Cred by Fastlegal: Generate Bank Ready Project Reports In Minutes
Access to bank finance is a big hurdle for small businesses, traders, professionals, and first time entrepreneurs in India. Even when the business idea is strong, the bank loan often gets delayed or rejected because the project report is incomplete, in the wrong format, or not aligned with the scheme requirements.
This is exactly the problem Cred by Fastlegal is built to solve.
Cred is a professional DPR generator designed for Indian government schemes such as Mukhyamantri Yuva Udyami Yojana, MUDRA, PMEGP, Stand Up India, PM Vishwakarma, CGTMSE and other MSME focused programmes. It has a Rajasthan first focus but is useful for entrepreneurs and consultants across India.
In this article, we explain what Cred is, who it is for, which schemes it supports, and how you can generate a bank ready project report in just a few minutes.
What is Cred by Fastlegal
Cred is an online project report and DPR generator that helps you create bank ready reports for government loan schemes without needing to build complex financial models in Excel.
Instead of spending 3 to 5 hours manually drafting schemes, projections, DSCR calculations and formatting, you can use Cred to:
- Select your scheme
- Enter basic details about the promoter and business
- Fill simple financial inputs
- Download a ready project report in Word, PDF or Excel
The reports generated by Cred follow the formats typically required by DIC offices, MSME departments and nationalized banks, especially in Rajasthan.
Designed for Indian government schemes
Cred supports project report generation for major central and state government credit schemes that small businesses and entrepreneurs actually use.
Key schemes currently supported include:
- Mukhyamantri Yuva Udyami Yojana (Rajasthan)
- Age 18 to 40
- Loan up to around Rs 1 crore
- Subsidy in the 15 to 25 percent range depending on category
- PM MUDRA Yojana
- Shishu, Kishor and Tarun categories
- Loan up to Rs 10 lakh
- Collateral free lending for micro and small businesses
- PMEGP (Prime Ministers Employment Generation Programme)
- Term loans up to around Rs 50 lakh
- Subsidy 25 to 35 percent routed through KVIC and DIC
- Stand Up India
- Focus on SC, ST and women entrepreneurs
- Loans roughly between Rs 10 lakh and Rs 1 crore
- PM Vishwakarma Yojana
- Traditional trades including carpenters, plumbers, artisans and others
- Skill training, concessional interest and credit support
- CGTMSE
- Credit guarantee cover for collateral free loans
- Up to around Rs 2 crore for eligible borrowers through participating banks
For each of these schemes, Cred is tuned to the typical project report expectations of banks and DIC offices, including section headings, financial ratios and presentation format.
Who should use Cred
Cred is useful for three main types of users.
1. Individual entrepreneurs and first time borrowers
If you are applying for a government backed loan for the first time, it is difficult to know how to draft the project report in a way that bankers understand. Cred gives you a guided way to build a report that speaks the language of banks.
2. Chartered accountants and tax professionals
CAs and consultants who prepare multiple project reports every month can save several hours per report. Instead of starting from a blank Word file and complex spreadsheets, you can use Cred templates and auto calculations to speed up your work.
3. Business consultants and DIC facing agents
If you routinely work with PMEGP, Mukhyamantri Yuva Udyami Yojana or similar schemes and interact with DIC or MSME departments, Cred gives you DIC format compliant reports so you can focus on clients rather than formatting.
Key features of Cred
Cred is more than just a template. It bundles intelligence, automation and compliance into one tool.
Important features include:
- Smart report drafts generated for business descriptions, market analysis and SWOT sections
- 11 step guided wizard covering scheme selection, promoter profile, business details, financial inputs and manpower planning
- Auto financial calculations for DSCR, break even point, internal rate of return, EMI schedule, 5 year projections and CMA style data
- Multi format export in Word (docx), PDF and Excel (xlsx)
- DIC and bank compliant structure aligned to requirements of DIC offices in Rajasthan and nationalized banks such as SBI, Bank of Baroda and Punjab National Bank
- Hindi and English support with bilingual labels and the option to generate reports in English or Hindi (Devanagari script)
How Cred works in 4 steps
Using Cred is designed to be simple for non technical users.
Step 1: Select your scheme
Choose your intended scheme such as Mukhyamantri Yuva Udyami Yojana, MUDRA, PMEGP, Stand Up India, PM Vishwakarma or CGTMSE. Also select business category and other basic classification details.
Step 2: Fill details
Enter promoter information such as age, qualifications and experience. Add business details including location, nature of business and proposed activity. Provide financial estimates such as project cost, working capital, expected revenue and expenses.
Step 3: Review your report
Cred generates a complete project report based on your inputs. You can review each section, edit descriptions, adjust assumptions and ensure everything is accurate.
Step 4: Download your report
Once you are satisfied, download the report in Word, PDF or Excel format and submit it to your bank, DIC office or MSME department.
The process can usually be completed in 20 to 30 minutes for a typical case, compared to several hours if done manually.
Pricing and plans
Cred offers simple and transparent pricing options which work for both one time users and regular practitioners.
- Free plan: Rs 0 per month with 1 report included
- Starter plan: Rs 499 per month with up to 5 reports every month
- Professional plan: Rs 1,499 per month with up to 20 reports every month
- Agency plan: Rs 3,999 per month with unlimited reports
For occasional use, you can also generate single reports at Rs 199 per report on a pay per use basis. For CA firms and consultants, white label options with your own branding start at around Rs 9,999 per year.
Why Cred works for Indian entrepreneurs
Cred is built around how Indian government financing actually works on the ground.
- Focus on government loan schemes that entrepreneurs and small businesses actively use
- Alignment with DIC and bank formats, particularly in Rajasthan
- Bilingual support so that reports are acceptable in both English and Hindi environments
- Built in financial calculations, so you do not have to create DSCR and projections from scratch
- Time savings for professionals who do high volume project report work
For someone applying for a loan under Mukhyamantri Yuva Udyami Yojana, MUDRA, PMEGP, Stand Up India, PM Vishwakarma or under a CGTMSE guarantee, a clean and structured project report can make a real difference to how smoothly the loan is processed.
Related: Project report for MUDRA loan in India (link to be added)
Related: PMEGP project report format for small businesses in India (link to be added)
Related: How to prepare DSCR and projections for MSME loans in India (link to be added)
Get started with Cred by Fastlegal
If you are planning to apply for a government backed loan or you regularly prepare DPRs for clients, Cred can help you reduce manual drafting work, improve the quality and consistency of your project reports and align your documentation with what banks and DIC offices expect.
You can get started here:
https://cred.fastlegal.in
Create your account, select your scheme and generate your first bank ready project report in minutes.
