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.
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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.
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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.
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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