New Delhi. Due to the Coronavirus Pandemic, the demand for Ayurvedic products has increased significantly in the country. Many Ayurvedic products that increase immunity power against Corona have come into the market. Due to the increase in demand for Ayurvedic products during the Corona period, there are also opportunities for earning in this field. Among Ayurvedic products, the demand for Vati Gutika is very high. Almost every Ayurvedic company is making and selling Vati Gutika. This Ayurvedic medicine, known as Vati or Gutika, is useful in many types of diseases. If you have 50 thousand rupees, then you can earn by setting up an Ayurvedic Vati Gutika plant. To set up its unit, the government is giving up to 90 percent loan and up to 25 percent subsidy under the Prime Minister Employment Generation Program (PMEGP).
Khadi and Village Industries Commission (KVIC) has prepared a report on setting up a manufacturing plant of Vati Gutika. Its project cost is about 5 lakh rupees and if you apply for a loan under the Prime Minister Employment Generation Program, you should have 50 thousand rupees, the remaining 90 percent will be given to you as a loan.
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how much will it cost
According to the project report of KVIC, the cost of your project will be around Rs 5.06 lakh, which includes machinery-equipment, working capital, workshop rent etc. In this cost, you will prepare about 20 thousand Vati Gutika in a year.
Building rent Rs 2 lakh per annum, equipment Rs 2.10 lakh, working capital Rs 96 thousand, raw material cost Rs 3.35 lakh, label packaging Rs 25 thousand, salary Rs 4.25 lakh, administrative expenses Rs 1.50 lakh, overhead Rs 1.50 lakh, miscellaneous expenses Rs 10 thousand, loan interest Rs 66 thousand. Total working capital requirement (annual) will be Rs 4.18 lakh. Variable cost will be Rs 7.38 lakh and quarterly working capital will be Rs 96 thousand.
How much will you earn
In the project report, you will have to tell how much profit you will earn annually. For example, your cost of production from fixed cost and variable cost will be Rs 11.54 lakh. You have set a target of making 20 thousand vati or gutika and if you sell it at Rs 75 per piece, then your total annual sale will be Rs 15 lakh. You can make a profit of about Rs 3.45 lakh. That means you can earn about Rs 30 thousand every month.
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How to apply for a loan
If you want to take a loan for this project, you can apply online or contact the District Industries Center of your district or the district office of Khadi Village Industries Commission.
Tags: Business Opportunities, New Business Idea
FIRST PUBLISHED : August 21, 2020, 08:06 IST