If you also want to start your business and you are short of funds, then this article might help. The following business ideas can be started with an initial investment for Rs 2-3 Lakhs and rest you can avail of a loan with the help of various government schemes.
1. Pappad Manufacturing Unit
A pappad manufacturing business does not require a huge investment however can fetch you great results. For establishing the manufacturing unit first, you need to acquire a space.
The best part is that you can start this business as home-based as well. Make sure you have adequate water supply and electricity. Even if you operate the unit with a manual machine then also you must have the electricity for general purpose.
Between manual to automatic, you will need to choose the machinery according to your desired quality and quantity output.
You can contact the shopping malls and departmental stores to sell your final product. Also, consider selling papad from online marketplaces like Amazon. These platforms are cheaper and have a larger reach that can fetch you good returns.
2. Light Engineering Unit.
The initial capital required for this business is around Rs. 1.8 Lakhs. The light engineering business could include products like Nuts, Bolts, Washer, etc.
Light Manufacturing Industrial Unit can start with a minimum 800 sq ft area, but it should be in the industrial area or just try to avoid the residential area because some state government doesn’t allow you to start the fastener making industry in the residential area.
There are different types of machinery are available in the market you have to choose the right machinery according to the investment and production demand for your fastener manufacturing industry.
With the right steps, you will be able to manufacture around 2500 KG of nut-bolts. On an annual basis, after deducting all the expenses, you can earn up to Rs 2 Lakhs from this business.
3. Wooden Furniture Business
Wood furniture is extremely resilient and requires very little maintenance. Wood is a long-lasting natural material that can stand constant abuse, whether it’s spilled in the kitchen or scratches in the dining room. Solid wood furniture can last for generations with minimum care.
This makes it easier to store and process. The country’s furniture market is expected to grow at a rapid pace due to rising disposable income, expanding the middle class and a growing number of urban households. In addition, the anticipated rise in tourism and hospitality sectors is also expected to spur the furniture demand in the country
4. Computer Assembling Business
Computer assembling business is one of the smartest ideas for computer-savvy people. If you have the knowledge and skill of software and hardware of a computer and know how to assemble computers, then computer assembling business is a great opportunity to start your own entity and use your skill to grow your business
The branded computers that are available in the market come with a huge price tag. That is the reason for which most people go for the assembled computer. There is a huge difference between the price of a branded computer with assembling computers. Over that, with an assembled computer, the customer can easily customize their whole computer system according to individual taste, need or budget
