All over the country, from small cities, towns, and villages to metro cities, the demand for soap is always there.
This business can prove to be very beneficial for you. With a very small investment, a factory can be started for making soap. To start this business, the Central Government is giving loans up to 80 percent. Under the Mudra Scheme, not only it is easy to get a loan, but the entire project of the business can also be prepared.
To start the soap business you will need 4 lakh rupees as the initial capital.
Annual Profit
According to the Project Profile Report of the Mudra Scheme, you will be able to produce about 4 lakh kilos in a year, with a total value of around 47 lakhs. After paying expenses and other liabilities, you will earn a profit of 6 lakh rupees annually.
Government Sanctions
You will have a lot of ease in doing this type of business because the first thing is that the government provides its complete detail report. Every aspect related to business has been included in this. Apart from this, you can also get loans up to 80 percent. You don’t even need to prepare a project report for the loan, because the government has already made it, you can use the same.
Machinery & Other expenses
To install this unit you will need a total of 750 square feet of area. It will have 500 square feet covered and the rest uncovered. It will take a total of 8 devices including machines. The cost of installing the machines will be just 1 lakh rupees.
It will cost a total of 15,30,000 rupees to put this whole setup. This includes space, machinery, a three-month working capital. Out of this, you will have to spend only Rs 3,82,000, because you can take the rest of the loan from banks.
How The Government Can Help?
To start a business, you have to invest Rs. 4.23 lakh yourself. Working capital loan required is Rs 9 lakh, term loan at Rs 3.65 lakh, total expenses will be Rs 16.88 lakh. For this, under the Pradhan Mantri Mudra Yojana, you can apply to any bank.
For detailed information on the scheme click on the link and start your business today http://www.mudra.org.in/.
Also Read: Top 10 Small Town Business Ideas With High Profit Rates For 2020
