If you want to do some business then we are giving you such a better idea. In which you will earn bumper income. This business can be started by investing a little money and can earn a good amount of money in a month. Actually, you can set up a Cutlery Manufacturing Unit. The best thing is that you will also get help from the Mudra Scheme of the Government of India to start a business. Let us tell you that cutlery manufacturing unit is one such business. Whose demand remains in every house.
Apart from this, cutlery is in demand at parties, weddings, picnics, and food shops. At the same time, hand tools and some important tools used in farming can also be made from cutlery. Besides, you can also export it on a larger level. Apart from home products, you can also make other tools in this.
Cost of Cutlery Business
You can start the business of metal cutlery manufacturing (Cutlery Manufacturers Business). To start this business you should have only Rs 1.14 lakh. For this you can take a loan under the government’s Mudra Scheme. You will have to spend around Rs 1.8 lakh for setup. For this you will need welding set, buffing motor, drilling machine, bench grinder, hand drilling, hand grinder, bench, panel board and other tools. Apart from this, you will have to spend around Rs 1.2 lakh on raw material. According to the report, with this amount of raw material, 40,000 cutlery, 20,000 hand tools and 20,000 agricultural implements can be manufactured every month.
Know how much you will earn from cutlery business
According to the government project report, the finished product is expected to generate sales of Rs 1.10 lakh every month. Its manufacturing will cost around Rs 91800 every month. According to this, you will make a profit of more than Rs 18,000 every month. After repaying the loan and deducting incentive expenses, your net profit will be more than Rs 14,400.
Apply for loan like this
If you want to take a loan to start a cutlery business, you can apply in any bank under the Pradhan Mantri Mudra Yojana. For this, a form will have to be filled, in which all the details like name, address, business address, education, current income and how much loan is required will have to be given.
Business Idea: Earn money even by working part time, start cotton buds business