Modi government is focusing on Start-Up India Mission. Under this mission, the government gives loans to start a new business. In such a situation, if you are also planning to start a business, then we are telling you about a particular business. In which you can add regular income tax with very low investment.
In such a situation, if you are willing to invest only 1 lakh rupees, then you can make an income of 14 to 15 thousand rupees every month. Under the manufacturing unit of a product made of metal, hand tools from Knives and even some tools used in farming can be made.
Knives are in demand in every household. In such a situation, if you are able to do only better marketing of your product, then the business can be increased further.
- Spending on set-up: 1.8 lakh rupees. It will include machinery such as welding sets, buffing motors, drilling machines, bench grinders, hand drilling, hand grinders, benches, panel boards, and other tools.
- Expenditure on Raw Material: 1.20 lakh rupees (Raw Material for 2 months) Note: According to the report, 40 thousand Knives, 20 thousand hand tools, and 20 thousand agricultural implements will be ready every month.
- Salary and other expenses: 30 thousand rupees a month
- Total expenditure: Rs 3.3 lakh
Explain that out of this, only 1.14 lakh rupees will have to be spent. In the remaining expenditure, the government will help by providing a term loan of about Rs 1.26 lakh and a working capital loan of Rs 90,000.
How will be Earning
Estimates of monthly sales of Rs 1.10 lakh are made through the product prepared in the assessment given in the project report. While the production cost will come to Rs 91,833. That is, gross profit will be around Rs 18,167. In this, according to the interest rate of 13 percent loan, the monthly amount will have to be deposited Rs 2340. While the incentive cost will be around Rs 1,100 per 1 percent. That is, the net profit will be Rs 14,427 monthly.
How Can Apply
For this, under the Pradhan Mantri Mudra Yojana, you can apply to any bank. For this, you have to fill a form in which details like name, address, business address, education, current income and how much loan is required.