Harsh Kundu passed class 12 with good marks and wanted to start a mobile showroom and service center business but lacked capital. After demonetization, Kundu discovered Rs. 500,000 had been credited to his bank account, which he realized was due to corruption by bank officials. Kundu then took a bank loan of Rs. 1,000,000 at 12% interest over 10 years to start his business called Kundu Tele-Communication Hub, which opened on January 1, 2017 and included a service center run by an appointed manager.

1. Case Study
Comprehensive Project
I Harsh Kundu passed class 12th
with good marks. I thoughtof a sole proprietor
business, whereI didn’t have enough capital to commence the business of Mobile
showroom& servicecenter. I had opened saving accountlinked with “jan dhan
yojana scheme” respectively. After 2-3 years spending freely as unemployed; this
time was good fortune for me that “DE-MONITIZATION” took placeand I went to
bank to exchange scrap notes & also to deposit. Whereelse I got know that my
A/C was credited with RS .5000000, I was stund and complaintregarding the same
and got to know about this that bank officials were involved in the case; same
incident happened with few more banks A/C’s. I thought& realized of transferring
the bank A/C to other state bank. Since childhood I had an interest of using
mobile phones that’s why I decided to open a mobile shop with service center.
After that I calculated & day to day Sunday expenses of the showroom & service
center RS. 1000.
So, I had to take loan by bank of RS. 1000000for 5 years of settlement of the
business with interest rate @ 12% per annumpayable at 10 years half yearly
installment. On 1st
January 2017started businessof mobile showroom& service
center (SAMSUNG), which was named as Kundu Tele-Communication Hub. And
appointed a manager for servicecenter.