By Sharda Associates | CA Firm, Bhopal
You are applying for a large business loan. Your bank has processed your Project Report and CMA Report. And now the loan officer says — we also need a TEV Report before we can proceed.
You search online. You find very little clear information. Most articles are either too technical or too vague to actually help you understand what a TEV Report is, why your bank needs it, who prepares it, and what goes inside it.
This complete guide answers every question you have about TEV reports for bank loans in India in 2026 — in plain, simple language — so you can move forward with your loan application with full clarity.
At Sharda Associates, a CA firm in Bhopal, Madhya Pradesh, we prepare complete TEV Reports alongside CA-certified Project Reports, Detailed Project Reports, CMA Reports, and Feasibility Reports — giving your loan application a strong, consistent, bank-ready documentation package accepted by all major banks across India.
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What is a TEV Report—Simple Definition
TEV stands for Techno Economic Viability. A TEV Report is a comprehensive assessment that evaluates a project from both technical and economic angles to determine whether it is viable enough for a bank to sanction a large loan against it.
In simple language a TEV Report answers two fundamental questions for the bank. First — is this project technically sound? Can it actually be built and operated as proposed? Second — is this project economically viable? Will it generate enough revenue and cash flow to repay the loan on time?
A TEV Report is essentially a combined technical feasibility study and economic viability analysis — prepared by a qualified independent assessor and submitted to the bank as part of a large loan application.
Unlike a standard Feasibility Report which is prepared by your CA firm, a TEV Report is typically required by banks for larger loans where they want an independent, third-party verification of both the technical and financial aspects of your project — before committing to a significant lending decision.
When Do Banks Require a TEV Report
Not every loan application requires a TEV Report. Banks typically require a TEV study for the following types of loan applications.
Term loans above Rs.2 crore from most public sector banks including SBI, PNB, Bank of Baroda, and Union Bank. Project finance applications for new manufacturing units, large service businesses, food processing plants, cold storage facilities, hospitals, hotels, and infrastructure projects. SIDBI loans for manufacturing sector MSMEs above a threshold amount.
Loans involving significant capital expenditure on plant, machinery, and civil construction. Loans where the bank’s internal credit committee requires independent technical validation before approval. Rehabilitation loans for sick units where the bank needs independent assessment of revival viability.
For loans below Rs.2 crore — a standard Project Report and Feasibility Report are usually sufficient without a separate TEV Report. Check with your specific bank before commissioning a TEV study.
TEV Report vs Project Report vs Feasibility Report vs DPR
This is the most common confusion among entrepreneurs applying for large business loans. Here is a clear side-by-side explanation of all four documents.
| Document | Purpose | Prepared by | Loan Size |
| Project Report | Business plan for bank | CA firm | All loans above Rs.5 lakh |
| Feasibility Report | 5-type viability analysis | CA firm | Government schemes, above Rs.10 lakh |
| Detailed Project Report | Comprehensive business plan | CA firm | Above Rs.25 lakh |
| TEV Report | Independent techno-economic assessment | Technical expert or CA firm | Above Rs.2 crore |
| CMA Report | 7-statement RBI financial analysis | CA firm | All loans above Rs.10 lakh |
The key difference between a TEV Report and a Feasibility Report is the level of technical depth and the element of independent third-party assessment. A Feasibility Report is prepared by your own CA firm as part of your loan application package. A TEV Report is commissioned by the bank — or submitted by the applicant — as an independent technical and economic validation of the project.
What Does a TEV Report Cover — All Sections Explained
A complete TEV Report for a bank loan application covers the following sections.
Technical Assessment
The technical section of a TEV Report is the most detailed component. It covers the complete process technology — the specific manufacturing or service delivery technology being used, whether it is proven and commercially established, and whether there are alternative technologies available. It also covers plant capacity assessment verifying that the proposed installed capacity is achievable and realistic; utility requirements including power, water, fuel, and other infrastructure needs verified against
the specific location, raw material assessment, covering availability, quality, pricing, and supply chain reliability, machinery and equipment assessment verifying that the proposed machinery is appropriate for the stated production capacity and that the cost estimates are grounded in current market rates, and site assessment covering land availability, soil conditions, connectivity, and regulatory compliance.
Economic Viability Assessment
The economic section mirrors the financial analysis in a Detailed Project Report — but prepared independently and focused specifically on confirming that the project will generate sufficient cash flow to repay the loan.
It covers cost of project assessment verifying that all cost estimates are realistic and complete, revenue projections assessment verifying that the projected sales volumes and selling prices are grounded in actual market data, profitability assessment covering Profit and Loss projections for the full repayment period, cash flow analysis confirming that the business will generate positive net cash flow throughout
the repayment period; DSCR calculation for every year of the loan repayment period verified against the bank’s minimum threshold, break-even analysis showing the minimum capacity utilisation needed for the project to cover all costs, and sensitivity analysis showing how the project performs if key assumptions like selling price or production capacity change adversely.
Market Assessment
A TEV Report typically includes a market assessment section that goes beyond what is covered in a standard Project Report. It covers the current and projected demand for the product or service in the target market, the supply-demand gap that justifies the new project, competitor analysis with actual production capacities and market shares, pricing analysis with historical price trends, and an assessment of the sustainability of projected selling prices over the loan repayment period.
Management Assessment
Banks require confidence that the promoter team has the technical and managerial capability to successfully execute and operate the project. The TEV Report covers the promoter’s educational and professional background relevant to the project, previous business experience and track record, technical knowledge of the specific industry and production process, and the organisational structure proposed for managing operations.
Risk Assessment
Every TEV Report must include a comprehensive risk analysis covering all significant risks the project faces and the specific mitigation strategies available for each. Risks covered include technology risk, market risk, raw material availability and price risk, regulatory and environmental compliance risk, management execution risk, and financial risk including foreign exchange exposure for imported machinery.
How TEV Report Helps Get Your Large Loan Approved
For large loan applications the TEV Report serves as the independent technical validation that gives the bank’s credit committee the confidence to approve a significant lending commitment.
Bank credit committees for large loans are made up of senior officers who are required to justify their lending decisions to internal audit, the RBI, and other regulatory bodies. An independent TEV Report prepared by a qualified technical and financial expert provides the documentation trail they need — confirming that the project has been independently assessed and found to be both technically sound and economically viable.
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TEV Report for Different Industries
Our team at Sharda Associates prepares TEV Reports and supporting documentation for businesses across every major industry sector.
Manufacturing businesses including steel fabrication, plastic products, packaging materials, garments, chemicals, and engineering goods. Food processing businesses including dal mills, flour mills, oil mills, rice mills, spice processing, bakery, dairy, and cold storage facilities. Service businesses including hospitals, diagnostic centres, hotels, logistics companies, and IT businesses. Agriculture and allied businesses including horticulture projects, organic farming, agro-processing, and rural storage infrastructure. Construction and infrastructure including civil contractors, real estate development, and industrial park projects.
For each industry our technical assessment is grounded in actual industry data — current machinery costs, raw material prices, realistic production capacity utilisation rates, and verified market demand data specific to the project location.
What Documents Are Required for TEV Report Preparation
To prepare a complete TEV Report keep the following documents ready.
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- Complete project concept note or business plan
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- Land documents — ownership or lease agreement
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- Machinery list with specifications and quotations from authorised suppliers
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- Civil construction estimate from contractor
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- Raw material details — suppliers, current prices, availability
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- Power and utility connection details
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- Regulatory approvals obtained or applied for
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- Promoter’s CV and business experience details
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- Last 2 to 3 years ITR and audited financials for existing businesses
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- Any existing market research or demand study available
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TEV Report and CMA Report — How They Work Together
For large loan applications the TEV Report and CMA Report work together as complementary documents in the bank’s credit appraisal process.
The TEV Report provides the independent technical and economic validation — confirming that the project is viable and that the revenue projections are achievable. The CMA Report provides the structured 7-statement RBI format financial analysis — confirming the MPBF, DSCR, current ratio, and all other financial ratios the bank needs for its credit decision.
Every financial figure in the TEV Report must be completely consistent with every corresponding figure in the CMA Report and the Detailed Project Report. Any inconsistency between these documents raises immediate credibility concerns with the bank’s credit committee.
At Sharda Associates we prepare your TEV-aligned Detailed Project Report and CMA Report as an integrated package — ensuring complete consistency across all financial figures before delivery.
How Sharda Associates Helps With Your Large Loan Application
At Sharda Associates we understand that large loan applications — above Rs.2 crore — involve a significantly more complex documentation and appraisal process than standard MSME loans. Our qualified CA team has specific experience preparing the complete documentation package for large loan applications including TEV-aligned Detailed Project Reports, CMA Reports, and Feasibility Reports.
We prepare your complete documentation package personally — not generated by software, not outsourced, not copied from templates. Our Bhopal-based CA team conducts real industry research for your specific project type and location, prepares financial projections structured to show strong and credible DSCR, and ensures complete consistency between all documents in your loan file.
We are based in Bhopal, Madhya Pradesh. When you call us you speak directly to a CA. We understand the specific lending requirements of banks across Madhya Pradesh — SBI, PNB, Bank of Baroda, Union Bank, and all Regional Rural Banks operating across the state.
All revisions are completely free unlimited until your bank is fully satisfied and your loan is approved. Starting at Rs.4,999 for Detailed Project Report. CMA Report starting at Rs.2,999. Delivery in 5 to 7 working days.
Conclusion
A TEV Report is one of the most important documents in a large business loan application — and one of the least understood. It provides the independent technical and economic validation that gives bank credit committees the confidence to approve significant lending commitments for large projects.
For large loan applications above Rs.2 crore — a strong TEV-aligned Detailed Project Report, CMA Report, and Feasibility Report prepared by a qualified CA team is the foundation of your entire loan application.
At Sharda Associates our CA team prepares your complete large loan documentation package personally — with the banking expertise built from helping 12,500 plus businesses across India get their loans approved.
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Frequently Asked Questions
Q1 What is a TEV Report for bank loan?
TEV stands for Techno Economic Viability. A TEV Report is an independent assessment that evaluates your project from both technical and economic angles — confirming that it is technically sound and economically viable for the bank to lend against. It is typically required for large loans above Rs.2 crore.
Q2 Is TEV Report mandatory for all bank loans?
No. TEV Reports are typically required for term loans above Rs.2 crore, large project finance applications, and SIDBI loans. For loans below Rs.2 crore a Project Report, Feasibility Report, and CMA Report are usually sufficient.
Q3 What is the difference between TEV Report and Feasibility Report?
A Feasibility Report covers 5 types of feasibility and is prepared by your CA firm as part of your loan application. A TEV Report is a more detailed independent technical and economic assessment typically required by banks for large loan applications above Rs.2 crore.
Q4 Do I need a DPR along with a TEV Report?
Yes. For large loan applications both a Detailed Project Report and a TEV Report are typically required alongside the CMA Report. All three must be completely consistent with each other.
Q5 What is DSCR in TEV Report? DSCR — Debt Service Coverage Ratio — must stay above 1.25 for every year of the loan repayment period. The TEV Report calculates and verifies DSCR independently — giving the bank’s credit committee additional confidence in the repayment projections.
Q6 Can Sharda Associates prepare TEV-aligned documentation for large loans?
Yes. We prepare TEV-aligned Detailed Project Reports, CMA Reports, and Feasibility Reports for large loan applications — ensuring complete consistency across all documents.
Q7 What industries do you prepare TEV documentation for?
We prepare TEV-aligned documentation for manufacturing, food processing, service businesses, agriculture, cold storage, dairy, hospitals, hotels, logistics, and all major industry sectors.