Business Opportunity: Want to start a business but don't have funds and can't even spend big, then the Modi government's plan is for you. Under this scheme, you will also get funds and also get the benefit of a subsidy. Can start small cost business. Let us know about it in detail.
If you also want to start your business and you are short of funds, then there is good news for you. Small-cost businesses can also do wonders. Modi government will help you in starting a business with an investment of 2 to 3 lakh rupees.
Actually, under the Mudra scheme of the Modi government, small businessmen get loans easily. To start a business, 75 to 80 percent of the loan amount comes from the government's scheme. You can also earn by starting your own business. Let us know which business ideas cost 2 to 3 lakh rupees.
Papad Manufacturing Unit
You can also start the work of making papad under the Mudra scheme.
How much investment is required: This business can be started with an initial investment of Rs 2.05 lakh.
How much loan will be available: A loan of Rs 8.18 lakh can be availed for the papad unit.
The benefit of subsidy: You will also get a subsidy of Rs 1.91 lakh for the papad unit under the government's Entrepreneur Support Scheme.
Light Engineering Unit
Under the Mudra scheme, you can start a manufacturing unit of light engineering (such as nuts, bolts, washers or nails, etc.).
How much investment is required: You will need Rs 1.88 lakh to set up this unit.
How much loan will you get: Under the Mudra scheme, the bank will give you a loan of Rs 2.21 lakh as a term loan and Rs 2.30 lakh as working capital.
How much will be the benefit: About 2500 kg of nuts and bolts will be able to be made in a month. After taking out the expenses in a year, there can be a profit of about 2 lakh rupees.
Curry and Rice Powder Business
The demand for curry and rice powder is increasing in India. In such a situation, you can also start this business.
How much investment is required: For this business, you will need an initial investment of Rs 1.66 lakh.
How much loan will you get: Under the Mudra scheme, you will get a term loan of Rs 3.32 lakh and a working capital loan of Rs 1.68 lakh from the bank.
What will be the advantage: The advantage of starting this business is that you will not need any experience for this. Its recipe has been given in the project profile on the website of Mudra Bank.
Wooden furniture business
If you want to start a business of wooden furniture, then the Modi government's scheme will help you with this too.
How much investment is needed: To start this business, you should have around 1.85 lakh rupees.
How much loan will you get: Under the Mudra scheme, you can get a loan of about 7.48 lakh rupees under the composite loan from the bank. In this, you will need Rs 3.65 lakh as fixed capital and Rs 5.70 lakh for working capital for three months.
How much profit will you get: You will start getting profits only after starting this business. By taking out all the expenses, you can get the benefit of 60 thousand to 1 lakh rupees.
Computer assembling business
If you want to do computer-related business, then you can do computer assembling work.
How much investment is required: To start this business, you will need an initial investment of Rs 2.70 lakh.
How much loan will you get: You can get a loan of Rs 6.29 lakh from the bank.
How much will be the profit: 630 units are made in a year and by selling them, there can be a profit of up to 3 lakh rupees. For this, a fixed price has to be fixed.
Get a cheap mudra loan
People who wish to start a business can apply for a loan under the Mudra scheme. You will get this loan from any nationalized or private bank. Mudra Bank does not have any branch of its own. That's why the loan will be available for Mudra loans only through government and private banks. The specialty of this loan is that this loan is available 1-2% cheaper than other loans.
