MVIF Proposal

For

Manufacturing and Marketing

of
TRACTOR OPERATED MULTI SPRINT CULTIVATOR

Submitted by:

Business Development, National Innovation Foundation-India

On Behalf of the Innovator

Mr. Ghanshyam

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Contents
Introduction ................................................................................ Error! Bookmark not defined.
Profile of Innovator……………………………………………………………………………………………………… ……..4
Innovation……………………………………………………………………………………………………………………………5
Working……………………………………………………………………………………………………………………………….7
Construction and Technical Specifications……………………………………………………………………………9
Scope for the product……………….……………………………………………………………..……………………….10
SWOT Analysis.......................................................................................................................... 11
Business Plan............................................................................................................................ 12
Marketing Plan ......................................................................................................................... 13
Sales Plan ................................................................................................................................. 14
Distribution Channel ............................................................... Error! Bookmark not defined.19
Proposed Financial Assesment ................................................................................................ 22
Proposed Costs ........................................................................................................................ 23
Financials.................................................................................................................................. 24
Profit & Loss Statement ........................................................................................................... 24
Cash Flow ................................................................................................................................ 24
Repayment Schedule ............................................................................................................... 25
Repayment ............................................................................................................................... 25
Recommendation..................................................................................................................... 26
Annexures ................................................................................................................................ 26

2
INTRODUCTION

Name Mr.Ghanshyam Bikaji Jadhav

Postal address Minakshi Trailer and equipments,Gat no:495,Satana
Contact Details –deola Road,Satana,Taluka-Satana ,District-
9860251347,7776859529
Entry No. E1019MH3220
Reference No. 101MH19A3951

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 Tractor operated multi sprint cultivator

PROFIlE OF INNOVATOR:
The innovator is Fabricator and manufacturer of some farm implements like
plough, harrow, cultivators etc. In addition, having workshop which is his
family’s traditional occupation and his father works with him. He also helps in
development of machines that farmers use in their farms. He has all the
machineries for doing mechanization work like welding, repairing, hydraulic
press, lathe machines, etc. His family has 11 members, including his Parents,
wife, 3 daughters, his younger brother. He has very societal and friendly nature,
his friends give him moral as well as financial support for his studies and
innovations.
He did 3-month training with wind turbine technologies at Nordic folkecenter,
Denmark-www.folkecenter.eu/ From October 2014 to December 2014.
After that he did 1.5 years’ volunteer ship in Auroville wind turbine
manufacturing company, Pondicherry by taking money from his family and
friends. http://www.aep-auroville.com/
Mr. Ghanshyam likes to study and learn new things, google is his best teacher as
he was weak in English but he has learned through google dictionary, he has also
learned designing and CAD from google.

Once he came across the news that grapes exported to European countries from
India are rejected by European countries due to the excessive use of chemicals,
they didn’t accept it, many trucks full of grapes were thrown into the sea , because
there was no option left even farmers faced loss and their financial condition was
not strong . Hence, farmers in India have suffered a lot and faced too many
problems. He believes that people in India pay less attention towards organic
farming and they are not aware about these type of technologies.
There are many technologies in the foreign countries, though they are good, but
not all farmers can afford it, he believes that farmers should adopt new
technologies in their farms according to their needs and in order to give benefit
to the general farmer in India this innovative machine will be available in low
cost and with proper maintenance.

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INNOVATION
“Tractor mounted multipurpose agricultural equipment /Tractor operated multi sprint
cultivator”

Tractor operated multipoint cultivator is a PTO drive as well as diesel operated

multipurpose cultivator tillage implement machine, having different attachments
of plough, disc harrow, weeder, mover 0(grass cutter) and furrow opener which
can be used for multifunction’s like ploughing, harrowing ,weeding, grass cutting
and also furrow opening and closing respectively. It is mostly used in farms of
grapes ,pomegranate, orange, papaya, etc all types of orchard farms as well as
vine yards to remove weeds between two rows and also from space around trees
without damaging trees because of is special sensor rod function .This
multipurpose implement will promote chemical less grapes production. It is
economical as compared to other technologies and a time saving machine.

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 Tractor operated multi sprint cultivator

General objectives and advantages of this Tillage implements are:

1. Plough: Provide a deep seed bed of good structure.
2. To improve the seed bed by pulverization of soil
3. Disc Harrow: To conserve the moisture, kill the weeds and reduce
evaporation.
4. Mover/ Grass cutter: To cut the crop residues and cover the crops and
mix vegetable matter with soil.
5. Weeder: To destroy the weeds.
6. Furrow opener and rod: for making furrow and enclosing the soil after
seeding.
To break up clods, firm the top soil and put it in a better tilt for seeding and
germination.

Features of the tractor operated multi sprint cultivator:

1. It is a multifunctional Tractor operated PTO driven cultivator, having
different parts attachments of plough, weeder, grass cutter, furrow opener
and disc harrow with spring and sensor rod. 5 functions in 1 machine so,
more preferable and usable for land holder’s / fruit farmers.
2. Oil Cooler also there for cooling purpose.
3. As compare to abroad technology this Indian technology is easily operated,
cost effective, more efficient and environment friendly and pollution fee.
4. Feasible cost
5. The present version of equipment can be attached to any make and model
of tractor of size 15-60 hp Currently attached with 22 hp John Deere
6. Future application areas are for polyhouses or greenhouse or any vegetable
crops or flower farming mini tractor is most convenient and small
attachments can do for it.

6
Working

For primary tillage and is especially useful in hard and dry, trashy, stony or
stumpy land conditions and in soil where scouring is a major problem. Single
Action Disc Harrow cuts the soil in only one direction. The harrow consists of a
sturdy frame, discs arranged in single gang and three-point linkage. Discs are
important component of the harrow and are made from high carbon steel or alloy
steel; the cutting edges are hardened and tempered to suitable hardness. The gangs
can be moved in either direction on the hitch frame. When operating in orchards
or plantations, the harrow can be offset to the right or left, thus enabling soil to
be thrown towards or away from the trees. Three-point hydraulic linkage and
hydraulic control makes it highly manoeuvrable.

The tractor mounted Single Action Disc Harrow consists of four concave disc of
gang mounted one side of the frame and having cutting width is 20’. Disc Gang

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together on a square shaft called Gang Shaft or Gang Bolt. The spacing between
the discs falls between 6" with cast iron spools. Gang is attached to a spring and
small piston cylinder connected to rod which having small bend which come in
contact and touches the tree and helps to keep protected tree roots from direct
cutting. Scrapper is attached to scrap soil in between the discs. Similarly, all other
attachments like plough, weeder, furrow opener and grass cutter will also have
attached to the frame as shown,

Repair and maintenance

- Lubricate the bearings and moving parts as recommended, do not over

grease
- Check nut and bolts finesses.
- Sharpen and replace worn, cracked/ braked blades
- After use thoroughly clean all trash soils and dirty grease from harrow
- Before storing clean dirty blades and coat with heavy grease or antirust
compound.
- Only oil recovery in 6 months or once in years at least after 1000
operations.

Otherwise no more repair and maintenance cost as innovator gives 2-year

warranty and surety for free repair and maintainance as requirements.
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Construction and Technical Specifcations

Type / Material
Parts Dimension & specification

Tractor Currently -22 Hp 15 HP to 60 Hp

Oil Pump 40 lpm 68 Number

Gear box 540 rpm
Harrow Single acting Disc type tractor mounted harrow

Gang Disc 4 disc

Length-760mm
Width-75mm
Disc Blades high carbon steel
Thickness-10mm

L× b× H
Main frame Iron
920mm×730mm×970mm
Pitch of discs 170 mm

Disc Bearing ID 20mm 2 Nos. In wells T roller bearings

OD 52 in each well 2 bearings
Scrapers LBH=150mm×50mm×6mm Quantity- 4 Nos

Cylinder Double acting hydraulic cylinder

Spring L- 130mm Springs metal

Sensing Rod Length -800 mm

Hydraulic direction control
- 45 lpm
valve

Grass cutter with hydraulic

20 cc 2500-3000 rpm
motor

Oil cooler D.C. 12 V

Capacity 5 Acre/day

Weight: 235-250 kg

Fuel consumption: 3.5 lit- 4 lit Diesel per Acre

Rs. 1.25 lakh

Cost

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SCOPE FOR THE PRODUCT
Standardization and quality of implement manufacturing has been ensured mainly
by the Bureau of Indian Standards (BIS) which has formulated more than 540
standards on agricultural machinery. However, there is still scope to improve the
quality of agricultural implements, particularly in the case of small scale
manufacturers.
Allocation of USD223 million
was made for the
establishment of Farm
Machinery Banks and
distribution of farm machinery
and tools to farmers in various
states in FY16.
The sale of tractors increased
from 0.35 million units in
FY07 to 0.57 million units in
FY16, witnessing growth at a
CAGR of 5.5 per cent .

Sale of tillers increased at a

CAGR of 8.6 per cent to 48,000
units over FY07-15 .
Government of India is
focussing on increasing its reach
of farm mechanisation to the
regions where availability of
farm power is low and to small
and marginal farmer.

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SWOT ANALYSIS
Strengths
 5 functions in one 1 machine so, more preferable and usable for fruit
farmers.
 High level of quality in its product line.
 This farm equipment promotes chemical free fruits and crops.
 Improves the seed bed pulverization and soil fertility and even time saving.
 Maintaining and growing its referral networks to generate new and repeat
sales.
 Aim to help farmers and agriculture producers to export their products in
the European market, as long time ago grapes exported to European
countries were rejected and many trucks were thrown into sea due to
excessive use of chemicals.
 Product provides comparatively better efficiency and is time saving.
 Recognised as an innovative product which adds to its credibility.
Weaknesses
 No funds available for the purpose of expanding the business.
 Sales limited to few locations.
 Uneven demand.
 Lack of prior experience in production planning and working in formal
sector.
Opportunities
 Export opportunities.
 To build an effective sales and distribution level.
 Lack of competition.
 Digital marketing.
Threats
 Better and recognised substitutes available in the market. E.g. JCB,
Mahindra.
 Agricultural Equipment manufacturer’s in formal sector.

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BUSINESS PLAN
The potential users for the innovation include the –
1. Individual farmers: as local farmers cannot buy new equipment every year,
and this multipurpose tilling and harrowing farm equipment with different
portable attachments will help them to use one machine for ploughing, harrowing,
weeding, grass cutting and furrow opening and closing soil respectively.
2. Agricultural institutes: institutes that are mainly involved in farming and
research can use it, as this multipurpose machine is very economical compared to
other technologies and will rapidly develop marketing alliances with agriculture
consulting offices.
3. Construction companies: Both government and private organisations that are
involved in agricultural activities on huge scale can use multipurpose cultivator
tillage implement machine, it is time saving and will help in increasing the
efficiency and profitability of the firm.

Tractor operated multi sprint cultivator

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MARKETING PLAN
The overall marketing plan for “Tractor Operated Multi-Sprint Cultivator” is
based on the following fundamentals-
The segments of the market: we can plan to reach mostly in grapes,
pomegranate, orange, papaya etc. . . .all types of orchard farms as well as vine
around tree without damaging tree because of its special sensor rod function. This
multipurpose implement will promote chemical less grapes production, which
can further be exported to other countries. Though technology in foreign
countries is good, not all farmers can afford it, so farmers should have to adapt
new technology in their farm according to their needs and in order get the benefit
to the general farmer in India, which will be available all over in low cost and
maintenance.
Distribution channels planned to be used to reach market segments: majority
of farmers live in the remote areas where there is no accessibility of digital
technology and internet. The only medium of information for them is done
through radio, t.v and newspaper. Moreover, the government of India has
introduced “DD Kisan” a flagship channel for farmers. It provides them the basic
information of quality and efficient farming. Thus, t.v advertisement will help us
to reach those individual farmers who have no accessibility to other medium of
information. The possibility of being endorsed or featured through program in
radio/ t.v related to the agriculture also will be explored.
Participation in agricultural affairs: the local farmers will only buy equipment
they know to be effective, and the best way to convince them is to bring a sample
equipment to their fields for demonstration and the innovator has already taken
initiative for that ,so we can further help to participate in more affairs .It will
provide the clear picture of the product to the audience with proper demonstration
and physical presence and will help in learning the customer need and emerging
trend in the industry.
He has not marketed his product, even he has manuals and brochures but still
never tried marketing because he has no knowledge about it and neither sold the
machine as he has only 1 unit which he uses for demonstration and presenting in
exhibitions. He has also organised an event with the help of his friends as he has
no land for trial where he invited farmers from nearby areas and demonstrated the
working of his machine with different types of crops and soil . Many farmers
were interested but he has only one machine which is already in use.

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SALES PLAN
There is a current untapped market opportunity for agriculture machinery because
existing providers of agriculture machinery and implicits are too diversified to
serve the increasingly specialized needs of the potato market by ignoring the crop
needs for mechanization of farms of grapes, orange, papaya etc.
Our strategy is to create a limited geographical niche for itself, where there will
be no potential competitors. We will offer high-quality agriculture equipments
and machinery for crop mechanization of farms of grapes, papaya etc. at a price
which is competitive in comparison to other premium –quality commercial
machinery manufacturers in the local market.
Mr. Ganshyam dose not have enough cash in hand to buy the wide range of
demonstration equipment’s, he has only 1 machine with him he can meet the
sales potential by upcoming funds. We can provide him funding for 10 lacs for
the purpose of expanding the business.
Expansion plans include the purchase of additional equipment’s, allowing him to
promote and to demonstrate its product. He has organised an event where he
invited farmers from nearby areas and demonstrated the working of his machine
and even many farmers were interested but he has only one machine which is
already in use. He has also uploaded a working video of his machine on YouTube
and done online promotions through all unpaid sources like Facebook, YouTube
,etc.

14
Nashik district, located in the North East part of Maharashtra is very famous and
popular in the world for cultivation and exports for the orchard farms and
represents 6 percent of Gross Cropped Area, with that grapes more than 2 percent
and pomegranate another 1.3 percent, a total of 39 percent of its main workers
are farmers and 21 percent agricultural labourers.
 Grape farming is a highly profitable venture for farmers, but it is also
highly risky as farmers have to invest heavily for the production. Despite
the challenges, the grape sector has a lot of potential and is one of the
largest foreign export earnings. In order to get the efficient productivity,
the innovator’s multi-purpose machine would be more helpful to farmers
and will help in increasing the overall productivity.
 Weeding in the Vineyards could be done easily, as frequent weeding is
required to allow feeder roots to absorb the nutrients and moisture.
 The Multi-Functional tractor drawn implements can be used for inter
cultivation and weed control, as it will remove weeds between two rows
and also from space around the trees without damaging trees because of its
special sensor rod function ,in the vine yards where close spacing are
adopted , manual weeding or digging the plots and lifting the weeds once
in 3 months is also a common practice. So machine will be of great demand
in such fields.
 Periodical cultivation with disc harrow to turn the soil and push nutrients
into the deeper layers is essential. So single machine can be used for multi
purpose activities which will make farmer’s work easy and will increase
productivity without buying different machines.
As demand for orchard farms in Maharashtra is quite high so, this multipurpose
machine will be of great use to farmers .

15
GRAPES CULTIVATION CLUSTER IN NASIK

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Following activities can be clubbed with the marketing plans to promote
sales:
1. Affiliation with Agricultural Associations/Societies: The presence of these
societies are to provide education and necessary information to the needy
farmers. These associations promote the use of technology in the
development of agricultural activities. Thus, these societies facilitate the
promotion of products which can help farmers and ease their farming
activities. Lakhs of farmers are associated with one or many such societies
as they ensure and build a relationship of trust among each other. The
contact details of these farmers can be collected and they can be targeted
based on geography and later on through word of mouth/refrences.

2. Corporate farming: Many organisations are coming up which own and

influence the agricultural practices on the large scale. Some of the
companies are listed below:
 DuPont Limited
 Nuziveedu Seeds Limited
 Advanta Limited
 National Agro Industry
 Godrej Agrovet Limited.
These companies are practicing farming and its related activities on large scale.
Association with them will surely build a good reputation and brand. Also, there
are possibilities of bulk orders due to their scale of activities.

17
FACTORS EFFECTING SALES OF MULTI SPRINT CULTIVATOR
Climate:
Climate can have a huge impact on the production because when its cloudy and
overcast, the orchard farms are going to have harder time getting ripe especially
for grapes, as it will take more water will start to swell and even split, mainly
fruits are formed from flowers, and a heavy rain can knock the blooms off the
plant and will reduce size of the crop , due to the undesirable climatic condition
farmers suffer a lot of loss and they are not able to invest the capital in farm.

Involvement of Established Players:

Involvement of established players like Mahindra, John Dheere etc. in the
manufacturing of similar farm implement can impact the business negatively as
they as they are already having a better distribution network, greater brand value
better reach to farmers. It can lead to reductuction in sales or lower profit margins
because then innovator might have to sell his product at discounted rates.
Pricing: most of the farmers (80%) in Nashik District have small and semi-
medium land holding so, the price factor emerges as the biggest concern from
them.

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DISTRIBUTION CHANNELS:

DISTRIBUTION

DIRECT SALES RETAILERS

Own sales Own sales Agricultural Machinary

force outlets merchants dealers

Direct to farmers: During early stage (this year), he is focusing on

distributing this machine directly to the farmers in the nearby areas of
Nasik.

Dealership: To spread out the reach to the nearby states, a strong and
efficient dealership network needs to be developed. It will also help in
improving awareness and in teaching to collaborate with few established
dealers (dealing in farm machinery)

COMPETITION
In comparison with currently available conventional alternatives with reference
to functioning, cost and elimination/minimization of drudgery, currently less
equipment’s are available in market which is used for multiple tillage operations.
Scope and skilled equipment’s are available in abroad countries, but it has
abundant cost nearly $1000=Rs.6.5 lakhs.
As compared to abroad technology the Indian technology is easily operated, cost
effective , more efficient, environment friendly and pollution free.

19
 The existence of similar machines like Multisprint Cultivator are availaible
on you tube links .There are many machines availaible in foreign market
which have same resemblance like innovator’s machine, but innovator’s
multisprint cultivator is slightly different in design and working having 5
functions in 1 machine.
 The existing machines are ID-David-vineyard and orchard equipment
http://www.industriasdavid.com
 Most of similar machines are availaible on KADIOGLU
https://www.youtube.com/watch?v=AX8cBp_6dy4,there are two to three
machines availaible with 3 attachments of disc harrow ,weeder and grass
cutter.
 Some machines called Automatic both side harrow machine with big
tractor attachments above 50Hp are availaible which has two sided
attachment of grass cutters and useful only in big farms availaible in Rinieri
Srl,il Made in Italy https://www.youtube.com/watch?v=6_Mnh_UTts4

Most of all machines are availaible in foreign countries Spain, Turkey etc.
In India there is no single machine availaible.

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ID DAVID
Tlf:+34968718119Fax:+34968795851

(Source engine- http://id-david.com/wp-

content/uploads/2017/06/ventral_foto_02.jpg)

KADIOGLU

(Source engine: https://www.youtube.com/watch?v=c4rV0uAGicM)

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Proposed Financial Assistance
To commence the smooth operations and acquiring initial customers, Innovator
needs an initial support worth Rs 2,50,000/- in the form of working capital.
Further, this proposal is for the total MVIF support of Rs 10,00,000 in stage
Proposed Financial Assistance
Particulars Amount (in Rs)
MVIF Contribution 10,00,000
Project Period 36 Months
Interest Rate 5.00%
wise manner throughout the period of 3 years.

As the demand for orchard farms in Nashik, Maharashtra is generally throughout

the year i.e ,12 months so we consider this year he is having 4 orders..
We are targeting to achieve the sales of atleast 1 machines during project period
of 36 months i.e. Oct’18 to Oct’21` as follows:

S. No. Year Expected Sales

(No of Units)
1 Oct 2018 – Oct 2019 4
2 Oct 2019 – Oct 2020 8
3 Oct 2020 – Oct 2021 12

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Proposed costs
Sr.No. Particulars No. of Units Approx. Price
(INR)
1 Double acting cylinder 1 Rs. 5200
2 Hydraulic PTO pump with Gearbox 1 Rs. 36000
3 Hydraulic Double acting control valve 1 Rs. 4800
4 Hydraulic rubber hose pipe set - Rs. 6500
5 Hydraulic pipe fitting assembly 1 Rs. 850
6 Hydraulic motor for grass cutter/mover 1 Rs. 4500
7 DC Hydraulic oil cooler 1 Rs.18000
8 Hydraulic oil filter 1 Rs. 300
9 Hydraulic oil 30 litres Rs. 7500
10 Hydraulic pressure meter 1 Rs. 550
11 14’’ Harrow plane Discs 4 Nos Rs. 2600
12 14” Toothed Disc 3 Nos. Rs. 1950
13 Well Bearings & Lock Nuts 4 & 2 Nos Rs. 1400
14 Disc hub T-bearings & Nuts 4 & 2 Nos Rs.2300
15 Nut , Bolts and Lock pins - Rs. 1000
16 Paint and Grease - Rs. 800
17 Spring for grass cutter 1 No Rs.200
18 Bearing for grass cutter /mover 3 Nos. Rs. 900
19 Blade for Grass cutter 2 Nos. Rs. 300
20 Steel pipes, flat bars , profiles - Rs.16000
21 Hubs for Disc Harrow 2 Nos. Rs. 1100
22 Labour cost - Rs. 12000
Total - Rs.1,24,750

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Financial Assessment
Profit and Loss Account
Profit and Loss Statement
Oct 2018-Oct 2019 OCT 2019-2020 OCT 2020-2021
Revenue
Revenue from Operations 7,40,000 14,80,000 22,20,000
Revenue from other source 0 0 0
Total Revenue 7,40,000 14,80,000 22,20,000

Costs
Production cost(including labor) 5,00,000 10,00,000 15,00,000
Marketing Cost 20,000 30,000 40,000
Selling Cost 10,000 15,000 20,000
Total Cost 5,30,000 10,45,000 15,60 ,000

Gross income 2,10,000 4,35,000 6,60,000

Interest 12,390 19,110 13,650

Net Profit 1,97,610 4,15,890 6,46,350

Cash Flow
Cashflow (Amount in Rs)
Sept 2018-Sept 2019 Sept 2019-2020 Sept 2020-2021
Opening Balance 50,000 5,23,610 13,99,110

Financing Cashflow
MVIF Disbursement 4,50,000 3,50,000 2,00,000
Instalment Paid 2,50,000 2,50,000 5,00,000
Interest Paid 12390 19,110 13,650
Cash from Financing 2,17,390 80,890 -313000

Operating CashFlow
Net Earnings 7,40,000 14,80,000 22,20,000
Cash from Operations 7,40,000 14,80,000 22,20,000

Net Closing Balance 5,23,610 13,99,110 19,07,000

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Repayment
It is expected that entrepreneur will be able to repay the entire amount along with the interest
in next 36 months.

Repayment Schedule
Compost Maker for Mushroom
Cultivation
Repayment Schedule
Annual Interest (in %) 5% Total MVIF 10,00,000
Amount
Monthly Interest (in %) 0.42%
Moratorium (in 4
Months)
Project period 36
(months)
Interest for 5%
moratorium period
1st installment 30-09-2018
(assumption)

Months Amount Interest Principal Repaymen MVIF

Outstanding(St @ 5% received t at the Disbursement
art of the Receivab end of at the
Month) le Month beginning of
Month

1 2500000 1050 0 0 2,50,000

2 2500000 1050 0 0 0
3 2500000 1050 0 0 0
4 2500000 1050 100000 104200 0
5 1,50,000 630 0 630 0
6 1,50,000 630 0 630 0
7 3,50,000 1470 50000 51470 200000
8 3,00,000 1260 0 1260 0
9 3,00,000 1260 0 1260 0
10 3,00,000 1260 100000 101260
11 2,00,000 840 0 840
12 2,00,000 840 0 840
13 2,00,000 840 50000 50840
14 4,00,000 1680 0 1680 250000
15 4,00,000 1680 0 1680
16 4,00,000 1680 0 1680
17 4,00,000 1680 50000 51680

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 18 3,50,000 1470 0 1470 100000
19 4,50,000 1890 0 1890
20 4,50,000 1890 50000 51890
21 4,00,000 1680 0 1680
22 4,00,000 1680 0 1680
23 4,00,000 1680 100000 101680
24 3,00,000 1260 0 1660
25 5,00,000 2100 0 2100 200000
26 5,00,000 2100 100000 102100
27 4,00,000 1680 0 1680
28 4,00,000 1680 100000 101680
29 3,00,000 1260 0 126
30 3,00,000 1260 0 1260
31 3,00,000 1260 100000 101260
32 2,00,000 840 50000 50840
33 1,50,000 630 50000 50630
34 1,00,000 420 50000 50420
35 50,000 210 0 210
36 50,000 210 50000 50210
45,150 10,00,00 10,45,150
0

Note:
Financial Analysis is based on the estimates and can vary depending upon the actual business.
Fund disbursement and Repayment is based on the projections and may change depending
upon the requirements and feasibility of the business.

26
Recommendation
By keeping in mind, the utility of the product and lack of competition, we recommend an
amount of Rs.10,00,000 to Mr.Ganshyam for this project.

Advance Orders

Advance
S.No. Name Address Contact Info (in Rs)
1 Pradeep Gannor, Sonipat 9034247366 1,00,000
2 Vijendra Khubru, Soinipat 1,00,000
3 Rakesh Kalwa, Pillukhera, Jind 8168154107 1,50,000

References

 A report on “Indian tractor Industry” by ICRA, Department of agriculture

and cooperation
 A report on “Farm Mechanization in India” by ICRA, Department of
agriculture and cooperation

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