Monday, October 25, 2021
HomeFinanceBest Business Idea: Great idea to establish a business, and the government...

Best Business Idea: Great idea to establish a business, and the government will assist you to the tune of 80%; do you know what the process will entail?

Best Business Idea: If you don’t have a lot of money but want to start a decent business, we have a great business plan for you that will allow you to earn thousands of dollars with a small investment. The best part is that the government will assist you in getting this business off the ground.

If you want to start your own business, we have a terrific concept for you where you can make a lot of money with a small investment. The best part is that the federal government will assist you in getting this business off the ground. Let us provide you with all of the details regarding this business opportunity.

This will be a tomato sauce business. Tomato sauce or tomato ketchup is in high demand these days. People have begun to use tomato sauce in their houses. If you want to start this business, you can apply for a loan under the Central Government’s Mudra Scheme. You only need to put in Rs 2 lakh. This business might generate Rs 28.80 lakh in annual revenue, with a profit of Rs 40 thousand each month.

Read More: OPPO’s New Phone with a big screen and a strong battery is coming, features leaked even before launch

Will cost so much

This business will cost Rs 7.82 lakh to start. There is a total of Rs 2.82 lakh in fixed capital (which includes all forms of machinery and equipment) and Rs 5.82 lakh in operating capital (includes tomato, raw material, ingredients, salary of workers, packing, telephone, rent etc. included).

It will only cost Rs. 1.95 lakh.

You will have to put in Rs 1.95 lakh of your own money for this. Aside from that, the money put into the firm would be available in the form of a loan, with a term loan of Rs 1.50 lakh. A working capital loan of Rs 4.36 lakh would be taken out. Under the Mudra scheme, any bank will be able to provide this loan. You must apply for a loan under the Mudra Yojana at a government or bank branch.

Submit an application like this

You can apply for this through the Pradhan Mantri Mudra Yojana at any bank. You must fill out a form in order to do so. This form requires you to fill up your personal information. There is no processing or guarantee fee in this transaction.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Subscribe

* indicates required