The kitchen remains incomplete without onion. It is one of the most special stuff of kitchen. When onion prices start kissing the sky, it disappears from many kitchens. In such a situation, the demand for onion paste increases. In such a situation, if you want to start a business, then you can start a business of onion paste. This can prove to be a better idea for you. Being an easy technique, anyone can put it up its unit and earn well.
There is a lot of onion consumption in the country. Maharashtra, Madhya Pradesh, Karnataka has the highest onion yields in the country. In Lasalgaon, Maharashtra, there is the biggest market of onion. The crop has suffered a lot in Maharashtra and Karnataka due to heavy rains. In such a situation, you can also start the business of making onion paste.
How much will cost onion paste business?
Khadi Village Industries Commission (KVIC) has prepared a project report on the business of making onion paste. According to this, this business can be started for Rs 4.19 lakh. If you do not have money to start a business, then you can take a loan from the government’s currency scheme. According to the KVIC report, the total cost of installing onion paste manufacturing unit is Rs 4,19,000. It will cost Rs 1 lakh building shed and cost Rs 1.75 lakh on equipment (frying pan, autoclave steam cooker, diesel bhatti, sterilization tanks, small utensils, mugs, cups etc.). In addition, Rs 2.75 will be required to run a business. Through this unit, about 193 quintal onion paste can be produced throughout the year. According to Rs 3,000 per quintal, its value will be Rs 5.79 lakh.
This is how marketing
Packing it better after the onion paste is produced. Nowadays product is sold on designer packing. You can resort to marketing for its sale. Social media can also be used for this. Apart from this, if you have a budget, then you can promote your product by creating a company website.
How much will be earned?
The report estimated that if you produce onion paste with full capacity, you can sell Rs 7.50 lakh in a year. If all the expenses are reduced from it, then the gross surplus will be Rs 1.75 lakh. At the same time, permission net profit can be Rs 1.48 lakh.
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