The government will also help you start this business. The government will help you through the money scheme. Government has prepared project reports for various types of business under the money scheme. There is a project in it, where you have to invest only Rs 1 lakh from yourself. Know what is the use of these projects and how they can benefit …
Start these business
The project report prepared under the money scheme is a business, the product of the metal-manufacturing product manufacturing unit. There are cutlery hand tools and even some farming tools can be made. 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. The special thing is that according to the project report, it will cost about 3.30 lakh rupees to start this business. But if you want to do it, the Government will help 2.16 lakh rupees in easy installments.
Manufacturing unit cost-
Spend on set-up: 1.80 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.120,000 (Raw material for 2 months)
Every month 40,000 cutlery, 20 thousand hand tools and 20 thousand agricultural inputs will be ready in Raw Material.
Salary and other expenses: 30 thousand rupees per month
Total Expenditure: 3.3 Lakhs
Out of this, only Rs 1.14 lakh will be spent on embezzlement. 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 thousand.
Earnings will be such
According to the project report, the estimated product of 1.10 lakh is estimated by the product which will be prepared in the above given estimate. While the production cost will be Rs 91,833. That is, the gross profit will be around 18,167 rupees. It has to deposit Rs 2,340 per month according to the interest rate of 13 per cent. While the incentive cost will be around 1, 000 per 1 cent. That is, the net profit would be 14,427 rupees per month.
Can apply under the money scheme
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. There would not have been any processing fees or guaranteed fees. The loan can be returned in easy easy installments.