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Modi authorities provides an opportunity to earn 10 lakh rupees yearly, enterprise begin this enterprise with the assistance of Modi Govenrment Mudra Mortgage Scheme – jj
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Modi authorities provides an opportunity to earn 10 lakh rupees yearly, enterprise begin this enterprise with the assistance of Modi Govenrment Mudra Mortgage Scheme

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There is a great deal of investment and profits in starting a business. We are telling you about such a business, wherein the profits are increasing even with higher investment. This business is linked to the government's MSME scheme, under which you get support from the government on starting the business. According to the government's structure of the business, you can be profitable up to Rs 10 lakh annually.

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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