You can earn Rs 10.50 per year from masala making unit.
You don’t have to make a huge investment for this.
You can use social media to promote your business.
New Delhi. Everyone wants that they will get some business which can earn good profit with less investment. However, finding such a business is not easy. So, removing this dilemma, we are telling you a business idea where you have to invest once and earn for lifetime. We are talking about masala making unit. It is expected to make good profits as the demand for spices in India will not decrease in the near future.
Spices have an important place in the Indian kitchen and hence they are always in demand. There are many types of spices in the country and they are produced on a large scale. Apart from this, each region has a demand for different types of spices. If you are aware of spices, this can prove to be a great business for you. Not only that, you can also get help from the government for this business.
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How much will it cost?
The report of the Khadi and Village Industries Commission gave a complete blueprint for setting up a masala unit. Accordingly setting up a masala manufacturing unit may cost Rs 3.50 lakh. It will cost Rs 60,000 to construct a shed of 300 square feet area and Rs 40,000 for machinery. Also, you will spend Rs 2.50 lakh on working capital like electricity, water, wages of workers etc. For this, you can get loans under Central Government Money Loan Scheme and Prime Minister’s Employment Scheme.
How much will the income be?
According to the report, 193 quintals of masala can be produced every year from the masala manufacturing unit. Currently, a quintal of spices costs around Rs 5400 and if you sell all the spices prepared in your unit at the same rate, you can earn Rs 10.42 lakhs annually. This will give you an annual profit of Rs 2.54 lakh after deducting all expenses. If you start it in your home instead of rented land, your profits can increase even more.
Promote to increase sales
You can spread your spice business through marketing. You can directly contact the shopkeepers to supply the spices. By creating a company website, you can deliver spices online directly to people’s homes. Also, you can take help of social media to spread your business. But the most important of these will be to maintain the quality of the product. Also the quality of your packaging should also be of the highest standard.
Tags: business, Business concept, Business news, Business news in Hindi, Business opportunities, make money
First Published: August 03, 2022, 07:50 IST