A soap making factory can be started with only four lakh rupees. Also, you can get up to 80 percent loan. Not only is it easy to get a loan under the Mudra loan scheme, the entire project of the business can also be prepared. Let’s know how to start this business, how you need to arrange money. What will you need for this?
Also Read: LPG Gas Cylinder: You Can Buy Gas Cylinder Without Address Proof, How To Apply?
Start business under Mudra Yojana
You will find it very easy to do this type of business because the first thing is that the government itself provides you with full detailed reports covering every aspect of it. Also, you can get up to 80 percent loan. You don’t need to prepare a project report for your loan as the government has already prepared it, you can use it.
Machines and equipments come in 1 lakh rupees
To install this unit, you will need a total area of 750 square feet. It covers 500 square feet and rest is uncovered. It will require a total of 8 machines including machines. The machines and their installation will cost only Rs 1 lakh. It will take seven months, in total seven months you can start production after completing all the formalities.
How much will you pay in total?
A total of Rs 15.30 lakh will be spent to install this complete setup. This includes space, machinery, three months working capital. Out of this, you need to spend only Rs 3.82 lakh, as you can borrow the rest from the bank.
Also Read: IDBI Bank Changes Interest Rates on FDs, Check What Are the New Rates Instantly
Great business idea at low cost
According to the project profile report of the Mudra project, you will be able to produce around 4 lakh kg in a year, with a total value of around Rs 47 lakh. After paying expenses and other liabilities, you will have an annual profit of Rs.6 lakhs.
Get project report from here If you want to start this business then at http://www.mudra.org.in/.undefined you will get complete information about it.
Hindi News18 Read the first breaking news in Hindi Read today’s latest news, live news updates, most reliable Hindi news website News 18 Hindi |
Tag: small business, Business from home, Business concept, Business opportunities, make money, How to earn money, New business ideas
First Published: July 18, 2021, 05:27 IST
