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Starting at the cost of only 35 thousand, this business will be big earning – Business Opportunity Start Rice Processing Unit With Support Of Kvic – jj
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Starting at the cost of only 35 thousand, this business will be big earning – Business Opportunity Start Rice Processing Unit With Support Of Kvic

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News18Hindi

Updated: June 17, 2019, 9:00 AM IST

If you want to do business and you do not have much money to invest in the business, then there is no need to be frustrated. The government is encouraging business people and giving financial help to them. You can apply Rice processing unit for only 3.50 lakh rupees. If you do not have enough money then you can take up to 90 percent loan from the government. That is, if you have 35 thousand rupees then you can work on the plan to set up this unit. Indeed, the Khadi Village Industries Commission financially supports such business up to 90 per cent and such businesses are given loans through banks. Know that a paddy processing unit, also called rice mill, how much investment will be and how you can get rice. Also, you will also know how much you will get a loan and how much income will be.

How much will start in rice processing unit

Khadi and Village Industries Commission has prepared a profile of many projects. Based on these profiles, you can prepare your project report and apply for a loan. According to this report, if you want to start rice mill which is also called Paddy Processing Unit, you will have to take around 1000 sq ft shed for rent. After this, you will have to buy Paddy Cleaner with Dust Bowler, Padma Separator, Paddy DiuÅŸkaar, Rice Polisher, Bran Processing System, Espriter. It is estimated that about Rs 3 lakhs can be spent on all these. Apart from this, you have to keep about 50 thousand rupees as a working capital. In this way you can start rice mill at Rs 3.50 lakh. Read also: This will not be the case of cash, this rule related to changed ATM

Get 90 percent support

If you want to get financial support from the government, you can apply for loan under the Prime Minister's Employment Generation Program (PEGP). Under this scheme, loan up to 90 percent is given. Loan can be applied online. Click this link – https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp

How will earning

Under the project, you process approximately 370 quintals of rice. Its cost of production will be around 4.45 lakh rupees, while if you sell all the goods then your sales will be around 5.54 lakh rupees. That is, you can earn up to Rs 1.10 lakhs.

Read also: SBI tells customers to keep money safe and follow, if you follow then do not feel lonely

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