Project report for bank loan

Raj Udyog Mitra Scheme

Raj Udyog Mitra Scheme

I hope you enjoy reading this blog post. If you want my team to create a bank-ready project report for you, Click here.

I hope you enjoy reading this blog post. If you want my team to create a bank-ready project report for you, Click here.

Author : Farzana | Founder of Finline

Author : James | Founder of Finline

Raj Udyog Mitra Scheme

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The government launched the Raj Udyog Mitra scheme for individuals in Rajasthan who wish to initiate a new micro, small, or medium enterprise but face obstacles under the old policies and laws of MSME. However, now after the launch of this scheme, there will be no need for government permission. New micro, small and medium enterprises can operate in the state and all the individuals or entrepreneurs who want to start their own businesses and start-ups can register by filling out the online application form (Raj Udyog Mitra Application Form) on the Mitra portal.

What are the benefits of registering at the Raj Udyog Mitra official portal?

  • There is now a simple application process and the issuing of immediate certificates of acknowledgement.
  • All new companies will obtain 3 years of exemption from inspections under all state laws.
  • No prior approval is needed for the establishment and operation of MSMEs under any state law.
  • New enterprises can avail the exemptions mentioned in the new MSME ordinance passed in 2019.

What are the Eligibility Criteria for the Raj Udyog Mitra Scheme?

  • Firstly, the applicant must be a resident of Rajasthan
  • New MSMEs proposed to commence commercial operations on or after 4 March 2019 may apply for the exemption allowed for in the Ordinance.
  • This scheme does not apply to already licensed MSME businesses.

What are the Documents Needed for the Raj Udyog Mitra Scheme?

  • Details of bank account (copy of bank passbook).
  • Aadhar Card, Voter Identification Card, PAN, Driving License
  • Business Plan/Project Report
  • Address Proof: Aadhar, Electricity bill, Valid Passport, Property tax bill, etc.
  • Photographs of employees (passport size)
  • In the records of any bank, the applicant must not be in default.

In the above list, a Business plan also known as a project report is a crucial document when applying for a bank loan. The bank uses this document to analyze the overall feasibility, risks, financial viability, and potential of a project. A well-crafted and convincing project report increases the chances of loan approval. With Finline you can craft a compelling project report in less than 10 minutes. That too in your language. Also, all public and private sector banks working in India accept our project report. Click to create your project report.

 How to apply: 

The given website should be visited to apply for the Raj Udyog Mitra Scheme.

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