Updated: July 17, 2019, 9:45 AM IST
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.Read also: Government decision – stop this verification of driving license
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.
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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.
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