#project report for business loan

[setupfilling]

If you’re looking to apply for a loan, you’ll need to prepare a  Detailed project report or DPR to submit to the lender. This report is a crucial component of the loan application process, as it provides the lender with a detailed overview of your project and your ability to repay the loan. Our Team will help you in getting Project Report for bank loan that will be accurate and will be accepted by every bank and financial institutions. Read More >> https://setupfiling.in/project-report-for-bank-loan/

[vimesbootstheory]

"I have completed the initial review of your business plan and cash flow and overall, you've done a great job putting everything together! Often we have recommendations and changes to help strengthen one's application, however, I don't see any significant gaps in what you've presented."

this is great. I'm going to get a good grade in applying for a business loan, something that is both normal to want and possible to achieve.

[financesevaloan]

Project Report Sample  

A project report sample is a significant document needed for a bank loan or any other investment. It contains all the information about the scheduled business model and includes all the information such as technical aspects, managerial, economic, and financials of the business or project report in question.

Sample of a project report

Enterprise – Basic details

Profile of group – Field of expertise, years of existence, etc.

Project proponent – List & details of promoters and directors

Proposed shareholding – Details of promoter with no. of shares and amount.

Associate concern - (brief about parent company)

Management team – Details of a specific person

Executive summary – Summarize whole project report in short.

Description of project – Describing business model & objectives.

Statutory clearance - Environmental clearance, Forest & Wildlife clearance, and other applicable statutory permissions

Security offered to FI or Banks  

Description of product – History, properties, uses & application, standard and specification of the product.  

Location of the project – Materials, equipment, etc.

Market survey - Present Market Position, Market opportunity, Statistics of Import & Export, Export Prospect, Marketing Strategy, Competitor Analysis, Name & Address of Existing Units

Technical Feasibility – Land & building, raw material, water, steam, power, etc.

Process and technology description – Technology requirement and manufacturing process.

Commercial viability - Environmental aspect, Environmental cost benefit analysis, social aspect, SWOT Analysis, Subsidy

Proposed schedule for approval  

Size of magnitude of operation - Proposed Production Capacity, Cost of the Project  

Activities required for the project

Financial viability

[setupfiling]

Project Report for Bank Loan

Get started today with a detailed project report for bank loan tailored to meet the requirements of every bank and financial institution

[industrialsolutioniid]

A Complete Guide of Documents Required for Loan

Taking out a loan is essential to achieving personal or business financial goals. However, when you go to a bank for a loan, you need to see and understand many documents. Whether you are a homemaker, a business owner, or someone with personal needs, you may need a loan at any time. If you are thinking of taking a loan, you first need to understand your requirements, assess your assets, and then you will also need various documents. In today's blog, we will discuss in detail the documents required for various types of loans, so that whenever you go to take a loan, you are not disappointed.

Why are documents required for loan applications?

Lenders ask for various documents required for loan applications to assess your certified repayment ability and the viability of your monetary needs. These documents help them evaluate the risk associated with lending you money. Whether you’re applying for a personal loan, business loan, or a mortgage, being well-prepared with the necessary documents can expedite the approval process.

Documents Required for Loan Approval

When applying for a personal loan, here are the primary documents required for loan processing:

Proof of Identity: This includes government-issued IDs like a passport, driver’s license, or national ID card.

Proof of Address: Utility bills, rental agreements, or property tax receipts can serve this purpose.

Income Proof: Recent salary slips, bank statements, and tax returns demonstrate your ability to repay the loan.

Employment Verification: For employment verification, you might need a letter from your employer or an employment agreement.

Credit Report: A current credit report helps lenders evaluate your credit history and score.

Business Loans: Specific Documents Required for Loan Applications

For business loans, the documents required for loan approval are more comprehensive, reflecting the complexity and scale of the financial assessment:

Business Project Report: This outlines your business plan, including market analysis, financial projections, and business goals.

Bankable Project Report: A detailed version of your business project report that includes thorough financial analysis and risk assessment, making it more suitable for lenders.

Customized Bankable Project Report: Tailored to meet specific lender requirements, this report can increase your chances of loan approval.

Prototype Project Report: For startups or new business ventures, this report includes prototypes or models of your product or service, showcasing feasibility and innovation.

Read Blog- Mudra Loan - Apply Online, Interest Rate, Types, Eligibilty, Bank List

                    How to Make a Perfect Project Report for Business Loan

Mortgage Loans: Important Documents Required for Loan Processing

Applying for a mortgage requires a detailed examination of your financial status and property details. Here are the essential documents required for loan approval in this category:

Property Documents: Sale deed, property tax receipts, and a no-objection certificate (NOC) from the builder or society.

Down Payment Proof: Bank statements or receipts showing the source of the down payment funds.

Income and Employment Verification: Similar to personal loans, but often with additional documentation such as business financial statements if self-employed.

Credit Report and Score: A good credit score can significantly impact your mortgage terms and interest rates.

Insurance Documents: Proof of home insurance to protect the property against unforeseen events.

 Tips for Preparing Your Documents Required for Loan Applications

Organize Your Documents: Ensure all documents required for loan applications are well-organized and easily accessible. This includes making copies and keeping digital backups.

Check for Completeness: Double-check that you have all necessary documents required for loan approval before submitting your application to avoid delays.

Update Information: Make sure all your documents are current, including your credit report, bank statements, and tax returns.

Customise Your Reports: If you’re submitting a business loan application, consider preparing a customized bankable project report to align with specific lender requirements.

Common Challenges and Solutions

Missing Documents: One of the common challenges applicants face is missing some documents required for loan approval. To avoid this, create a checklist based on the lender’s requirements and cross-check each item.

Incomplete Business Reports: For business loans, an incomplete or poorly prepared business project report or bankable project report can hinder your application. Investing time and possibly consulting a financial expert to create a comprehensive and customized bankable project report can make a significant difference.

Low Credit Score: Having a low credit score can make it difficult to get approved for a loan. It's important to keep an eye on your credit report regularly and work on improving your score. You can do this by paying off debts, fixing any mistakes on your report, and being mindful of how much credit you use.

Conclusion

Understanding and preparing the documents required for loan applications is an important step in the loan approval process. Whether you’re seeking a personal loan, business loan, or mortgage, being organized and thorough with your documentation can significantly enhance your chances of success. From personal identification to a detailed business project report, every document plays an important role in presenting a clear and trustworthy picture to lenders.

Taking the time to gather and prepare the necessary documents not only streamlines the application process but also demonstrates your commitment and reliability to potential lenders. By using the advice given in this detailed guide, you can confidently manage the process of applying for a loan and come closer to reaching your financial objectives.

How to get a project report?

Get your Customized Bankable Project Report with IID

[techminsolutions]

Micro-Business Empowerment: Unveiling 5 Key Insights into CGTMSE Loan Schemes for Sustainable Growth

Micro-Business Empowerment: Unveiling the Pros and Cons of CGTMSE Loan Schemes for Sustainable Growth: Key Insights into CGTMSE Loan Schemes for Sustainable Growth India’s vast network of Micro, Small, and Medium Enterprises (MSMEs) forms the backbone of the nation’s economy. However, securing funding for these small businesses often proves challenging due to their perceived higher risk profile.…

[bankloan]

Crucial Need for CMA Reports in Business Management

In the dynamic landscape of modern business, making informed decisions is paramount for sustainable growth and profitability. The Cost Management Accounting (CMA) report stands as an invaluable tool that equips businesses with essential insights into their financial operations. This comprehensive document not only aids in understanding costs but also plays a pivotal role in strategic planning, resource allocation, and performance evaluation.

Understanding CMA Reports

The CMA report is a detailed analysis that delves into a company's cost structure, revenue streams, and overall financial health. Unlike traditional financial statements, which focus on historical data, CMA reports provide real-time and forward-looking information. This enables business leaders to make proactive decisions that can positively impact the company's future.

The Need for CMA Reports

Effective Cost Management: In a competitive market, optimizing costs is essential for maintaining profitability. A CMA report identifies cost drivers, analyzes cost behavior, and pinpoints areas where expenses can be minimized without compromising product or service quality.

Strategic Decision-making: Businesses must adapt to changing market conditions swiftly. A CMA report aids decision-makers by providing accurate data on costs, revenue trends, and market dynamics. This empowers them to adjust strategies and seize opportunities effectively.

Performance Evaluation: Evaluating the performance of various departments or product lines is critical for identifying strengths and weaknesses. CMA reports provide insights into which areas are contributing the most to the company's bottom line and which might need improvement.

Resource Allocation: Efficient resource allocation ensures optimal utilization of assets. CMA reports assist in determining where resources are most effective and how to allocate them strategically for maximum returns.

Budgeting and Forecasting: Planning budgets and forecasts becomes more accurate with CMA reports. These reports provide a clear understanding of expected costs, revenues, and profitability, enabling businesses to plan ahead effectively.

Pricing Strategies: Determining the right price for products or services requires a deep understanding of costs. CMA reports help in setting competitive prices that cover costs and maintain profitability.

Risk Management: Businesses operate in an environment fraught with risks. By analyzing costs and revenue patterns, CMA reports enable businesses to identify potential financial risks and take preventive measures.

Creating a CMA Report

Constructing a comprehensive CMA report involves various steps:

Data Collection: Gather accurate data on costs, revenues, production volumes, and other relevant factors.

Cost Classification: Categorize costs into fixed, variable, and semi-variable, as well as direct and indirect costs.

Cost Analysis: Analyze cost behavior, break down costs by department or product line, and assess cost-volume-profit relationships.

Variance Analysis: Compare actual costs with budgeted costs to identify variations and their underlying causes.

Trend Analysis: Examine historical data to identify patterns and trends that can guide future decisions.

Conclusion

The world of business demands precision, adaptability, and informed decision-making. In this context, CMA reports emerge as a critical tool for success. By offering insights into cost structures, revenue streams, and overall financial performance, these reports empower businesses to navigate challenges, capitalize on opportunities, and pave the way for sustained growth in a competitive landscape

[zvaigzdelasas]

“How did we lose to China in Indonesia!?”

This is the question being worriedly debated in government offices and executive suites throughout Japan. [...]

Japan’s project plan called for a five year construction period, including a full one year trial operation period. If construction were to start in 2018 the line would be ready to take passengers in 2023. Total cost would be some Rupiah 64 trillion (JPY 534.6 billion, or $4.5 billion).   The Japanese government operating through JICA (the Japanese International Cooperation Agency) would finance 75% of the cost with a 0.1% long term yen loan (terms and conditions in conformity with international convention for concessionary financing). The remaining 25% would have to be raised by the Indonesian government and private enterprises.   Importantly, Japan’s concessionary loan would--in accordance with international conventions for official government lending--require an Indonesian government guarantee.   Then, in October 2014, as the Japanese agencies and companies prepared for the project, something happened in Indonesia:  the swearing in as president of Joko Widoko.  Campaigning for office Joko had called for greater infrastructure investment, and it was taken for granted that he was a supporter of the Java high speed rail project. However, Joko had campaigned as a “man of the people” whose priority would be improving welfare for Indonesia’s common and rural people over the more affluent people in the big cities.[...]

on March 26, Joko visited Beijing and met Chinese president Xi Jinping.  Xi publicly announced support for the Indonesian high speed project and the two governments signed a memorandum specifying China’s interest in the Jakarta-Bandung line. Well before the Joko-Xi meeting China had entered competition for the project. China’s proposal was for a total project cost of Rupiah 74 trillion (JPY 618.2 billion, $5.2 billion). The cost was higher than Japan’s, but China committed to financing the entire amount at an interest rate of 2%.  Moreover, the project would be completed in three years--meaning taking passengers in 2018 [lol]. [...]

That China was awarded the project and Japan rejected seems to owe mainly to China’s willingness to accept the financial risk of the project (i.e., to forego an Indonesian government guarantee and also, thereby, possibly to finesse international ODA norms) and of Japan’s inability or unwillingness to do so.   The Toyo Keizei piece makes the point that such projects’ risks are not small. Taiwan is an example. Taiwan’s high-speed rail line enjoys relatively heavy business passenger traffic, which allows relatively expensive ticket prices. But the high prices seem to have discouraged non-business passengers, such that ridership numbers have fallen short of forecasts and revenues have proven insufficient to cover debt service requirements.   Compared with Taiwan, Indonesia is a very poor country. Given that business traffic will be relatively limited, ticket prices will have to be set low to be affordable for average citizens (and to avoid political backlash). Generating sufficient cash flow for debt service looks like a formidable challenge. That China is willing to take the risk speaks volumes about how China views infrastructure aid in the Asian region.  According to press reports China sweetened its offer in other ways as well, including committing to establish a joint venture with Indonesian firms to produce rolling stock for high-speed rail, electric rail, light rail systems, not only for Indonesia, but also for export to other Asian countries; to transfer related technology [!!]; and also to renovate and rebuild train stations.

2015

[darkmaga-returns]

Pam Bondi knows where the bodies are buried and she will be in a position to do major damage as AG. Here are some of her best moments.

Pam Bondi expertly laid out how Joe and Hunter Biden were using a Ukranian Energy company as a money laundering pay-for-play scheme while Joe was Vice President. Not only this but he had Hunter Biden help siphon money out of the CCP while in China. Joe Biden was the point man in Iraq during his VP tenure and set up business deals in that exact country through his close family members. All these crimes can be found for anyone to see on Hunter Biden's laptop from hell. "As a career prosecutor and former attorney general of Florida, I fought corruption, and I know what it looks like, whether it's done by people wearing pin striped suits or orange jumpsuits. At the Democrats convention, we were told to look at Joe Biden as the model of integrity, but when you look at his forty seven year career in politics, the people who benefited are his family members, not the American people. Let's take a closer look. We all know about Joe's son Hunter Biden, a corrupt Ukrainian oligarch, who put hunter on the board of his gas company, even though he had no experience in Ukraine, or in the energy sector. None, yet he was paid millions to do nothing. He only had one qualification that mattered. He was the son of the man in charge of distributing US aid to Ukraine. And recently reported information revealed that a few months after Hunter Biden joined that corrupt company's board, the Obama Biden State Department began doing business with the home. Even when it remained under investigation for corruption. And it gets worse. That very same company was being investigated by a Ukrainian prosecutor. Joe Biden, the Vice President of the United States threatened to withhold aid to Ukraine unless that same prosecutor was fired. And then he was fired. Hunter only resigned from that board, just before his dad announced his campaign for president. Now let's talk about China. Fact. Joe Biden flew to China on Air Force Two with Hunter along for the ride. They said he was just there as a family member but we know that's untrue. In Beijing, Hunter didn't just go sightseeing. He had meetings with his Chinese bank partners. Hunter even arranged for his dad to meet with one of the partners. Ten days later, those Chinese communist bankers approved millions to go to Hunter's firm. And those bankers worked for the Chinese Communist Party. Which oppresses their people, cheated American workers for decades, and covered up a deadly virus. To this day, Hunter controls a ten percent stake in that firm. And Joe Biden's done more than look the other way on China. He said, the Chinese aren't our competition. Come on man They're not bad folks… Come on Joe. Talk to the folks in middle America. Who lost countless jobs to China while your son was getting rich with them. But there's more. Fact. There are the numerous press reports that have shown other close Biden family members benefited from Joe's forty seven year political career. Joe Biden was the point person on Iraq. The president of a construction firm met with Biden's team in the White House and then who did they hire to build thousands of houses in Iraq? Joe Biden's close family member, who you guessed it had no experience in the industry, and no experience in Iraq. A company official bragged that it helps to have a family member of the vice president and his partner…The family member put it more bluntly by saying there's a line of seven forty sevens filled with cash, ready to invest… Now let's follow the money down south. Again as reported in the press yet another close family member of Joe's, set his sights on Costa Rica and Jamaica, where millions of dollars flowed from the Obama Biden Administration in taxpayer back loans to projects linked to? Yes that same family member. These aren't isolated incidents. It is a deliberate pattern of conduct… And that's just what he did as vice president. Imagine what he'd do as President."

[follow-up-news]

More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years. The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic. The inspector general’s report said “at least 17 percent of all COVID-EIDL and PPP funds were disbursed to potentially fraudulent actors.” The fraud estimate for the COVID-19 Economic Injury Disaster Loan program is more than $136 billion, which represents 33 percent of the total money spent on that program, according to the report. The Paycheck Protection fraud estimate is $64 billion, the inspector general said.

[ironworked]

Only 41 scripted series will air in the fall lineups of the big five networks — ABC, CBS, NBC, Fox and The CW — this year, marking a nearly 50% decline from a peak of 76 just seven years ago.

The contraction is particularly pronounced at Disney’s ABC, where just five scripted shows are set to debut before the new year — down from 11 two years ago — and only one night a week, Thursday, will include no unscripted titles in primetime.

It’s not unreasonable to suggest that the drop in scripted series is a lingering aftereffect of last year’s strikes and that the tally could rebound, at least partially, over the next couple of years, as writers continue to work on developing new projects. CBS, after all, is still producing almost as many dramatic series as ever, while NBC’s tally is the highest it’s been since before the pandemic.

But if reports on the ground in the industry are any indication, the chill in the content market has yet to show much evidence of thawing, as new overall deals remain elusive in the post-peak TV environment. Nor is this the only indication that the broadcast landscape may be undergoing a more permanent shift.

[...]

It wouldn’t be at all surprising to see broadcast networks become secondary windows for streaming content.

[...] Indeed, cable networks’ fate in general may be a roadmap for the future of broadcast: Original scripted content shuttered post-peak TV, programming time filled by unscripted shows and recycled content, unique identities hollowed out in the name of cost savings. It may take time to arrive there, but broadcast’s journey down that road has already begun.

(That's basically the whole article, heh! but under the Read More, a very clear and concise explanation of what's happened with The CW)

The CW’s previous business model was built on co-owners Warner Bros. and CBS (now Paramount Global) producing shows for the network and leveraging the licensing rights to generate cash. The two companies struck a lucrative deal in 2016 to loan CW shows to Netflix, a pact Variety once described as “one of the richest TV output deals ever.”

But that all changed with the advent of the streaming wars. In 2019, Warners and Paramount ended the Netflix deal in order to retain CW shows for their own streaming platforms, cutting off the revenue stream that funded the series in the first place.

This led directly to a gutting of the network ahead of the Nexstar sale — in May of 2022, The CW canceled half its slate — and the station group took control later that year, with a mandate to take a more cost-conscious approach to programming.

[setupfilling]

Setupfiling.in is an online leading platform that provide #Business Registration, #GST Registration, #Trademark Registration, #DPIIT Recognition, #Project report Preparation, #Income Tax Return Filing and Other #tax compliance services. Visit us https://setupfiling.in/ or Contact Us +91 9818209246

[mostlysignssomeportents]

Canada's privatised shadow civil service

PJ O’Rourke once quipped that “The Republicans are the party that says government doesn’t work and then they get elected and prove it.” But conservative parties have unlikely allies in the project to discredit public service: neoliberal “centrist” parties, like Canada’s Liberal Party.

If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/01/31/mckinsey-and-canada/#comment-dit-beltway-bandits-en-canadien

The Liberals have become embroiled in a series of scandals over the explosion of lucrative, secretive private contracts awarded to high-flying consultancy firms who charge hundreds of times more than public sector employees to do laughably bad work.

Front and centre in the scandal, is, of course, McKinsey, consligieri to opioid barons, murdering Saudi princes, and other unsavoury types. McKinsey was brought in to “consult” on strategy for the Business Development Bank of Canada (BDC), a Crown corporation that gives loans to Canadian businesses.

https://www.cbc.ca/news/politics/business-development-bank-canada-hudon-mckinsey-1.6720914

While there, McKinsey performed as per usual, veering from the farcical to the grotesquely wasteful. Most visible was the decision to spend $320,000 on a livecast fireside chat between BDC president Isabelle Hudon and a former Muchmusic VJ that was transmitted to all BDC employees, which featured Hudon and the host discussing a shopping trip they’d taken together in Paris.

Meanwhile, BDC has been hemorrhaging top people, which leaving the organisation with many holes in its leadership — the kind of thing that would pose an impediment to its lofty goals of substantially increasing the support it gives to businesses run by women, First Nations people and people of color.

Hudon — a Trudeau appointee — vowed to “start from scratch” when she took over the organisation, but then went ahead and did what her predecessors had done: hired outside consultants who billed outrageous sums to repurpose anodyne slide-decks full of useless, generic advice, or unrealistic advice that no one could turn into actual policy. They also sucked up BDC employees’ time with endless interviews.

The BDC has (reluctantly) disclosed $4.9m in contracts to McKinsey. The CBC also learned that Hudon parachuted several cronies from her previous job at Sun Life into top roles in the organisation, and that BDC had reneged on promised promotions for many long-term staffers. Hudon also repeatedly flew a chauffeur across the country from Montreal to BC to drive her around.

In Quebec, premier François Legault hired an army of McKinsey consultants at $35,000 per day to advise him on covid strategy, for a total bill of $8.6m. McKinsey’s contract with the province stipulated that they wouldn’t have to disclose their other clients, even in the event that they had conflicts of interest:

https://www.cbc.ca/news/canada/montreal/caq-legault-mckinsey-pandemic-consulting-1.6602374

The contract was kept secret, as was the long-running, $38m contract between McKinsey and the Hydro Quebec power authority:

https://ici.radio-canada.ca/nouvelle/1927738/mckinsey-hydro-quebec-consultants-barrages-affaires

Most of the bad press McKinsey gets revolves around the evil advice it gives — like when it advised opioid companies to pay cash bonuses to pharma distributors for every death-by-overdose in their territory (no, I’m not making this up):

https://pluralistic.net/2022/06/30/mckinsey-mafia/#everybody-must-get-stoned

But these rare moments of competence should be understood in the broader context in which McKinsey isn’t evil, they are merely utterly, totally fucking useless. The 2022 French Senate report on McKinsey really digs into this:

http://www.senat.fr/commission/enquete/2021_influence_des_cabinets_de_conseil_prives.html

They find that a quarter of the work McKinsey turned in was “unacceptable or barely acceptable in quality.” This is in line with the overall tenor of work performed by consultants. For example, when it came to giant Capgemini, the French Senate found that the work it provided was “of near-zero added value, indeed sometimes counterproductive.”

And yet, despite the expense and “near-zero added value,” hiring outside consultants is a reflex for neoliberal centrist leaders. Trudeau has presided over a massive expansion of the Canadian government’s reliance on outside consultants:

https://www.theglobeandmail.com/politics/article-liberals-spend-billions-more-on-outsourced-contracts-since-taking/

After campaigning on a promise to reduce outside consultancy, the Trudeau administration increased consultant spending by 40%, to $11.8 billion. This shadow civil service is not just more expensive and less competent that the real civil service — it is also far more opaque, able to fend off open records requests with vague gestures towards “trade secrecy.”

Since 2015, McKinsey has raked in $101.4m in federal contracts, even as the civil service has been starved of pay. Meanwhile, federal departments insist that they need to “protect Canada’s economic interests” by not disclosing outside contracts, and list their total spend at $0.00.

https://nationalpost.com/news/outsourcing-contracts-mckinsey-billions

The Professional Institute of the Public Service of Canada estimates that between 2011–21, the Canadian government squandered $18b on outside IT contracting that could have been performed by public servants. In 2022, the Government of Canada spent $2.3b on outsource IT contracts, while the wage bill for its own IT staff came in at $1.85b.

It’s not like these outside IT contractors are good at their jobs, either. The most notorious example is the ArriveCAN covid-tracking app for travellers, the contract for which was awarded to GCstrategies, a two-person shop in Ottawa, who promptly turned around and outsourced it to KPMG and other contractors, whom they billed to the government at $1,000–1,500/day, raking off 15–30% in commissions.

For months, the origins of the ArriveCAN app were a mystery, with the government insisting that the details of the contractors involved were “confidential.” But ArriveCAN was such a steaming pile of shit, and so many travellers (a population more likely to be well-off and politically connected than the median Canadian) had to deal with it, that eventually the truth came out.

The ArriveCAN scandal is ongoing — just last year, it cost the Canadian public $54m:

https://www.theglobeandmail.com/politics/article-arrivecan-subcontractors-multinationals/

Trudeau’s Liberals didn’t invent outsourcing high-stakes IT projects to incompetent grifters. Under Conservative PM Stephen Harper, Canada paid IBM to build Phoenix, an utterly defective payroll system for federal employees that stole millions from civil servants, bringing government to a virtual standstill. Thus far, the Government of Canada — which paid IBM $309m to develop Phoenix, as a “cost savings measure” — has paid $506m in damages to make good on Phoenix’s errors:

https://www.theglobeandmail.com/politics/article-ottawa-paid-out-400-million-in-phoenix-pay-compensation-to-federal/

The Liberals didn’t invent Phoenix — but they did deploy it, after campaigning on the wastefulness and incompetence of the Tories’ outsourcing bonanza. And after Phoenix crashed and burned, the Liberals increased outsourcing spending.

All of this is well-crystallized in last week’s Canadaland discussion between Jesse Brown and Nora Loreto:

https://www.canadaland.com/podcast/853-the-indulgent-consultant/

And on his Substack, Paul Wells proposes that the Senate — a largely ornamental institution in Canadian politics — is the unlikely check of last resort on the Liberals’ fetish for outsourcing:

There are former deputy ministers at the federal and provincial levels, secretaries to cabinet, a former Clerk of the Privy Council, a former chief of staff to a prime minister. A lot of them can remember the days when big decisions weren’t farmed out to firms that make their founders rich and are spared the rigours of accountability for their counsel. Surely some of them would like to shine a light?

https://paulwells.substack.com/p/shine-a-brighter-light-on-contract?

Image: Sam (modified) https://commons.wikimedia.org/wiki/File:The_Canadian_House_of_Commons.jpg

Presidencia de la República Mexicana (modified) https://commons.wikimedia.org/wiki/File:Justin_Trudeau_June_2016.jpg

CC BY 2.0 https://creativecommons.org/licenses/by/2.0/deed.en

[Image ID: The legislative chamber of Canada's House of Commons; behind the speaker's chair, the back wall has been replaced by an enormous $100 bill. The portrait on the $100 bill has been replaced with an unflattering, braying picture of Justin Trudeau. The Bank of Canada legend across the top of the note has been replaced by the McKinsey and Company wordmark.]

[financesevaloan]

Credit Report Online

What is a credit report?

A credit report is a statement of credit activities and current credit situation and the status of your credit accounts. Lenders use this credit report online to ensure that they will loan the money on what interest rate. They also determine that the customer meets the terms and conditions of an existing credit account. Most of the people have more than one credit report. Credit reporting companies, also known as credit bureaus or consumer reporting agencies, collect and store financial data about customers that is submitted to them by creditors, such as lenders, credit card companies, and other financial companies. Creditors are not required to report to every credit reporting company.

Can you check credit reports online?

You are entitled to a free credit report every 12 months from each of the three major consumer reporting companies (Equifax, Experian and TransUnion). You can request and review your free what is credit report through many ways or various sites through internet such as CRED click on 'check credit score'. next, enter your name, phone number, and email ID, then click on confirm. You will receive your CIBIL score report on your registered email ID and via WhatsApp. Or You can request a copy from AnnualCreditReport.com. You can request and review your free report through one of the following ways: Online: Visit AnnualCreditReport.com.

One important thing which we need to remember that It is very important to check the report and see whether the details mentioned are correct. This can help individuals guard against fraud and identity theft. They can check their reports and get the errors rectified by informing the credit agency or the bank.

[thesobsister]

Hey, kids, comics!

From Heritage Auctions this morning. And wow, could that AP profile have been any more condescending?:

"In February 1983, the Associated Press profiled a woman named Christine Farrell, described in the headline as a 'comic-crazed collector' from Burlington, Vermont, who 'lives in a land of simple truths, where swashbuckling superheroes match wits with the world's most cunning criminals.' Farrell showed off a handful of first-edition treasures, including her Superman No. 1, but said she didn't collect comics because they might one day become valuable. She just liked to read them. 'Everybody needs an outlet of some kind or other,' Farrell told the Associated Press. 'You project yourself into a fantasy world where the superhero always wins. It's an escape.' At the time, the AP reported that Farrell had about 8,000 comics 'crammed into cartons stacked to the ceiling in an upstairs bedroom.' By the time she died in April of this year, her collection had grown exponentially: In her basement vault and scattered throughout her house, Farrell left behind tens of thousands of books, among them nearly every single one DC Comics had ever published, beginning with 1935's New Fun Comics No. 1 and including 1940's Double Action Comics No. 2, of which there are only seven copies said to have survived. Farrell, who told the AP she funded her hobby 'on the earnings of a family-owned bottling business,' began her quest in 1970 and completed it in 2007. Farrell even loaned her books to DC when they couldn't find copies to make reprints. Yet outside of the AP profile and another by a small New York PBS outlet a decade later, Farrell granted few interviews and was never identified publicly as the keeper of this DC collection. Over time, her valuable and vaunted assemblage became 'shrouded in mystery,' as the Vermont alternative weekly Seven Days wrote in 2022. Now, that mystery is no more: From October 25-26, Heritage will present The Christine Farrell Complete DC Collection, an auction featuring nearly 500 comic books, including some of comicdom's rarest, and works of original comic art, including key pages from Bernie Wrightson's Swamp Thing No. 1 and Frank Miller's Batman: The Dark Knight Returns No 4 . Bidding is now open, and Heritage will present books from Farrell's collection well into the summer of 2025, says Heritage Auctions Vice President Lon Allen."

Sounds like a very interesting lady. It's a shame her collection will be scattered to the four winds to end up—graded and sealed, never to be read—in some moneyed collectors' vaults, completely counter to the spirit in which she collected these comics. I wish the Library of Congress could/would buy the collection in toto to share with readers.

Great comic art at the auction link, including this Double Action Comics cover:

[pmegploan]

Best PMEGP loan : Government Support for Starting Your Own Business.

At sharda Associates The Prime Minister's Employment Generation Programme (PMEGP) is a government scheme in India that gives financial help to individuals who want to create small companies. It aims to create jobs and encourage self-employment, particularly in rural and semi-urban areas. Here's a simplified view of the scheme

What is PMEGP?

PMEGP Loan provides financial assistance to people starting new small enterprises by offering a loan with a subsidy. The Ministry of Micro, Small, and Medium Enterprises (MSME) manages it, while the Khadi and Village Industries Commission (KVIC) oversees its implementation.

Key Features:

1 Loan Amount

Manufacturing enterprises might receive up to ₹25 lakh.

Service enterprises, such as beauty salons or repair shops, can receive up to ₹10 lakh.

2 Government subsidy:

Rural areas:

25% of general category applications.

35% for special categories (such as SC/ST, women, and those from the Northeast).

Urban areas

15% for general category applications.

Special categories are eligible for 25% off.

Who can apply?

1 Eligibility:

Any Indian citizen above the age of 18.

Applicants for projects costing more than ₹10 lakh (manufacturing) or ₹5 lakh (services) must have finished 8th grade.

Self-help groups (SHGs), cooperative organizations, and charitable trusts can all apply.

2 Personal Investments:

General candidates must invest 10% of the project cost themselves.

Special category applicants must invest only 5%.

How do I apply?

1 Application Process:\

Apply online using the PMEGP portal at Official kvic Main.

Upload documents such as ID, address verification, educational certificates, and a business plan.

2 Selection and Loan approval:

A District-Level Task Force Committee will contact you to schedule an interview.

Once approved, the bank sanctions the loan and credits the government subsidy to your loan account.

3 Repayment:

The loan must be repaid within 3-7 years, however the subsidy does not have to be paid back.

4 Training:

All PMEGP grantees are required to complete a brief company management training program.

Example of How PMEGP Loans Work

Suppose you wish to start a small manufacturing plant in a rural region for ₹20 lakh.

For those in the general category, the government will provide a 25% subsidy, amounting to ₹5 lakh.

The bank offers a loan of ₹15 lakh, and you simply need to invest ₹2 lakh from your savings.

Why is PMEGP beneficial?

project report for PMEGP loan assists people in starting enterprises without the requirement for a large initial investment. This loan is ideal for young enterprises as it requires no collateral (up to ₹10 lakh) and offers long payback terms.

Summary

The PMEGP initiative is a useful approach to start a small business with government assistance, particularly if you come from a rural or underprivileged background. It encourages employment generation and economic development. For additional information, please visit the official PMEGP website or contact your nearest KVIC office.

PMEGP: Helping You Start Your Own Business with Government Support. For details and to reach us, visit https://shardaassociates.in/ contact us : 91 79870 21896 , address : HIG B-59, Sector A, Vidya Nagar, Bhopal, Madhya Pradesh 462026