New Delhi: If you are also planning to start a business, then today we will tell you a business through which you can earn money. Actually, at this time the purchase of paddy is going on for Kharif 2020-21. In this season, you can earn good money 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 the income-
you will need so much space
Khadi and Village Industries Commission has prepared profiles of many projects. Based on these profiles, you can prepare a report of your project and apply for a loan. According to this report, if you want to start a rice mill, also known as paddy processing unit, then you will have to rent a shed of about 1000 square feet.
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After this you will have to buy Paddy Cleaner with Dust Bowler, Paddy Separator, Paddy Dehusker, Rice Polisher, Bran Processing System, Extractor. It is estimated that all these can cost around Rs 3 lakh. Apart from this, you will have to keep about Rs 50 thousand as working capital. In this way you can start a rice mill for 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 the business, then you can take a Mudra loan. The government gives you 90 percent loan facility in this. That means you can start this business by investing only Rs 35000.
You will get 90% support
If you want to get financial support from the government, then you can apply for a loan under the Prime Minister Employment Generation Program (PEGP). Up to 90 percent loan is given under this scheme. Loan can be applied online. Click on this link – https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp
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How will you 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 Rs 1.10 lakh.
Tags: Earn money, how to earn money
FIRST PUBLISHED : November 6, 2020, 07:00 IST