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A Project Report Format

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  A project report serves as a snapshot of the entire project/business plan.   Most of you may be unclear about the actual format required for a project report. The format of the   Project Report is very simple - just explain all aspects of your business. Creating a project report is a very difficult task for all business people. A project report is also known as a business plan; is an important document when going for a bank loan.   Typically, most of the business people or entreprenuers find it difficult to create a project report of their own, that’s why Financeseva come into the picture as you don’t need financial knowledge in creating the project report in Financeseva.   A good project report should contain the following information. You can use our sample project report for having a better understanding of the format required to create a detailed project report.   A perfect project report format consists of: Introductory Page – This section in...

Business Loan in India

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  As there are more than 40,000 startups in India at current present who have access to many private equity and other debt financing options.   Whatsoever, in India – it becomes challenging task to get funding when the business is just an idea or initial stage. Micro small medium enterprises (MSME) sector in India has only limited access to formal credit which is why the government of India decided to launch startup business loan schemes for MSMEs and Startups. In recent times, the small industries development bank of India (SIDBI) has started lending to startups and MSMEs directly rather than doing channelizing it through private or public banks. The Business Loan Interest Rate are lower as compared with other loans. Some of the most notable and popular schemes offered by the Indian government for startups and MSMEs are as follows: Bank Credit Facilitation Scheme: Under this scheme, borrowers can obtain the credit and fulfill their requirements. NSIC has partnered with sev...

Project Report for Bank Loan

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  Project Report for Bank Loan Creating a project report seems difficult for entrepreneurs. A detailed project report (DPR) is also known as a business plan that is the important document for bank loan. Most of the business owners find it difficult to create a project report for their own, that’s why Financeseva came into the picture.  There are certain identities to be noted to check whether a project report is worthwhile pursuing or not. Usually, a good project report contains the following information. You can use our sample project report to understand better.   Here is the accurate project report format as given below:  Introductory Page – This page will describe the potential, need, possibility of funds required for business expansion.  Scope of the Project – It will be an executive summary of the whole project activity that you are going to do.  Background about the Promoters – Their educational qualifications, work experience need to be d...

Mudra Loan Apply Online

  The Mudra loan is provided by lenders to help non-corporate and non-farm sector income generating micro enterprises that need credit below Rs. 10 lakhs.   The factors that affect the interest rate of MUDRA loan are the income of borrower, nature of business, repayment tenure, creditworthiness and required loan amount.   The affordable interest rate of MUDRA loan is @7.30% onwards per annum with the repayment period up to 60 months.  It is divided into three categories: -  Shishu Loans up to Rs.50,000  Kishor Loans up to Rs.5,00,000  Tarun Loans up to Rs.10,00,000  Interest rates & Processing fees of various banks   Bank name   Interest rates   Processing fee  Bank of India  8%  1%  Canara Bank   10%  1%  Central Bank of India  8%  1%  Bank of Baroda   8%  1%  Bank of Maharashtra  10%  1%  Indian Bank   ...