Business: Plastic and thermocol plates and glasses, while commonly used, are not environmentally friendly. A better alternative has now become available in the market. This fresh product on the market is unique and environmentally friendly. In other words, it is not damaging to the environment. There is a high level of interest in betel nut leaf cups and plates in the market.
Environmentally-friendly plates for business
Nowadays, most people are using betel nut leaves plates, which means you can also make a good income from home by making these plates. In this scenario, producing environmentally-friendly plates for business purposes could be a lucrative opportunity. The KVIC has developed a project report for a unit that manufactures plates from arecanut leaves. The report states that the manufacturing unit cost for arecanut leaf plates is Rs 8.70 lakh.
Will only cost you 87 thousand rupees
Based on the report, starting a arecanut leaf plate manufacturing unit will only cost you 87 thousand rupees out of your own pocket. You have the option to fund the rest of the balance. You have the option to borrow a term loan of 4.91 lakhs Indian rupees. To cover the working capital, you will need Rs 2.92 lakh, which you can fund. The palm-shaped leaves are long, measuring 1.5-2 meters in length. The foliage of the betel nut tree is utilized in crafting plates. The betel nut leaves go through collection, pressure washing, cleaning, sun drying, and shaping into plates and cups with high temperature and pressure. Restaurants are more and more utilizing disposable plates, cups, utensils, bowls, and other items to serve food. The KVIC report states that by utilizing 100% capacity to make plates from arecanut leaves, you can generate sales of Rs 75.73 lakh annually.
Probable profit in a year
As per the report from KVIC, a profit of Rs 2.59 lakh is expected in the initial year after all costs have been subtracted. Each year, your earnings will see a rise. In the second year, you can earn 3.26 lakh rupees, 3.74 lakh rupees in the third year, 4.29 lakh rupees in the fourth year, and 4.97 lakh rupees in the fifth year.
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