PMEGP Report Generator
Detailed Project Report
Submitted for Financial Assistance
Under PMEGP Scheme
For Establishment of
Cordyceps Militaris
Cultivation Unit
Submitted By:

Mrs. Rajni Sheetal
Proprietor
Hamirpur, Himachal Pradesh
Submitted To:

The Branch Manager,
State Bank of India,
Hamirpur Main Branch

1. Project at a Glance

1 Name of Entrepreneur Mrs. Rajni Sheetal
2 Name of Enterprise M/s. Sheetal Cordyceps Farm
3 Constitution (Legal Status) Proprietorship
4 Father/Spouse Name Mr. Kamal Kumar Sharma
5 Unit Address Hamirpur, Himachal Pradesh
6 Contact Number +91 98765 43210
7 Product Dried Cordyceps Militaris (Medicinal Mushroom)
8 GSTIN 02AAAAA0000A1Z5
9 Total Cost of Project 6,05,000
10 Bank Loan (Term Loan + WC) 3,63,000
11 Subsidy (PMEGP) 2,11,750
12 Debt Service Coverage Ratio (DSCR) 3.24 (Average)
13 Pay Back Period 5 Years
14 Employment Generation 3 Persons

2. Introduction & Market Potential

Introduction: Cordyceps Militaris is a high-value medicinal mushroom known for its immune-boosting and energy-enhancing properties. Unlike the wild variety, it can be cultivated in controlled laboratory conditions. The global and Indian market for Cordyceps is growing rapidly due to rising health awareness post-pandemic.

Market Potential: With increasing urbanization and health consciousness, the demand for nutraceuticals is skyrocketing. Cordyceps commands a premium price in the market (₹80,000 - ₹1,00,000 per kg). The product has huge export potential as well as domestic demand in the ayurvedic and supplement industry.

3. Manufacturing Process

The cultivation process is technical and sterile:

  1. Substrate Preparation: A mixture of brown rice and liquid nutrients is filled into glass jars.
  2. Sterilization: Jars are autoclaved at 121°C to eliminate contaminants.
  3. Inoculation: Liquid spawn is injected into jars under a Laminar Air Flow (LAF) cabinet.
  4. Dark Incubation: Jars are kept in the dark at 20°C for 5-7 days for mycelium growth.
  5. Fruiting (Light Cycle): Jars are moved to a grow room with LED lights (12hr cycle) & controlled humidity for 50-60 days.
  6. Harvesting & Drying: Fruit bodies are harvested and dried in a dehydrator to <5% moisture.

4. Cost of Project

S.No. Particulars Amount (₹)
1 Civil Works / Lab Renovation 60,000
2 Laminar Air Flow (LAF) Cabinet 65,000
3 Vertical Autoclave (Sterilizer) 45,000
4 Air Conditioner (1 Ton Inverter) 35,000
5 Dehydrator & Packaging Tools 25,000
6 Sensors, Humidifiers & IoT 20,000
7 Power Generator (7.5 KVA) 85,000
8 Heavy Duty Racks, Trays & Furniture 85,000
9 Refrigerator (90L) 15,000
10 Airtight Fan with HEPA Filter 8,000
11 LED Grow Lights 12,000
12 Working Capital Margin 1,45,000
Total Project Cost 6,05,000

5. Means of Finance

Particulars Amount (₹)
Own Contribution (5%) 30,250
PMEGP Subsidy (35% Backend) 2,11,750
Bank Term Loan (Balancing) 3,63,000
Total 6,05,000

* Note: The PMEGP Subsidy is front-ended but kept as a Fixed Deposit (TDR) for 3 years, to be adjusted against the loan thereafter.

6. Projected Profitability Statement (5 Years)

(Figures in ₹)

Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
A) PRODUCTION & SALES
Production (KG) 10 11 12 13 15 16 18
Price (₹/KG) 80,000 82,400 84,872 87,418 90,041 92,742 95,524
Total Revenue 8,00,000 9,06,400 10,18,464 11,36,434 13,50,615 0 0
B) EXPENDITURE
Raw Material 1,50,000 1,65,000 1,81,500 1,99,650 2,19,615 0 0
Electricity/Fuel 85,000 93,500 1,02,850 1,13,135 1,24,449 0 0
Wear & Tear 65,000 55,250 46,962 39,918 33,930 28,840 24,514
Total Exp (B) 3,00,000 3,13,750 3,31,312 3,52,703 3,77,994 0 0
Gross Profit 5,00,000 5,92,650 6,87,152 7,83,731 9,72,621 0 0
Less: Interest 36,000 28,800 21,600 14,400 7,200 0 0
NET PROFIT 4,64,000 5,63,850 6,65,552 7,69,331 9,65,421 0 0

7. Projected Balance Sheet

Liabilities (Sources of Funds) Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7
LIABILITIES
Capital (Opening + Profit) 4,94,000 0 0 0 25,00,000 0 0
Term Loan 3,20,000 0 0 0 0 0 0
Current Liabilities (Creditors) 20,000 22,000 25,000 30,000 35,000 40,000 45,000
Total Liabilities 0 0 0 0 0 0 0
ASSETS (Application of Funds)
Gross Fixed Assets 4,30,000 4,30,000 4,30,000 4,30,000 4,30,000 4,30,000 4,30,000
Less: Accum. Depreciation 65,000 0 0 0 0 0 0
Net Fixed Assets 0 0 0 0 0 0 0
Cash Balance & Stock 0 0 0 0 0 0 0
Total Assets 0 0 0 0 0 0 0

8. Calculation of D.S.C.R.

Particulars Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7
Net Profit+Dep+Int 5,65,000 6,47,900 7,34,114 8,23,649 10,06,551 0 0
Repayment 1,08,000 1,08,000 1,08,000 1,08,000 1,08,000 0 0
DSCR 5.23 5.99 6.79 7.62 9.32 0 0
Average DSCR: 6.99

9. Repayment Schedule (Bank Loan)

Assumed Interest Rate: 10% p.a. | Tenure: 5 Years

Year Opening Balance Principal Repayment Interest Payment Closing Balance
Date:
Place:
Mrs. Rajni Sheetal
(Proprietor)
DISCLAIMER: This report is prepared based on market assumptions. Actual results may vary. This document is for bank appraisal purposes under PMEGP scheme.

QUOTATIONS / INVOICES

(Supporting Document 1: Machinery)


Bio-Tech Lab Solutions

Haridwar, UK | GSTIN: 05AAACB1234D1Z5
PROFORMA INVOICE
Date: 15-Oct-2023
To: Mrs. Rajni Sheetal, Hamirpur

Description Qty Rate GST% Amount
Laminar Air Flow Cabinet (SS 304) 1 55,085 18 65,000
Vertical Autoclave (High Pressure) 1 38,135 18 45,000
Commercial Dehydrator (12 Tray) 1 21,186 18 25,000
IoT Sensors & Humidifiers Set 1 16,949 18 20,000
Total 1,55,000

(Supporting Document 2: Electricals)


PowerGen & Electronics

Hamirpur, HP | GSTIN: 05BBBCZ9876K1Z9
QUOTATION
Date: 18-Oct-2023
To: Mrs. Rajni Sheetal, Hamirpur

Description Qty Rate GST% Amount
7.5 KVA Silent Diesel Generator 1 72,034 18 85,000
LED Grow Lights (Full Spectrum) 10 1,017 18 12,000
Refrigerator 90L 1 12,712 18 15,000
Airtight Inline Fan with HEPA 1 6,780 18 8,000
Total 1,20,000

(Supporting Document 3: Civil & Fabrication)


Doon Interiors

Hamirpur, HP | GSTIN: 05DDDFA4567M1Z2
ESTIMATE
Date: 20-Oct-2023
To: Mrs. Rajni Sheetal, Hamirpur

Description Qty Rate GST% Amount
Renovation & PUF Insulation 1 50,847 18 60,000
Heavy Duty Steel Racks 8 6,780 18 64,000
Work Tables & Furniture 1 17,797 18 21,000
Total 1,45,000