Business Idea: In today’s world, women are just as capable as men, yet various factors may prevent them from venturing out regularly. Many housewives, in addition to managing their households and children, aspire to pursue unique opportunities. If you are a housewife looking to launch a home-based business, we have some suggestions for you.
Papad Making Business
Starting a papad-making business is an excellent opportunity for women in the food sector. This venture requires minimal initial investment and is accessible to anyone. Papads are thin, crispy snacks that are in high demand, and the production process is straightforward. This business has proven to be both successful and profitable for women entrepreneurs, with potential profits ranging from 30-40%. For instance, if you invest Rs 1 lakh in raw materials, you could produce and sell papads for approximately Rs 1.3-1.4 lakh.
Under the Mudra scheme, you can secure a loan of Rs 4 lakh at a low interest rate. Reports indicate that with a total investment of Rs 6 lakh, you can achieve a production capacity of around 30,000 kg, requiring about 250 square meters of space.
What are the startup costs for a papad business?
The initial costs encompass both fixed and working capital. Fixed capital includes expenses for two machines and packaging equipment, while working capital covers three months’ salaries for staff, raw materials, and utility costs. Additionally, you should account for expenses such as rent, electricity, water, and phone bills.
Requirements for starting a papad business
To kick off this venture, you will need a minimum of 250 square feet of space. You will also require three unskilled workers, two skilled workers, and a supervisor. With a loan of Rs 4 lakh available to you, your personal investment would only need to be Rs 2 lakh.
How to secure a loan for starting a papad business?
To launch your papad business, consider applying for a loan through the Pradhan Mantri Mudra Loan Scheme available at various banks. You can choose any bank that offers this scheme, and you will have the flexibility to repay the loan over a period of up to five years.
Earnings from the papad business
Once you have prepared the papad, you can sell it in the wholesale market. Additionally, you can boost your sales by reaching out to retail shops, grocery stores, and supermarkets. It is estimated that with an investment of around 6 lakh rupees, you could potentially earn about 1 lakh rupees each month, with profits ranging from 35,000 to 40,000 rupees.