Every businessman is always on the lookout for ways to expand their company, which necessitates funding. Banks, NBFCs, and private equity firms are trusted to provide this capital. Every entrepreneur must now prepare a comprehensive business plan, also known as a project report for a bank loan, a viability report, or a feasibility report, in order to obtain financing from banks and other financial institutions. When an entrepreneur comes up with a business idea, he usually gives it a lot of thought. However, if he does not put it in writing and do a thorough assessment of the costs and benefits gained, he will be unable to determine whether it is feasible or not.