Business Idea: Earn Upto Rs 9.48 Lakh Per Year By Investing Own Capital Of Rs 1.79 Lakh In This Venture

February 12, 2024

For those of you who are thinking about launching a side venture in addition to their primary employment or business,

For those of you who are thinking about launching a side venture in addition to their primary employment or business, there is a great business idea that you can start. Even with a small initial investment, this business can make significant profits. It doesn’t take a lot of money to launch this business. You can start it in your home with the help of a small machine. 

The government is also helping with the start-up of the bindi-making business. Through the Pradhan Mantri Mudra Yojana initiative, you can apply to any bank for a loan up to Rs 10 lakhs to start your business. 


You could operate the business out of your house, and if it starts to turn a profit, you can buy larger equipment to keep up the operations. You don’t need any specialized knowledge or training to operate this business. It is easily startable by women. The government is also helping in the establishment of this business. This is the bindi-making business. 


Bindi has cultural connotations due to the fact that married women wear bindi to represent their marital status. However, bindis are also worn by young girls and single women as a sign of their high fashion sense. Bindi comes in a wide range of hues and shapes. In every place, whether it is a city or a village, there is a huge demand for bindi. The business of making bindis is open all year round. So, when started, this venture will yield substantial financial gains. 


The Khadi and Village Industries Commission has prepared a project report on setting up a bindi manufacturing unit. According to the project report, the overall cost of setting up the unit will be Rs. 18.85 lakh, out of which your own capital will be Rs 1.89 lakhs. There will be working capital of Rs. 5.49 lakh. 



Particulars Amount
Land Rented/Owned
Building & Civil Work: Rs 6 Lakh
Plant & Machinery: Rs 6.25 Lakh
Furniture & Fixtures: Rs 50,000
Working Capital Requirement: Rs 5.18 Lakh


Term Loan: Rs 11.48 Lakh
Working capital: Rs 4.66 Lakh
Total: Rs 17.93 Lakh

 

Bindi making business is an extremely profitable business which will help you earn lakhs of rupees when done in the correct manner. The government report estimates that if you are making and selling bindis correctly, along with correctly preparing them, the annual sales turnover will be Rs. 45.60 lakhs. 

You can sell the bindis to cosmetic shops, beauty parlors, general stores, malls, super markets, shops etc. You can also set up stalls to sell your bindis.  Additionally, listing your product online can help you make a healthy profit.

The KVIC feasible report giving a Five Year’s Projected Profitability Statement on Bindi Making Business said that in the first year you can see a net profit of Rs 2.68 lakh, Rs 3.51 lakh in the second year, Rs 5.62 lakh in the third year, Rs 7.61 lakh in the fourth year and

Source

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