Bakery Business: Are you thinking of starting your own business then the bakery products business can be a great option for you.
The government is giving up to 80% subsidy to start this business. What a thing, isn’t it. In this article, we will tell you how you can start this business and take advantage of the government subsidy.
Low cost, high profit
The bakery products business is growing very fast nowadays. Things like biscuits, bread, and cake are used in every house.
In such a situation, if you set up a unit to make bakery products, then this can be a golden opportunity for you.
The best thing is that this business can be started both in villages and cities. And you can earn good profits at low cost.
Successful business with the help of the government
If you want to step into the bakery industry, then the Modi government is helping you completely. You can start a bakery business under the Mudra scheme.
In this, you have to invest only Rs 1 lakh, the remaining 80% money will be given by the government.
According to the government, you can earn a profit of more than 40 thousand rupees every month from this business.
How much will it cost
It will cost you a total of Rs 5 lakh to start a bakery products business. Out of this, you have to invest Rs 1 lakh yourself and you can take a loan for the rest of the money under the Mudra scheme.
You can get a term loan of Rs 2.87 lakh and a working capital loan of Rs 1.49 lakh from the bank.
How much space is needed
To run this business well, you will need about 500 square feet of space. If you do not have your own place, you can also start work by renting a place.
How much will be the profit
It will cost you about Rs 4.26 lakh annually to make bakery products. But by selling these products, you can earn Rs 20.38 lakh.
Even after deducting the remaining expenses like administration, bank interest etc., you will still have a profit of Rs 4.2 lakh annually. That is, an income of about Rs 40 thousand every month.
Apart from this, you can also earn more profit by customizing the products according to the demand of your local market.