Business Opportunity: Start your business in just 35 thousand rupees, you will earn lakhs!

New Delhi: If you are also planning to start a business, then today we will tell you about a business through which you can earn. Actually, currently procurement of paddy is going on for Kharif 2020-21. In this season you can earn good income by setting up a rice processing unit. The government will also help you in starting this business. If you want, you can start this business with the help of Mudra loan. Let us tell you how much money will be required to start this business and how much will be earned-

You will need so much space
Profile of many projects has been prepared by Khadi and Village Industries Commission. On the basis of these profiles, you can prepare the report of your project and apply for loan. According to this report, if you want to start a rice mill, also known as paddy processing unit, then you will have to take a shed of about 1000 square feet on rent.

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After this you will have to buy paddy cleaner with dust bowler, paddy separator, paddy deuser, rice polisher, bran processing system, aspirator. It is estimated that around Rs 3 lakh may be spent on all this. Apart from this, approximately Rs 50 thousand will have to be kept as working capital. In this way you can start a rice mill in Rs 3.50 lakh.

How much money will it cost?
You will have to spend Rs 3.50 lakh to start this business. Apart from this, if you do not have that much money to invest in business then you can take Mudra loan. The government gives you 90 percent loan facility in this. That means you can start this business by investing only Rs 35,000.

Will get 90 percent support
If you want to take financial support from the government, then you can apply for a loan under the Prime Minister’s Employment Generation Program (PEGP). Under this scheme, up to 90 percent loan is given. Loan can be applied for online. Click on this link – https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp

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how to earn money
Under the project, you process about 370 quintals of rice. Its cost of production will be around Rs 4.45 lakh, whereas if you sell all the goods further, your sales will be around Rs 5.54 lakh. That means you can earn up to approximately Rs 1.10 lakh.