If you are thinking of starting your business at low cost, then today we are telling you about a great business idea. You can start it at low cost. You can earn a lot every month by selling in the local market. This paper is a business of Paper Straw Making. This business has gained momentum after banning single use plastic in India. Due to the increasing demand for paper straw in the market, its manufacturing is becoming a big business. In such a situation, Paper Straw Making Business can be a better option. With this, you can earn in millions.
Let us know that the Government of India has banned single use plastic from 1 July 2022. Due to which plastic items are disappearing from the market. One of them is plastic straw. The demand of which is very high for beverages. This decision of the government has increased the demand for paper straws at the place of plastic drinking straws.
How to start paper straw business?
A project report has been prepared on the Khadi and Village Industries Commission (KVIC) paper straw unit. According to this report, approval and registration will be required from the government before starting the business of making paper straw. This project may require GST registration, industry Aadhaar registration (optional), brand name of the product. Not only this, basic things like NOC will be required from the State Pollution Control Board. Business license will have to be obtained from the local municipal authority.
Paper Straw Business Cost
According to KVIC, the project cost of paper straw making business is Rs 19.44 lakh. Out of this, you have to spend only Rs 1.94 lakh from your pocket. The remaining 13.5 lakh rupees can take a term loan. You can finance Rs 4 lakh for working capital. This business will start in 5 to 6 months. You can also take a loan from PM Mudra Loan Scheme to start a business.
Increased demand for paper straw
Straw is used for it when you drink cold drinks, coconut water, lassi or any other drink in any hotel. Straw demands from small juice business to big dairy companies. Due to the awareness of the environment, the demand for paper straw is increasing day by day.
Need raw material for paper straw
Paper straw requires three things in raw materials. It requires food grade paper, Food Grath Gum Powder and Packaging Material. In addition, a paper straw making machine is required. The price of which is around 900000 rupees.
Know how much will be earned from paper straw
Paper Straw (Paper Straw) earnings in the making business can be in millions. According to the KVIC report, if you start making paper straws with 75 per cent capacity, then your gross cell will be Rs 85.67 lakh. It will earn Rs 9.64 lakh annually after all expenses and tax withdrawn. That is, there will be more than Rs 80,000 income every month.
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