Papad Business: You may start a papad-making business for a relatively cheap investment, and it can bring in up to Rs 1 lakh each month. The government also aids you in this.
This information may be helpful to you if you have plans to launch a small business.
We’re going to tell you about a business that you could start for very little money.
Not just in the city, but also in the villages, this industry is in greater demand. Nowadays, everyone enjoys eating papad.
Starting a business to make papads is quite advantageous.
The government will assist
You receive assistance from the central government to launch this small business (Mudra Yojana) You will receive a loan of Rs. 4 lakh from the government with low-interest rates.
You must take care of a few key items in the papad-making industry, which are as follows.
This is how you can obtain a low-cost loan.
Out of the entire capital of Rs. 6 lakh, you are eligible for a loan of Rs. 4 lakh under the government’s Mudra scheme.
Through the Pradhan Mantri Mudra Yojana, you can apply for this at any bank. You must fill out a form to do this. You must disclose all of your personal details.
Both a processing charge and a guarantee fee are not required. This loan balance must be paid back to the bank in full after five years.
Low-cost enterprise
A papad business may reportedly be launched for as little as Rs 2 lakh. You are offered a loan of Rs. 4 lakh under the Mudra plan at a lower interest rate thanks to a project report that the National Small Industries Corporation created for the purpose.
A total investment of 6 lakh rupees will allow you to generate roughly 30.000 kg. You need 6 lakh rupees to launch this business.
The overall expense comprises both the cost of working capital and fixed capital.
These tools will be required for Papad Business
You require equipment such as a swifter, two mixers, a platform balance, an electrically driven oven, a marble tabletop, a chakla rolling pin, aluminum utensils, and racks to start a papad-making business.
It will take at least 250 square feet of area to accommodate this firm. You can rent a place if you don’t own one.
This will require you to pay a monthly rent of at least 5,000 rupees. A supervisor, two skilled workers, and three unskilled workers will also be needed.
The cost of his salary will be between 20,000 and 25,000 rupees.
Plan in this way.
For this firm, you will need to invest in 2 machines and packaging machine equipment as fixed capital.
Along with this, money will need to be set aside to purchase the raw materials needed in 3 months, as well as 3 months’ worth of staff salaries to be included in the working capital.
In addition, fees for rent, power, water, and phone service are included.
The salary will be this amount.
After being produced, the substance can reportedly be marketed in large quantities.
You can do this by getting in touch with small grocery stores, hypermarkets, and major retailers.
Your cell may grow as a result. In the papad industry, the profit represents 5% of the initial investment. You can make Rs. 1 lakh by investing Rs. 5 lakh.
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