. Banks conduct a technical and financial appraisal. If you have a ready CMA and project report, the process is faster. CGTMSE coverage may expedite approval as collateral is not required.