(i) The project reports need to be prepared according to the format prescribed in the loan application form of term lending institutions.
(ii) An entrepreneur can get the report prepared either by technical consultancy organisation or by auditors or by consultants or by development agencies.
(iii) This report should cover aspects like sources of finance, technical know-how, sources of labor and raw materials, market potential and profitability.
The project report should include the following
Technical Feasibility:
It should mention the following
(i) Description of product specification
(ii) Raw materials availability
(iii) Manufacturing process
(iv) Quality control measures
(v) Availability of water, power, transport ,and communication facilities.
Economic Viability:
It essentially involves compilation of demand for domestic and export market, installed capacity of machines, market share, revenue expected, and suitable price structure.
Financial Viability:
It should cover aspects like
(i) Non-recurring cost such as Land and Building, Plant and Machinery, etc.
(ii) Recurring expenses like wages, salaries, and overheads, etc.
(iii) Probable cost of production
(iv) Profit on expected sales.
Managerial Competency
1. Entrepreneur has to include the mechanism for managing the venture in the project report.
2. In the case of small sized ventures, the owner or partners may take care of managerial activities while a team of managerial personnel is to be brought in for manning various managerial positions across different levels of management in the case of corporate form of organisation.
3. He has to provide details of the organisational structure contemplated in the project report for implementing the venture.
Provisional Registration Certificate
1. Entrepreneur has to apply for Provisional Registration certificate. It will be issued to entrepreneur after the fulfilment of certain conditions for a period of one year subject to renewal of two periods of six months duration.
2. If an entrepreneur is not able to commence production beyond the extension period, further extension will not be granted
Permanent Registration Certificate
Once the venture has commenced production or when it is ready to commence production, it is eligible to get permanent registration cerificate.
Statutory Licence
1. Entrepreneur has to obtain Municipal License from the authority concerned.
2. Then the Entrepreneur has to register the unit with the Central and Sales Tax Department.
3. If a unit comes,within the provisions of Factories Act, he/she has to register it with Inspector of Factories or it has to register the unit under the Shops and Establishment Act.
Power Connection
Entrepreneur has to make application to Assistant Divisional Engineer of State Electricity Board for power connection after paying Security Deposit and fulfilling the official formalities prescribed.
Arrangement of Finance
1. Entrepreneur requires two types of finance namely long term and short term.
2. While long-term requirements are needed for acquiring fixed assets, short term requirement are meant for meeting working capital needs.

The various steps involved in starting a venture have been highlighted.
(i) Selection of the product:
An entrepreneur may select a product according to his aspiration, capacity, and motivation after a thorough scrunity of the micro and macro environment of business.
(ii) Selection of form ownership: 
Entrepreneur has to choose the form of organization suitable and appropriate for his venture namely family ownership, partnership, and private limited company.
(iii) Selection of Site:
(i) Entrepreneur has to choose suitable plot for accommodating his venture.
(ii) Entrepreneur may buy private land and develop it for industrial use.While choosing the site, consider Nearness to native place, Incentives provided by theGovernment, Nearness to market, Infrastructure Facilities.
For example Nearness to native place, Incentives provided by the Government, Near to market.
(iv) Designing Capital Structure:
Entrepreneur has to determine the souce of fhnance for funding the venture, He/she may mobiline funds from his own savings, lons from friends and relatives, term loans from banks and financial institutions.
(v) Acquisition of Manufacturing know-how: 
Entrepreneur can acquire manufacturing know-how from Government research laboratories, research and development divisions of industries, and individual consultants.
(vi) Preparation of project report:
Project reports nreds to be prepared accoring to the form t prescribed in the loan application from of term lending instítutions,An entrepreneur can get the report prepared either by technical consultancy oryanisation or by auditors or by consultants or by developrneht agencies.

(i) Make in India:
(a) This scheme is designed to transform India into global design and manufacturing hub, the Make in India initiative was launched in September 2014.
(b) It came as a powerful call to India's citizens and business leaders, and an invitation to potential partners and investors around the world to centraliz information about opportunities in India's manufacturing sector
(ii) Atal Innovation Mission (AIM):
AIM is the Government ofIndia's endeavour to promote a culture of innovatíon and entreprerneurship,and itserves as a platform for promotion of world-class Innovatíon
Hubs, GrandChallenges, start-up businesses and other self-employment activities, particularly in technology driven areas.
(iii) Support to Training and Employment Programme for Women (STEP) : STEP was launched by the Government of India's Ministry of Women and Child Development to train women who have access to formal skill training facilities, especially in rural India.
(iv) Digital India :
(a) The Digital India initiative has been launched to moderníze the Indian economy to make all government services available electronically.
(b) The initiative aims at transforming India into a digitally-empowered society and knowledge economy with universal access to goods and services.
(v) Science for Equity Emnpowerment and
Development(SEED):
(a) SEED aims to provide opportunities tomotivated scientists and field level workers to undertake action-oriented, location specific projects for socio economic gain, particularly in rural areas.
(b) SEED emphasizes equity in development, so that the benefits oftechnology accrue to a vast section of the population, particularly the disadvantaged.