Paneer has been one of the most widely used dairy products in the Indian traditional cuisine since ages. It is a non-fermentative, non-renneted, non-melting type of cheese, obtained by acid and heat coagulation of milk. Paneer, also popularly known as Indian cottage cheese, is rich in nutrients like Vitamin B and D, calcium, phosphorus, dietary fiber, and omega-3 and omega-6 fatty acids. As a result, the consumption of Paneer helps in maintaining a healthy body and helps lower the risk of various diseases. Paneer has become one of the most consumed dairy products, especially in India, considering a significant proportion of the vegetarian population. Paneer is not only popular among the households but also used in the preparation of the food in-house, hotels and restaurants. The demand for Paneer is increasing both in the rural and urban areas. Considering the ever-growing demand for Paneer in the Indian subcontinent, starting a small scale Paneer making business can be a very profitable venture for new entrepreneurs.

Milk Products are the essential consumer items of daily life and therefore, the items come under the FMCG segment. Some of the major players in the Milk Products market include Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits & Vegetables Pvt Limited, Rajasthan Cooperative Dairy Federation Limited, VRS Foods Limited, Karnataka Co-operative Milk Producers Federation Limited, Tamilnadu Cooperative Milk Producers Federation Ltd (TCMPF), Pradeshik Cooperative Dairy Federation Ltd (PCDF), Ananda Dairy Ltd, Parag Milk Foods Limited, Hatsun Agro Product Limited and others. Owing to hectic lifestyles and altering food habits, the working population is shifting towards easy-to-prepare food products. As Paneer is an extremely versatile food item, has an easy preparation process and saves cooking time, it is gaining traction globally. Furthermore, during the recent lockdowns worldwide, several dairy companies, especially in India, reported a high jump in the monthly sales of dairy products, including Paneer. On account of these factors, the market is expected to grow at a CAGR of 6.30% during the forecast period (2021-2026). 

The proposed project is that of setting up of Paneer Making Business unit at the proposed location. The potential target customers/ market for the proposed set-up would comprise of the customers of local area, Retail Stores, Departmental Stores, Convenience Stores, Supermarkets/ Hypermarkets, Specialist Stores/ Parlours, Restaurants/Hotels, Caterers and Traders/ Suppliers of all Urban, Semi-Urban as well as Rural areas. 

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                     :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

 The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1.    Project at a Glance

2.    Highlights of the Project

3.    Project Introduction

4.    The Project Proposal

5.    The Products and its Uses

6.    Prospect for Investment

7.    Potential Target Customers/Market

8.    Market Entry Strategy

9.    Process Details and Technical Aspect

10. Installed and Operational Capacity

11. Quality Control and Standards

12. Raw Materials and Consumables

13. Power and Utility

14. Tentative Implementation Schedule

15. Basis & Presumptions

16. Capital Investment Estimates with Detail Project Economics

17. Computation of Working Capital Requirement

18. Estimated Total Project Investment

19. Proposed Means of Project Financing

20. Estimated Annual Sales Turnover

21. Projected Profitability Statement

22. Calculation of Interest Amount

23. Depreciation Schedule

24. Term Loan Repayment Schedule

25. Debt Service Coverage Ratio

26. Break-Even Analysis

27. Projected Cash Flow Statement

28. Projected Balance Sheet

29. Internal Rate Return

30. Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

LIST OF ANNEXURES

1.  Basics of Food Processing Business

2.  Indian Food Processing Industry- Current Scenario and Recent Govt. Initiatives

3.  Statutory Permits and Business Licenses required for the Project

4.  Beginner’s Guide to Start the Project

5.  Smart Tips to Identify Suitable Project Location

6.  Critical Success Factors in Food Processing Business and

7.  Marketing Strategy and Promotional Ideas to Boost the Sale of the Business.

LIST OF ENCLOSURES

ENCLOSURE-1: READING MATERIAL FOR PANEER PROCESSING BUSINESS, PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-2: E-BOOK ON PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-3: LATEST LIST OF “ONE DISTRICT ONE PRODUCT” (ODOP) FOR 713 DISTRICTS OF 35 STATES/UNION TERRITORIES UNDER PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.