Start these business
Demand of trendy and stylish footwear has increased tremendously. Between the demand for footwear, you can make a career in this sector. That means you can earn a good start by starting footwear manufacturing unit. Demand is more than expected to succeed in your business. The special thing is that for this business the government is also supporting its currency scheme.
What is the project cost
The total expenditure in footwear manufacturing's business start-up is estimated at Rs 41.32 lakh. But from this, you have to invest only 16.32 lakhs from yourself.
>> Land – 4 lakhs
>> Building – 8 lakhs
>> Plant and Machinery – Rs. 19,85,990
>> Electrification – 96,610
>> Pre Operation Cost – 35,000
>> Other expenses – 33,000
>> Working Capital – Rs 7,81,450
>> TOTAL – 41,32,050
Government to support loans
Working capital loan: 3 lakhs
Term loan: Rs 22 lakhs
These loans will be easily accessible from any bank under the money scheme.
Such profit would be
Monthly turnover of Rs 16.32 lakh, which has been prepared on the investment, can be Rs 9,07,050.
>> Cost of production- Rs 8,26,080 per month
>> Net Profit – Monthly Rs 80,970
>> Annual Sales – 108.90 Lakhs
>> Annual Profit – 9.72 Lakhs
How to Apply for Loan
You can apply for this in any bank under the Prime Minister's Money Scheme. For this, you have to fill in a form in which the details will be given. Name, address, business start address, education, current income and how much loan should be required. There would not have been any processing fees or guaranteed fees. You can return the loan amount in 7 years.
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