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Earning up to 15 thousand rupees every month, add to this business 1.14 lakh – new business idea Start Metal Product Manufacturing Unit Mudra Loan Scheme Best Business Opportunity

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If you believe that a large amount of money is needed to do business, it is not so. With the help of Modi Government, you can start your work by spending within 1.5 lakh rupees. If you have 1.14 lakh rupees then you can earn up to 15,000 rupees per month. It will help you in the government's currency scheme. Government has prepared project reports for various types of business under the money scheme. In this case, a project report is to start the production unit of the product made from metal.

The manufacturing unit of metal products can be made from cutlery hand tools and even some farming tools. The cutlery demand is in every home. In this case, if you are able to do better marketing of your product, then the business can be further enhanced.

Read also: Modi Government gives gifts to 3.6 million employees

Understand the complete project

>> Cost on Set-up: 1.8 lakhs
There will be machinery such as welding sets, buffing motor, drilling machine, bench grinder, hand drilling, hand greener, bench, panel board and other tools.

>> Spending on RAW Material: Rs 1.20 lacs (Raw Material for 2 months)
Note: According to the report, 40 thousand cutlery, 20 thousand hand tools and 20 thousand agricultural inputs can be prepared in such raw material every month.
>> Salary and other expenses: 30 thousand rupees per month
>> Total expenditure: 3.3 lakhs

Let me tell you that only about Rs 1.14 lakh will be spent on it from yourself. In the remaining expenditure, the government will help by giving a term loan of Rs 1.26 lakh and working capital loan of Rs 90,000.

Read also: Modi Government's gift to farmers, now in 14 days Kisan Credit Card

Earnings will be such

According to the project report, the estimated product of 1.10 lakh by means of which product will be prepared in the above given estimate. While production cost will be Rs 91,833. That is, gross profits will be around Rs 18,167. In this, the monthly interest rate of 13 percent will be Rs 2340. While the incentive cost will be around 1100 rupees per 1 cent. That is, the net profit would be Rs. 14,427 per month.

Can apply

You can apply for this in any bank under the Prime Minister's Money Scheme. For this, you will have to fill out a form, which will include details such as name, address, business address, education, current income and how much loan you want.

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