EXCELSSIOR EDUCATION SOCIETY’S

K.C. COLLEGE OF ENGINEERING AND MANAGEMENT

STUDIES AND RESEARCH
(Affiliated to the University of Mumbai)
Kopri, Thane ( E ) – 400 063

Summer Internship Project Report

Titled
“TO ANALYSIS OF PETTY CASH CONOLIDATION AND PAYMENTS
OF SVASTI FINANCE”

In the partial fulfillment of the Degree of

Master Of Management Studies
By
MS. DASARI PRIYA MARUTI
[FY MMS & Roll No:07]
Semester II & Specialization: Finance
Batch: 2021-23
Under the Guidance of
Company Team
(Officer, Svasti Microfinance)
Faculty Guide Prof.
Ritu Tuli
2020-23

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Svasti Microfinance Pvt ltd.
Office Address:- Office No. 307, 3rd Floor, Flying Colours
Pandit Dindayal Upadhyay Marg, L.B.S. Cross Road
Mulund (West), Mumbai 400 080
Maharashtra, India
.PinNo:400080

Email Id: Rekha.warankar@svasti.in Mobile No: 9967337745

Date: 02/07/2022
TO WHOM IT MAY CONCERN

We are pleased to inform that Ms. Priya Maruti Dasari has successfully completed.
Her 3 month internship during the period 1st June 2022 till 31st Aug 2022.

During the internship she has demonstrated professional conduct and was found very
Hard working student and she helped us in developing the training modules for the
Accounts team.
We wish her all the best for her Future endeavours.
Thanking You
Yours faithfully,

For, Svasti Microfinance Private Limited

Narayan Bhaskar
Vice President-Human Resource & Admin Department
Svasti Microfinance Private Limited Registered Office - 6, First Floor, First Street, Tiger
Varadachari Road, Kalakshetra Colony, Besant Nagar,
(West) – 400064 Phone - +9122- 25694977 |Email- info@Svasti.in
Website- www.svasti.in

2|Page
 EXCELSSIOR EDUCATION SOCIETY’S

K.C. COLLEGE OF ENGINEERING AND MANAGEMENT

STUDIES AND RESEARCH

(Affiliated to the University of Mumbai)

Kopri, Thane ( E ) – 400 063

CERTIFICATE

This is to certify that Mr. /Ms. Dasari Priya Maruti a student of Class: S.Y.MMS
Semester: II bearing Roll No. 07 has successfully completed the project titled,
“TO ANALYSIS OF PETTY CASH CONOLIDATION AND PAYMENTS OF
SVASTI FINANCE”, in the partial fulfillment of the Degree of MMS.

Place: Thane

Date:

Name of the Project Guide: Prof. Ritu Tuli

Signature of the Project Guide:

Signature (Dr.Sampurna Mehta)

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 STUDENT DECLARATION

I hereby declare that the project titled “TO ANALYSIS OF PETTY CASH
CONOLIDATION AND PAYMENTS OF SVASTI FINANCE” is my own
work conducted under the supervision of Prof. Ritu Tuli.

I further declare that no part in this project work has been plagiarized without
proper citations and has not formed the basis for the award of any degree,
diploma, associateship, fellowship previously.

Name of Student: Dasari Priya

Signature of the Student:

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 ACKNOWLEDGEMENT

I would like to express my special thanks of Gratitude to my Guide

Teacher Prof.Ritu Tuli as well as our HOD Dr. Sampurna Mehta who

gave me golden opportunity to do this wonderful project on the topic A

Study on reasons for rejection of MicrofinanceLoans

I would also like to thank my parents and friends who helped me to fulfill

project before Timeline.

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 TABLE OF CONTENT

1. INTRODUCTION 7

INDUSTRY OVERVIEW 10
2.
3. COMPANY OVERVIEW 22

4. DATA ANALYSIS 31

5. PROJECT DETAILS 39

6. METHODOLOGY 55

7. CONCLUSION 57

8. BIBLIOGRAPHY 58

9. LIST OF ABBREVIATION 59

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“TO ANALYSIS OF PETTY CASH CONOLIDATION AND PAYMENTS
OF SVASTI FINANCE”

1.INTRODUCTION

Microfinance sector has grown rapidly over the past few decades. Nobel
Laureate Muhammad Yunus is credited with laying the foundation of the
modern MFIs with establishment of Grameen Bank, Bangladesh in 1976. Today
it has evolved into a vibrant industry exhibiting a variety of business models.
Microfinance Institutions (MFIs) in India exist as NGOs (registered as societies
or trusts), Section 25 companies and Non-Banking Financial Companies
(NBFCs). Commercial Banks, Regional Rural Banks (RRBs), cooperative
societies and other large lenders have played an important role in providing
refinance facility to MFIs.

Banks have also leveraged the Self-Help Group (SHGs) channel to provide
direct credit to group borrowers. With financial inclusion emerging as a major
policy objective in the country, Microfinance has occupied center stage as a
promising conduit for extending financial services to unbanked sections of
population.

This report, which contains only a part of the actual report is based on the
research work done as a part of the summer internship project at Svasti
Microfinance (Reserve Bank of India,) Mulund, Mumbai. The research involved
study of the past literatures about the microfinance sector, related online
research papers and journals. The study also involved survey of all MFIs in the
state of Tamil Nadu (Shollinghur) through live working and online websites.
The annual reports and the sector reports published by regulatory bodies, MFI
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associations and major microfinance players facilitated the study, especially in
understanding the size, growth and past trends.

Although the microfinance sector is having a healthy growth rate, there have been
several concerns related to the sector, like grey areas in regulation, transparent
pricing, low financial literacy etc. In addition to these concerns there are a few
emerging concerns like cluster formation, insufficient funds, multiple lending,
and over-indebtedness which are arising because of the increasing competition
among the MFIs Based on the research work, a few major recommendations made
in the report include field supervision of MFIs to check ground realities and the
operational efficiency of such institutions. MFIs be encouraged to offer complete
range of products to their clients. Transparent pricing and technology
implementation to maintain uniformity and efficiency are among the others which
these institutions should adopt. Inability of MFIs in getting sufficient funds is a
major hindrance in the microfinance growth and so these institutions should look
for alternative sources of funds. Some of the alternative fund sources include
outside equity investment, portfolio buyouts and securitization of loans which
only a few large MFIs are currently availing

Microfinance is a form of financial service which provides small loans and

other financial services to poor and low-income households. It is an economic
tool designed to promote financial inclusion which enables the poor and low-
income households to come out of poverty, increase their income levels and
improve overall living standards. It can facilitate achievement of national
policies that target poverty reduction, women empowerment, assistance to
vulnerable groups, and improvement in the standards of living. Indian
microfinance sector has witnessed phenomenal growth over past two decades in
terms of increase in the number of institutions providing microfinance as also
the quantum of credit made available to the microfinance customers.
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Petty Cash Consolidation Is A formal review of petty cash records. Petty cash or
the petty cash fund is a small amount of cash on hand used for paying expenses
too small to merit writing a check or using a credit card.In larger corporations,
each department might have its own petty cash fund. Petty cash used for paying
expenses too small to merit write a check. Periodic reconciliations reveal
shortfalls or overages in the fund, receipts are used to calculate its balance.

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 INDUSTRY OVERVIEW

Petty cash reconciliation is the process of verifying transactions involving petty

cash funds. Its purpose is to ensure that funds are being used

appropriately. It is an important internal control for fraud prevention. Petty cash

refers to the amount used to pay for small expenses of a company issuing a

check for which seem unreasonable. Payment by check involves a long encasing

procedure found unnecessary to go through when the small payments could

easily be settled in cash. Petty cash is an integral part of the accounting function

in most organizations and is well taken care of by an appointed custodian. A

petty amount a company can spend on the daily expenditures varies between RS

3000 to 40000.

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• Keys Takeaways

• When such a petty amount is utilized to settle expenses, it needs to be

replenished.
• The time taken to in cash a check makes companies prefer paying in cash
for small expenses on the spot. There is a Cashier (who prepares), an
Authorizer (who approves and authorizes the fund), and a Receiver (who
claims) for proper petty fund transaction implementation.When such a
petty amount is utilized to settle expenses, it needs to be replenished.

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How Petty Cash Works?

Petty cash is the cash amount used to settle small expenditures that

companies make from time to time.

As the cost of writing, signing, and processing the checks take a lot

of time, companies prefer paying in cash on the spot for a smaller

amount. In addition, the companies appoint custodians who are

responsible and accountable for making sure these cash entries are

accurately completed and reconciled at regular intervals.

Companies keep the small amount of cash in the office under the control of a
cashier, who keeps a check on each cash transaction for correct entries and
appropriate recordkeeping.

Expenditures such as day-to-day snacks, tea for employees, employee

reimbursements for occasional traveling, etc., small bank charges, like notary,
etc., greetings or sweets to clients or customers on festivals or special occasions
– are all paid through a petty fund.

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In an organization, there is three personnel to take care of the

whole petty money transaction flow:

1 Cashier – who prepares the petty cash voucher and receipt

2 Authorizer – approver, who belongs to the higher management

3 Receiver – the claimant

The frequency at which petty cash is withdrawn differs hugely from

organization to organization. For example, a small shopkeeper

needs to have more cash readily available than a big organization,

mostly settling payments through checks.

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Petty Cash Accounting

An organization, as per its estimate, gets approved the cash required for a specific
range of time, be it weekly or monthly. Then, the amount is withdrawn from the
bank to settle cash expenses based on the approved limit. Finally, the amount
withdrawn in the form of paper money or coins gets deposited with the custodian,
who issues receipts and a petty cash voucher for the required cash. A petty cash
transaction is recorded on financial statements even when it is already in use. The
expenditures or purchases made using these cash amounts are not part of the
journal entries. The journal entry, however, is only made when the custodian
needs more cash than what has been approved by the company.

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The journal entries are made when the custodian receives new

funds in exchange for the receipts. When a small amount is utilized

to settle expenses, it needs to be replenished. Therefore, the custodian gathers all

slips and vouchers issued to different individuals in the organization.

The details are recorded in General Ledger as credits to the petty cash account,
while the same is kept as a debit detail to multiple other expense accounts.

As soon as the petty fund is replenished, it is recorded as a debit to the petty cash
account and credit to the cash account.

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 Particulars Debit Credit

Petty cash 900

Cash 900

What Is a Payment?

Payment is the transfer of money, goods, or services in exchange for goods and
services in acceptable proportions that have been previously agreed upon by all
parties involved. A payment can be made in the form of services exchanged,
cash, check, wire transfer, credit card, debit card, or cryptocurrencies.

Key Takeaways:
• Payment is the transfer of money or goods and services in exchange for a
product or service.
• Payments are typically made after the terms have been agreed
upon by all parties involved.
• However, payment may be required before, during (installment payments)
or after goods or services have been provided.

• A payment can be made in the form of cash, check, wire transfer, credit
card, or debit card.
• More modern methods of payment types leverage the Internet

and digital platforms. monetary system allows for payments to be made with
currency. Currency, which has simplified the means of economic transactions,

16 | P a g e
provides a convenient medium through which payments can be made, and it can
also be easily stored.

Before the widespread use of currency and other payment

methods, barter payments were used in which one product or

service was exchanged for another.

For example, if an egg farmer with a large surplus of eggs wanted milk, the farmer
would need to find a dairy farmer who would be willing to take eggs as payment
for milk.

In this case, if a suitable dairy farmer weren't found in time, not

only would the egg farmer not get the milk, but the eggs would

spoil, becoming worthless. Currency, on the other hand, maintains its value over
time. However, bartering is still practiced today when companies want to
exchange services between one another.

Payments can be the transfer of anything of value or benefit to

the parties.

An invoice or bill typically precedes a payment. Payees usually get to choose how
they will accept payment. However, some

laws require the payer to accept the country's legal tender up to a prescribed limit.
Payment in another currency often involves additional foreign

exchange transaction fees, usually around 2–3% of the total payment being made,
but could be quite a bit higher

depending on the bank or card issuer and country of purchase.

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Types of the petty cash

Payments are made using various methods. Throughout history, these types of
payments have changed and evolved, and new payment methods are likely to
appear in the future. Here are the most common types of payments used today.

Credit Cards

A credit card is a thin rectangular piece of plastic or metal issued by a bank or

financial services company that allows cardholders to borrow funds with which
to pay for goods and services with merchants that accept cards for payment.

Credit cards impose the condition that cardholders pay back the borrowed
money, plus any applicable interest, as well as any additional agreed-upon
charges, either in full by the billing date or over time.

In addition to the standard credit line, the credit card issuer may also grant a
separate cash line of credit (LOC) to cardholders, enabling them to borrow money
in the form of cash advances that can be accessed through bank tellers, ATMs, or
credit card convenience checks. Such cash advances typically have different
terms, such as no grace period and higher interest rates, compared with those
transactions that access the main credit line. Issuers customarily pre-set
borrowing limits based on an individual’s credit rating.

A vast majority of businesses let the customer make purchases with credit cards,
which remain one of today’s most popular payment methodologies for buying
consumer goods and services.
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KEY TAKEAWAYS

• Credit cards are plastic or metal cards used to pay for items or services
using credit.
• Credit cards charge interest on the money spent.
• Credit cards may be issued by stores, banks, or other financial institutions
and often offer perks like cash back, discounts, or reward miles.
• Secured credit cards and debit cards offer options for those with little or
bad credit.
• Credit cards typically charge a higher annual percentage rate (APR) vs.
other forms of consumer loans.
• Interest charges on any unpaid balances charged to the card are typically
imposed approximately one month after a purchase is made unless
previous unpaid balances had been carried forward from a previous
month—in which case there is no grace period granted for new charges.

Debit Cards
Debit cards may look similar to credit cards, but their underlying mechanism is
entirely different. When a debit card is used, funds are immediately withdrawn
from an individual's account. Instead of having a line of credit that you can pull
from in excess of what you have saved, debit card transactions can be declined if
you do not have enough money in your account.

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Cash

Cash is legal tender—currency or coins—that can be used to exchange goods,

debt, or services.

Sometimes it also includes the value of assets that can be easily

converted into cash immediately, as reported by a company.

Cash is also known as money, in physical form. Cash, in a

corporate setting, usually includes bank accounts and

marketable securities, such as government bonds and banker's

acceptances.

KEY TAKEAWAY
• Cash is legal tender that can be used to exchange goods, debt, or services
• The term "cash" can sometimes also include the value of assets that can
be converted into cash immediately.
• Cash has been used for as long as goods and services have been traded.
• In finance and banking, cash indicates the company's current assets, or any
assets that can be turned into cash within one year.
• A business's cash flow shows the net amount of cash a company has, after
factoring in both incoming and outgoing cash and assets, and can be a
good resource for potential investors.
• A company's cash flow statement shows all incoming cash, such as net
income, and outgoing cash used to pay expenses such as equipment and
investment.

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 COMPANY OVERVIEW

Svasti Micro finance Started At 2008 , by two Finance and Legal Professionals
passionate about bringing positive change in society.

Svasti Microfinance provide the access to finance to all sections of the society,
through the use of smart process design and innovative technology.

The result of this passion and enterprise, is reflect today in Svasti’s healthy
bottom lines, and in the smiles of its customers everywhere.

Svasti believes that the Right to Finance is a fundamental

right of all human beings, including ones who do not have

collateral to support their bid for finance.

Svasti’s vision focuses on the right to finance for women, as women are not only
important members of every household, but they are also part of the uncounted
millions who contribute to the economy of India, through micro-enterprises and
the unorganized sector.

Svasti products are designed for women who would like to start a small business,
expand their existing business, and provide their families with meaningful lives.

The mission is to transform the lives of 10 million (1 crore) women and their
families by 2030.What’s more, when you count an average of five people per

family in India, they work will hopefully help improve the lives

of 50 million (5 crores) people in the next ten years!

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Svasti financial services companies into the following sectors:

1. Payment apps
2. 2.Traditional banks
3. 3.Online banks

Svasti microfinance operate differently than traditional banks or mortgage

lenders.
A finance company provides loans from an available capital source and earns
profits strictly through the interest paid by borrowers. A finance company usually
requires some collateral for the loan amount.
Finance companies rarely offer revolving credit lines. Borrowing more money
involves refinancing the loan and possibly providing additional collateral.

❖ Role Of the Company

Svasti faced the problems caused by liquidity shortage may make it difficult for
a business to expand its markets and pay its suppliers and workers. Liquidity is
the amount of cash and short-term assets easily converted into cash A shortage of
cash assets not only affects business operations but also creates problems for the
development of finance, which will lead to operational issues.

• SWOT analysis of the Svasti Micro Finance

Financial SWOT analysis is designed to give an overall picture often

organizations current and potential financial standings. It helps to understand how
an organization is faring financially at present (thanks to the Strengths and
Weaknesses identified), and offers insight into potential events that might

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dramatically change its finances (the Opportunities and Threats). usually easiest
to start with the Strengths and Weaknesses since these represent the current
standings of the business. For a financial SWOT analysis, Strengths and
Weaknesses can often be found by looking at balance sheets, which show
revenues and expenses. This will allow you to determine whether the business
has a positive or negative cash flow, which can be a major Strength or Weakness

• Strength: strength of the company is included large cash reserves or

positive monthly cash flow.
• Weaknesses: Weakness of the company included lots of debt or negative
monthly cash flow.
• Opportunities: There is the opportunity to company include possible cash
investments or new revenue streams. Opening New Branches and Offices
at different cities.
• Threats: There are some Disadvantages which is company has to be faced.
Like non-paying customers etc.
• Major Players of Svasti Microfinance
• Financial Products for the Enterprising Women
• Svasti Dhan Adhikaar Service
• Svasti offers a range of financial products that help fulfill every woman's
right to finance.
• They work primarily on trust, and the Power of Five which drives our core
Microfinance (Joint Liability Group Loans) business
• In addition to our JLG loans, we also offer MSME Loans for

micro, small, and medium size businesses, and

customised Consumer Finance for select Svasti customers.

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 • Recent Statistics of Svasti Microfinance

Transforming Lives Everywhere

They understand the growing needs and aspirations of their customers, which is
why they use Technology to identify and upgrade Microfinance customers with
MSME, that help them expand a business, meet business-related expenses,
acquire assets, or consolidate loans, based on their financial needs and repayment
capacity.

• Transforming Lives Everywhere

They understand the growing needs and aspirations of their customers, which is
why they use Technology to identify and upgrade Microfinance customers with
MSME, that help them expand a business, meet business-related expenses,
acquire assets, or consolidate loans, based on their financial needs and repayment
capacity.

Svasti believes that the Right to Finance is a fundamental right of all human
beings, including ones who do not have collateral to support their bid for
finance.

Svasti’s vision focuses on the right to finance for women, as women are not only
important members of every household, but they are also part of the uncounted
millions who contribute to the economy of India, through micro-enterprises and
the unorganized sector.

Svasti products are designed for women who would like to start a small business,
expand their existing business, and provide their families with meaningful lives.

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There was a time when making a positive impact on society and making bottom
lines positive were seen at odds with each other. They set out to challenge this
notion by creating a scalable, sustainable, and profitable business, that was

intrinsically linked to having a positive impact and transforming the lives of the
people and the society at large scale.

They believes from the day one, they hired a strong team of committed
individuals and empowered them to develop and implement products and
processes they believe would be the best industry. Together, they created a culture
based on people first values, which each of us refers to as ‘Mera Svastitva’,

that drives our internal and external relationships. Recognising the need for
modern solutions to traditional microfinance challenges, we have also developed
our own Svastech solutions that help us optimize time and resources..

• Nature of Organization
The nature of the business finance is enumerated in the points mentioned below
1. Svasti Microfinance consists of different kinds of funds –
2. short, medium and long term as and when required by the business.
3. Provide different types of service for the customers – Svasti Dhan
Adhikaar Services, JLG Loans etc.
4. The amount of business finance determines the scale of operations
conducted by the company. Svasti has 132 branches, working with 1677
staff, Happy Customers 3,25,931 the main offices of the svasti co. are in
different cities the main branch of the svasti is located in the Thane,
Mumbai, Chennai etc.

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 • The Products of the Svasti
1. Svasti Consumer Finance

Svasti Consumer Finance products help our customers with cash flow through
EMI options, for the purchase of essential consumers durables, smart mobile
phones, and the services like medical insurance. Svasti Consumer Finance
offering are available to existing Svasti Microfinance and Svasti MSME loans
customer.

2.Svasti MSME Loans

At Svasti, they understand that the need for micro, small and medium enterprises
loans, and the aspirations of their owners, keep growing year after year.

Which is why they provide MSME owners with business loans to expand and
grow a business, or use the funds for other essential business related expenses.

Svasti uses smart technology and data analytics to identify and upgrade our
Microfinance Loan customers with MSME Loans

based on their financial needs and repayment capacity.

• Competitors Of the Svasti Microfinance

1. GF In bursa

2. Marsh

3. ATB Financial

4. General Motors Financial

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Company Name GF in bursa Marsh ATB Financial General Motors
Financial

Overview GF Inbursa Marsh is a ATB Financial is GM Financial is the

(Grupo company that a financial captive finance
Financiero is active in institution. company.
Inbursa) is a insurance
provider of broking and
financial risk
products and management
services to
individuals
and
businesses.

Type Public Private Private Subsidiary

Founded 1965 1914 1938 1992

Location Ciudad de Edmonton, CA Fort Worth, US

México New Zealand

Tags Private Private Private

Public

Employees 9330 5181 7606

25702

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 ❖ Here Is 10 Branch Names of The Svasti

Sr. No Branch Name

1 Ahmednagar
2 Alibag
3 Amalner
4 amroli
5 Bhiwandi
6 Andheri East
7 Annapurna-Indore
8 Aurangabad
9 Ayodhya
10 Azamgarh

• Consolidated Data

The Consolidate Data in Excel allows an analyst to combine information from

multiple workbooks into one place. The Excel consolidate function lets you
select data from its various locations and creates a table to summarize the
information for you.

• Why use the data consolidation function?

There are many reasons a financial analyst may want to use the Excel consolidate
function. One example would be combining budgets from various departments
into one company-wide budget. This may be common for an analyst or manager
working in Financial Planning and Analysis (FP&A) or other accounting
functions.

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 • What if the data sources have different items?

The Excel consolidate function will still work if there are different labels in the
left column. The key is to use labels carefully and ensure they are the same in
each table (e.g., if you have a spelling mistake or slightly different version of the
label, it will treat them as separate).

• How to Consolidate the data

1. Open The Excel Sheet

2. Make Seven Columns

• Sr No.
• Branch Name
• MERP Closing
• As Per Register
• Difference
• Total
• Difference

You have to check the data as per the branch wise of every month. And you have
to record the date in the excel sheet. You have to compare the Closing balance of
every branch which already noted in excel and what we registred the in the data.
Next we have to find the difference of the MERP and what we registerd and what
number shows in the tally.

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 DATA ANALYSIS AND INTERPRETATION

Here is the First Step of the consolidated data the of 10 Branches

MERP
Sr No Branch Name Closing As per register Difference Tally Total
1 Ahmednagar 3277 3277 0 0
2 Alibag 1009 1009 0 1009
3 Amalner 2223 2223 0 2223
4 Amroli 1737 1737 0 1737
5 Bhiwandi 1020 1020 0 1020
6 Andheri East 0 0 0 0
Annapurna-
7 Indore 2950 2950 0 2950
8 Aurangabad 4950 4950 0 4950
9 Ayodhya 9 9 0 9

10 Azamgarh 0 0 0 0

• Second step of the Consolidated Data

You have to be check the every e

expenses of the branches. All the expenses you have to collect form the data
which already noted in the excel and all data was saved in google drive we have

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 to search name of the branch and folder will open and in that folder all expenses
are register. You have to copy the expenses and insert in the excel sheet.

Here is the Second page of the Excel with all

expenses which company have to pay that expenses.

Sr
No. Branch Name Date Classification payee Description Receipt Payment Balance
1 5-Apr- Cash Transfer from 3170
Ahmednagar 22 Withdrawal Main Cash 3170
Amt pay to
1 19-Apr- Printing & Stationery
2177
Ahmednagar 22 Stationery purchese 993

20-Apr- Internet 1277

1
Ahmednagar 22 Expenses pay to internet bill 900

1 22-Apr- Cleaning Amt pay to office 277

Ahmednagar 22 Charges maid bill 1000
25- Cash Transfer from 3277
1
Ahmednagar Apr-22 Withdrawal Main Cash 3000

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 6-Apr- Cash 4950

2 Alibag 22 Withdrawal 4950 0

Yellow
4384
7-Apr- Printing & colour &
2 Alibag 22 Stationery Roller 566
7-Apr- Printing & Printer 3584
2 Alibag 22 Stationery Pepper 800
11-
Apr- Printing & Purchase 2624
2 Alibag 22 Stationery stationery 960
13-
Apr- Printing & 1974
2 Alibag 22 Stationery Printer Peper 650
18-
1124
Apr- Printing & Purchase
2 Alibag 22 Stationery stationery 850
26-
Apr- Printing & Purchase 1009
2 Alibag 22 Stationery stationery 115
26-
Apr- Cash 3009
2 Alibag 22 Withdrawal 2000
29- 1009
Apr-
2 Alibag 22 Staff Welfare Tea Bill paid 2000
main cash 4950
5-Apr- Cash Clean received
3 Amalner 22 Withdrawal chrg 4950
5-Apr- Cleaning Cleaning
3 Amalner 22 Charges Courier Charges Pay 1000 3950
5-Apr- Courier Courier Care 3844
3 Amalner 22 charges Exp Document 106
6-Apr- Staff Water Bill 2844
3 Amalner 22 Staff Welfare welfare Pay 1000
7-Apr- 644
3 Amalner 22 Staff Welfare Exp Tea/Coffee 2200
13-
Apr- Printing &
3 Amalner 22 Stationery Fevikwik 70 574
29- 4915
Apr- Cash main cash
3 Amalner 22 Withdrawal received 4341
29- 2398
Apr- Office office
3 Amalner 22 Maintenance stationery 2517

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4 amroli 4-Apr-22 cash 2000 2000

29- 2223
Apr- Office
3 Amalner 22 Maintenance Fan Conduser 175

Main cash 0
Transfer to petty
5 Bhiwandi 1-Apr-22 on account cash 0
Main cash 4950
Transfer to petty
5 Bhiwandi 6-Apr-22 on account cash 4950
Cleaning 4050
5 Bhiwandi 6-Apr-22 Charges cleaning charges 900
Printing & 3050
5 Bhiwandi 6-Apr-22 Stationery paper printing 1000
1550
5 Bhiwandi 7-Apr-22 Staff Welfare water bill 1500
12-Apr- 0
5 Bhiwandi 22 Staff Welfare Tea Bill 1550
4- 4950
Andheri Apr- Office
6 East 22 Maintenance Petty Cash 4950
7- 3950
Andheri Apr- Cleaning
6 East 22 Charges Maid Salary 1000
7- 770
Andheri Apr- Staff
6 East 22 Welfare Tea/Coffee, 3180
16-
Andheri Apr- Office 2770
6 East 22 Maintenance Petty Cash 2000
16- Water Bill And 1370
Andheri Apr- Staff Flowers Bill
6 East 22 Welfare Pay 1400
25- 1050
Andheri Apr- Staff
6 East 22 Welfare Water Can 320
29- 0
Andheri Apr- Office Rabber
6 East 22 Maintenance ,Plet,box 1050
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 file,Detol,Peper
Priting,
1- 0
Annapurna- Apr- Transfer to
7 Indore 22 petty Cash 0
5- 4950
Annapurna- Apr- Transfer to
7 Indore 22 petty Cash 4950
5- 4450
Annapurna- Apr- Electricity Paid to
7 Indore 22 charges Electrician 500
6- Tea Bill Paid 965
Annapurna- Apr- Staff Month Of -
7 Indore 22 Welfare Mar-2022 3485
6- 825
Annapurna- Apr- Staff Cotton
7 Indore 22 Welfare Bandage 140
11- 4950
Annapurna- Apr- Transfer to
7 Indore 22 petty Cash 4125
11- Water Bill Paid 3900
Annapurna- Apr- Staff Month Of Mar-
7 Indore 22 Welfare 2022 1050
13- Maid Bil Paid 2700
Annapurna- Apr- Cleaning Month Of Mar-
7 Indore 22 Charges 2022 1200
27- 1750
Annapurna- Apr- Printing &
7 Indore 22 Stationery A4 paper , pen 950
27- 1190
Annapurna- Apr- Office
7 Indore 22 Maintenance Harpic,Dustbin, 560
30- 4950
Annapurna- Apr- Transfer to
7 Indore 22 petty Cash 3760
30- 2950
Annapurna- Apr- Printing &
7 Indore 22 Stationery Printer Ink 2000

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 5- Transfer Main cash 4950
Apr- from Main transfer to Petty
8 Aurangabad 22 cash cash 4950
5- 1050
Apr- Staff Being amount
8 Aurangabad 22 Welfare paid to Tea bill 3900
5- Being amount 410
Apr- Staff paid to water
8 Aurangabad 22 Welfare bill 640
11- Transfer Main cash 4950
Apr- from Main transfer to Petty
8 Aurangabad 22 cash cash 4540
11- 4450
Apr- Staff Being amount
8 Aurangabad 22 Welfare paid to Tea bill 500
16- Being amount 450
Apr- Printing & paid
8 Aurangabad 22 Stationery toStatonary bill 4000
28- Transfer Main cash 4950
Apr- from Main transfer to Petty
8 Aurangabad 22 cash cash 4500
1- Cash Transfer 4950
Apr- Cash From Main
9 Ayodhya 22 Withdrawal cash 4950
Office Tea 3350
1- Expenses
Apr- Staff Month Of Mar
9 Ayodhya 22 Welfare 2022 1600
Office Sweeper 1850
1- Cleaning
Apr- Office Charges Of
9 Ayodhya 22 Maintenance Mar 2022 1500
Office 950
4- Drinking Water
Apr- Staff Month Of Mar
9 Ayodhya 22 Welfare 2022 900
Office 45
6- Hamdwash,
Apr- Office Room
9 Ayodhya 22 Maintenance Freshner, jhadu 905

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 21- Cash Transfer 2525
Apr- Cash From Main
9 Ayodhya 22 Withdrawal cash 2480
21- Electricity 45
Apr- Electricity charges Month
9 Ayodhya 22 charges Of Mar 2022 2480
Office All Staff 9
22- Poolice
Apr- Courier Intimation Doc
9 Ayodhya 22 charges Charges 36
4- Refill Petty 4950
Apr- Cash Cash From
10 Azamgarh 22 Received Main Cash 4950
5- 2150
Apr- Staff Tea bill (Mar
10 Azamgarh 22 Welfare Month) 2800
6- 650
Apr- Cleaning Paid Maid Bill
10 Azamgarh 22 Charges (Mar) 1500
14- 450
Apr- Printing & Remanno
10 Azamgarh 22 Stationery Tickets 200
14- 0
Apr- Staff
10 Azamgarh 22 Welfare kalaheet allaout 450
18- Refill Petty 5000
Apr- Cash Cash From
10 Azamgarh 22 Received Main Cash 5000
19- 3556
Apr- Electricity Electricity Bill
10 Azamgarh 22 charges ( Mar) 1444
19- 2606
Apr- Staff
10 Azamgarh 22 Welfare Water bill(Mar) 950
22- Cular 1706
Apr- Staff Repiaring
10 Azamgarh 22 Welfare Charge 900
30- 600
Apr- Printing & A4 Size Paper,
10 Azamgarh 22 Stationery Loan 1106

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 Card,Remannu
Ticket
30- 0
Apr- Staff Svasti Board
10 Azamgarh 22 Welfare Freming 600

As Shown in the data this is the Consolidated data as per the branch wise, which
refer to Financial Budgeting , Analysis and also for the Auditing.

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 PROJECT DETAILS
Objectives
1. To Understand the petty cash process using Excel.
2. To study the overall process of receipts and payments

• LIMITATIONS OF THE PROJECT- STUDY IS

RESTRICTED TO ONLY TO 10 BRANCHES OF
THE SVASTI FINANCE

• Payments Of the All Expenses

During the Internship I studied about tally, daily payments of the expenses, bill
payments.
Example – Electricity bills of the Branches, Fees, Maintenance Charges,
Repairing Charges etc. Which is register In Tally for the Monthly Auditing,
Financial Budgeting.

May- Re: Electricity Bill Of Rajnandgaon

22 Rajnandagon Branch Month May - 2022 Approved
Payee

Fwd.: Traveling Claim Bills of Pratap

April to Manohar Rao Selar ( 20 Apr 2022 to
May 21 May 2022 ) Approved
CPDCL

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 May- Re: Electricity Bill Of Kanker Branch
Pratap Manohar 22 Kanker Month May - 2022 Approved
Rao Selar

May- Electricity Bill Of Raipur Branch

22 Raipur Month May - 2022 Approved
CPDCL

May- Approval for Electricity expenses -

22 Chhindwara Chhindwara Branch Approved
CPDCL

May-
Madhya pradesh 22 Jhunjhunu Fwd: internet Bill Jhunjhunu Branch Approved
Poorva

Electricity bill - June -2022 - Kalyan

Bharat Sanchar Jun-22 Kalyan CDL CDL Approved
nigam

Electricity bill - June -2022 - Nahur

Jun-22 Nahur CDL CDL Approved
MSEDCL

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 2080
May- Electricity
750 18-Jun-22 22 13-Jun-22 Charges 2080 0 0 0
1960
May- Electricity
751 18-Jun-22 22 13-Jun-22 Charges 1960 0 0 0
1650
May- Repairs &
752 18-Jun-22 22 13-Jun-22 Maintainance 1,650 0 0 0
220
May- Repairs &
753 18-Jun-22 22 13-Jun-22 Maintainance 2,200 0 0 0
45000
May-
754 18-Jun-22 22 13-Jun-22 Advance 45,000 0 0 0
1022
May- Telephone
755 18-Jun-22 22 13-Jun-22 Charges 1022 0 0 0
3208
May- Electricity
756 18-Jun-22 22 13-Jun-22 Charges 0 0 0 0
May- Rate Fees & 700
757 18-Jun-22 22 13-Jun-22 Charges 0 0 0
3060
May-
759 18-Jun-22 22 13-Jun-22 Staff welfare 3060 0 0 0
1640
May-
760 18-Jun-22 22 13-Jun-22 Travel 1,640 0 0 0
1550
May- Repairs &
761 18-Jun-22 22 13-Jun-22 Maintainance 1,550 0 0 0
0
May-
787 18-Jun-22 22 15-Jun-22 Internet Charges 0 0 0 0
0
May-
788 18-Jun-22 22 15-Jun-22 Internet Charges 0 0 0 0
10000
May-
790 18-Jun-22 22 15-Jun-22 Advance 10,000 0 0 0

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 May- Fwd: Electricity Bill of Ghatkopar Branch for
Adani 22 Ghatkoper the month of May 2022 Approved
May- Fwd: Electricity bill of Malad branch for the
Adani 22 Malad month of May 2022 Approved
V K Goregaon Re: Bill of Epson printer repairing Goregaon
Services CDL CDL ( V K Service) Approved
V K Re: Svasti Microfinance Pvt.Ltd Ghatkopar
Services Ghatkoper west branch bill details Approved
Sushil Thane
Bhosle Office Fwd: 04-Jul - MFIN AGM Travel Booking Approved
Fwd: MTNL Telephone bill (25694977)
May- Mulund Head Office for the month of May
MTNL 22 HO 2022 Approved
madhya
Pradesh Approval for Electricity expenses -
Electricty Hosangabad Hoshangabad - Branch Approved
Hemant Fwd: Notary charge Reimbursement Month of
Patel Jun-2022 Approved

Chill Drill Water bill Month of May-22 - Kalyan CDL Approved

Vishal Fwd: Vishal Zodge - Outstation Conveyance -
Zodge Wada Branch - May -2022 Approved
V K Re: Bill of Epson printer repairing Bhiwandi
Services Branch ( V K Service) Approved
Bharti Jun- Fwd: New Internet Connection - Vadodara
Airtel 22 Vadodara Branch-15062022 Approved
GTPL
Internet Jun- Fwd: Internet Connection Renew-Nadiad
Connection 22 Nadiad Branch-15062022 Approved
Amol Advance for traveling Lucknow and Prayagraj
Khupte unit Approved

Kumar
Gourav
Verma Fwd: CRM Foundation Training Claims Approved

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2-Jul- 27-Jun-
22 Jun-22 22 Travel 31,335 0 0 0 31,335

2-Jul- 28-Jun-
22 Jun-22 22 Office Maintainance 318 0 0 0 318

1-Jul- 28-Jun-
22 Jun-22 22 Electricity Charges 6,600 0 0 0 6,600
1-Jul- 28-Jun-
22 Jun-22 22 Staff welfare 5,452 0 0 0 5,452
1-Jul- 28-Jun- Repairs &
22 Jun-22 22 Maintainance 10,000 0 0 0 10,000

1-Jul- 28-Jun-
22 Jun-22 22 Electricity Charges 4,350 0 0 0 4,350

1-Jul- 28-Jun-
22 Jun-22 22 Travel 2,255 0 0 0 2,255

1-Jul- 28-Jun-
22 Jun-22 22 Electricity Charges 2,140 0 0 0 2,140

1-Jul- 28-Jun-
22 Jun-22 22 Electricity Charges 3,700 0 0 0 3,700

1-Jul- 28-Jun-
22 Jun-22 22 Electricity Charges 4,290 0 0 0 4,290

1-Jul- 28-Jun- Repairs &

22 Jun-22 22 Maintainance 600 54 0 0 708

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 Fwd: Regarding Purchasing House Keeping
Material_ Thane Office 501 &502, Mulund
Kunal Gaikwad HO HO Approved

Fwd: Electricity bill of Thane branch for the

MSEDCL Thane month of June 2022 Approved

C B SHAH & CO Thane Fwd: Thane Office_ Tea & Coffee premix bill Approved
Anand
HarishChandra Nashik Fwd: Approval for Electrician Vireman Work
Phadol Road of Nashik Road Branch Property Approved

Electricity bill of Chiplun Branch for the

MSEDCL Chiplun month of Jun-2022 Approved

Fwd: Conveyance Claim - Vijay Yadav - 15-

Vijay Yadav Akbarpur Jun -22 to 16- Jun -22 Approved

Fwd: Electricity bill of Andheri branch for the

Adani Andheri month of June 2022 Approved

Fwd: Electricity bill of Badlapur Branch for

MSEDCL Badlapur the month of June 2022 Approved

Fwd: Electricity bill of Sakinaka branch for

Adani Sakinaka the month of May 2022 Approved
Ligia Ave Maria
Services (OPC) Re: Request for Tarun Thakur : IT Asset
PRIVATE Indore Repair Request Approved

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 Repairs &
936 1-Jul-22 Jun-22 28-Jun-22 Maintainance 1,000 90 90 0 1,180
Repairs &
938 1-Jul-22 Jun-22 28-Jun-22 Maintainance 4,020 362 362 0 4,744

939 1-Jul-22 Jun-22 28-Jun-22 Electricity Charges 4,890 0 0 0 4,890

940 1-Jul-22 Jun-22 28-Jun-22 Electricity Charges 1,980 0 0 0 1,980

941 2-Jul-22 Jun-22 28-Jun-22 Travel 5,661 0 0 0 5,661

942 2-Jul-22 Jun-22 28-Jun-22 Travel 11,055 0 0 0 11,055

943 2-Jul-22 Jun-22 28-Jun-22 Advance 6,695 0 0 0 6,695

944 1-Jul-22 Jun-22 28-Jun-22 Professional Fees 5,000 450 450 500 5,400

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Ligia Ave Maria
Services (OPC) Re: Request for Tarun Thakur : IT Asset
PRIVATE Indore Repair Request Approved
Ligia Ave Maria
Services (OPC) Re: Chalisgaon Service Call & Material
PRIVATE Chalisgaon Invoice Approved

Fwd: Approval for Electricity Expenses for

MSEDCL Waluj Jun-2022 -Waluj Branch Approved

Electricity bill of Dapoli for the month of

MSEDCL Dapoli May-2022 Approved
Chhindwara,
Seoni,
Vinay Kumar Damoh,Balaghat, Fwd: Outstation conveyance claim - Vinay
Prajapati Mandla Prajapati - Jun - 2022 Approved

Kumar Gourav
Verma Indore Fwd: CRM Foundation Training claims Approved

GTPL Broadband Re: Internet Connection Renew -Naroda-

Private Limited Naroda Ahmedabad Branch-28062022. Approved
Fwd: Spine Technologies - Approval for
rectification and clarification of Spine
Spine Payrollnx portal and Spine HRMS Portal
Technologies HO Issues Approved

This the data of the daily payments of the Svasti Microfinance. Payments is the
continuous procedure which is handle by the accountants.
Payee Mail on the Svasti to verify the documents and claim for pay expenses.
Whatever claim their sending to the Svasti there is the mandatory to send the
receipts of the expenses. Accountant
checked that receipt whatever amount he claims that is right or not they checked
calculate, then they will pay those expenses.
Here is Some Receipts of the Payee Which mandatory to the payee to submit.

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This type of receipts they have submit because company know about where they
are spending.

53 | P a g e
 METHODOLOGY

TYPES OF DESCRIPTIVE RESEARCH

Descriptive research is usually defined as a type of Quantitative

though qualitative research can also be used for descriptive purposes.
The research design should be carefully developed to ensure that the results
are valid and reliable.

1. Survey

Survey Research allows you to gather large volumes of data that can be analyzed
for frequencies, averages and patterns. Common uses of surveys include:

• Evaluating satisfaction with a company’s products or an organization’s

services.
• Visit the Branches.

2.Case Reports
Case reports are a type of descriptive research that provide detailed information about an
individual or small group of people. They are usually used to report rare or unusual cases, or
to describe a new treatment or intervention.

3.Interviews

Interviews are another common method of descriptive research. Unlike surveys,

interviews are conducted with only a few people at a time. This allows for more

54 | P a g e
in-depth questions and answers than surveys. Interviews can be conducted in
person or over the phone.

4.Observations

Observations are the major method of descriptive research.

Observations involve observing people or events and taking notes on what is

happening.

55 | P a g e
 CONCLUSIONS

Microfinance largely facilitates the poor's access to institutional credit and has

both economic and noneconomic impacts including poverty alleviation,

women empowerment, and promotion of gender equality. The aim of this

research is to explore the contribution of microfinance on women

empowerment and the circumstances under which microfinance can help the

poor women out of their poverty situation. Microfinance provides

employment to the poor women who have no other means of income.

56 | P a g e
 BIBLIOGRAPHY
svasti microfinance - Search (bing.com)

https://www.bing.com/ck/a?!&&p=926fa2e16f806439JmltdHM9MTY3MzkxMzYwMCZpZ3VpZD0zZD
NjMmU3YS1iNDQxLTYxNjAtMGIwNy0yMTY0YjVmMzYwNDkmaW5zaWQ9NTIzNg&ptn=3&hsh=3&fcl
id=3d3c2e7a-b441-6160-0b07-
2164b5f36049&psq=svasti+microfinance&u=a1aHR0cHM6Ly93d3cuc3Zhc3RpLmluL2Fib3V0Lw&ntb
=1

SVASTI MICROFINANCE PRIVATE LIMITED - Company, directors and contact details | Zauba Corp

57 | P a g e
 LIST OF ABBREVIATIONS

MFI-Microfinance Institutions

RRB-Regional rural bank

SHG-Self help group

MHEDCL-Maharashtra State electricity distribution company limited

CPDCL-Chhattisgarh state power distribution company limited

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