Indicative ₹50 Lakh 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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For an auto spare parts business requiring ₹50 Lakh funding, a bank-ready project report is your gateway to a term loan under MUDRA Tarun or CGTMSE. This report includes CMA data, DSCR of 1.5+, and 5-year financial projections (P&L, balance sheet, cash flow) tailored to NIC 45301. With a promoter margin of ₹5 Lakh and term loan of ₹45 Lakh, the EMI at 11% over 7 years is ₹77,051 per month. We cover eligibility, subsidy options, and step-by-step loan process to help entrepreneurs in any Indian city secure approval.
Any Indian citizen above 18 years with a viable auto spare parts business plan can apply. For ₹50 Lakh, MUDRA Tarun (₹5-10 Lakh) is not enough; instead, apply under MUDRA Kishor (₹50,001-5 Lakh) or directly as a term loan with CGTMSE cover. PMEGP provides subsidy of 15-35% (up to ₹35 Lakh project cost), but for ₹50 Lakh, the subsidy is capped. Stand-Up India (for SC/ST/women) offers loans up to ₹1 Crore. CGTMSE collateral-free cover is available for loans up to ₹2 Crore, reducing the need for third-party guarantee.
Total project cost: ₹50 Lakh. Promoter's contribution: ₹5 Lakh (10%). Term loan: ₹45 Lakh (90%). Loan tenure: 7 years. Interest rate: 11% p.a. (reducing balance). Monthly EMI: ₹77,051. Total interest payable over 7 years: ₹19,72,284. Total repayment: ₹64,72,284. Use of funds: ₹20 Lakh for machinery & equipment (lathe, grinding, testing tools), ₹15 Lakh for working capital (inventory of bearings, belts, filters), ₹10 Lakh for leasehold improvements & furniture, ₹5 Lakh for preliminary expenses.
KYC (Aadhaar, PAN, Voter ID), business address proof (rent agreement or utility bill), GST registration certificate, business plan with 5-year projections, CMA data, audited financials (if existing), bank statements of last 6 months (personal & business), quotation for machinery, property documents (if collateral offered), and project report from a qualified CA or consultant. For CGTMSE, no collateral but personal guarantee of directors is needed.
1. Prepare a detailed project report (we can assist). 2. Approach your nearest bank branch (PSU like SBI, PNB, Bank of Baroda) or NBFC. 3. Submit application with all documents. 4. Bank conducts credit assessment and field visit. 5. Sanction letter issued with terms. 6. Sign loan agreement, pay processing fee (0.5-1% of loan amount). 7. Disbursement in phases or lump sum. Timeline: 2-6 weeks. For CGTMSE, the bank processes the cover simultaneously.
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Financing structured for a ₹50 Lakh 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 ≈ ₹77,051/month on the ~₹45 Lakh term-loan portion (at 11% over 7 years), with ~₹5 Lakh promoter margin. The report computes exact figures.
Banks typically expect ~10% margin — about ₹5 Lakh for a ₹50 Lakh 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. The bank will take a personal guarantee. However, for amounts above ₹10 Lakh, banks may still ask for collateral if the credit score is low. Ensure your CIBIL score is 700+ and the project report is strong.
The monthly EMI is ₹77,051. Total interest payable over 7 years is ₹19,72,284, and total repayment is ₹64,72,284. Use an EMI calculator to verify. Prepayment charges may apply if you close early.
PMEGP provides subsidy of 15% (general category) or 35% (SC/ST/OBC/women/minorities) on project cost up to ₹35 Lakh. For a ₹50 Lakh project, the subsidy is limited to the maximum eligible project cost. You can structure the project as ₹35 Lakh under PMEGP and the rest as a separate loan.
Banks typically require a minimum DSCR of 1.25, but 1.5+ is preferred. For a ₹45 Lakh loan at 11% for 7 years, annual debt service is ₹9,24,612 (EMI*12). Your projected net profit before interest and depreciation should be at least ₹13,86,918 to achieve DSCR 1.5.