| 1. |
Discuss the Preparation of a project report. |
|
Answer» An entrepreneur can get the report prepared by technical consultancy organisations or by auditors or by government agencies. The report should include the following: (i) Technical feasibility: It should contain the description of product, raw materials, quality control measures, water, power and transport. (ii) Economic viability: It involves compilation of demand for domestic and export market. (iii) Financial viability: It should cover the aspects like: Non-recurring expenses like cost of land, and building. Recurring expenses like wages and salaries. (iv) Managerial competency: Entrepreneurs has to include the mechanism for managing the venture in the project report. (v) Provisional registration certificate: He has to apply for provisional registration certificate. It will be issued after certain conditions for a period of one year. (vi) Permanent registration certificate: If the venture has commenced production, or is ready to commence production, it is eligible to get permanent registration certificate. (vii) Statutory licence: He should obtain Municipal Licence from the authority concerned. (viii) Power connection: He has to make application to Assistant Divisional Engineer of Electricity Board for power connection. (ix) Arrangement of finance: Entrepreneur requires two types of finance namely Long term and Short term. |
|