We Indians are somewhat religious as spirituality captures the heart of most of the population. There are a lot of significant activities we perform on a routine basis to mark our single minded devotion to the almighty. We offer flowers, we blow conch and many more. One such performance essentially practiced is lighting lamp as part of prayers, ceremonies and auspicious functions. As per theory, everything in nature is made up of five basic elements: earth, water, fire, air and space. Lighting of lamp represents the element of fire. Fire is one of the five principal elements of this material creation (earth, water, fire, air and sky) and it represents purity. It is believed that whatever comes in contact with fire is immediately purified. Accordingly, lighting Lamp is an indispensable part of worship in Hindu religion. Though, Lamps are usually lighted using Oil and Ghee but since years pure Cow Ghee Lamps are considered more auspicious for health and happiness. Ghee is more capable to attract and reciprocate the Sattvik or positive vibrations present in the surrounding atmosphere. Ghee disperses its aroma in the air quickly and purifies it off microbes.

In India, almost every household has a custom of lighting a Deepam or Diya twice a day — in the morning and evening. But with increasingly busy lifestyle of common people, many households either resorted to easy shortcut procedures to traditional ritual practices or started avoiding altogether. Considering such busy schedule of common people, many home-based businesses grew up supplying Readymade Ghee Diya Jyot Batti to the market. These Ghee Battis are normally available with burning time of 20-30 minutes, are convenient, easy to use and can be lighted anywhere. There are some Ghee Diya Battis, which are made from Pure Cow Ghee and 100% pure Cotton. Making of Readymade Ghee Diya is a very simple process. Due to availability of low cost Cotton Wick making machines and launching of many such multi-cavity/multi-purpose Moulds, the process of making Readymade Ghee Diya became easier helping in making lamps of varied sizes.

The festivals never end in this country. One will find people celebrating something or the other almost every day. That is why there is always a market demand for the items associated with regular religious activities. Readymade Ghee Diya making business can be initiated either as home-based or as a small scale cottage industry unit. Being a consumer product, demand for Ghee Cotton Wicks exists throughout the year and it increases on festive seasons.

Currently, millions of self-employed individuals have acted upon home business ideas and work regularly from their home. Gone are the days when a home-based business meant little more than working from a desk or pursuing a hobby for some extra pocket money. There are several young people, college students, ladies/women, retired citizens who want to earn money by spending few hours in a day or week. Such people can start several small business ideas with low investment. There are several advantages of starting a home-based business and the foremost advantage is that one can initiate the business with a comparatively small capital investment having minimum financial risk. These days just about any business is possible to run from home, although of course some are more suited to being home-based than others. Moreover, during this post covid-19 situation, working from home can be rewarding and fun. At a time when social distancing may be important, more people than ever are glad to stay at home for work. Luckily, there are many home business ideas those spark our thinking. Starting a home-based business can offer a safer, lower cost alternative to test the waters. With the rise of home businesses, more and more people are discovering ways to use remote work to pursue entrepreneurship with their headquarter at home.

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.   Highlights of the Project

2.   Project Introduction

3.   The Project Proposal

4.   Prospect for Investment

5.   Potential Target Customers/Market

6.   Marketing Strategy

7.   Critical Success Factors

8.   Process Details and Technical Aspects

9.   Installed and Operational Capacity

10. Quality and Standards

11. Raw Materials and Consumables

12. Power and Utility

13. Tentative Implementation Schedule

14. Basis & Presumptions

15. Capital Investment Estimates with Detail Project Economics

16. Computation of Working Capital Requirement

17. Estimated Total Project Investment

18. Proposed Means of Project Financing

19. Estimated Annual Sales Turnover

20. Projected Profitability Statement

21. Calculation of Interest Amount

22. Depreciation Schedule

23. Term Loan Repayment Schedule

24. Debt Service Coverage Ratio

25. Break-Even Analysis

26. Projected Cash Flow Statement

27. Projected Balance Sheet

28. Internal Rate Return

29. Pay Back Period

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

1.   Statutory Permits and Business Licenses Required for the Project

2.   Important Steps to Start the Project

3.   Tips to Identify Suitable Project Location and

4.   Contact Details of Machinery & Raw Material Suppliers.

LIST OF ENCLOSURES

ENCLOSURE-1: E-BOOK ON SCHEMES FOR MSMEs, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-2: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-3: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-4: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-5: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

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.