MSME Business Ideas: Big profits will be made at a low cost

Prabu Dass, Central Desk: If you are planning to start a small business sitting at home with low investment, then today’s article is for you. In this article, we will tell you how you can start your own business from home through MSME business i.e. Micro Small and Medium Enterprise.

There are often ups and downs in business. Sometimes such situations also arise that the businessman needs financial help. To meet these needs, MSMEs manage loans with the help of banks. For this, a system has been developed which is called MSME Business Loan.

For this, you will have to register your business with MSME, after which the government will help you in your business. Under this, the businessman gets easy money to fulfill his needs and he can easily run his business on track.

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At the same time, financial institutions giving loans to businessmen also get business. Overall, the business that joins the MSME business only benefits. So let’s know some such MSME business ideas with the help of which you can earn big and achieve success.

agarbatti making business

The Government of India has now approved an employment generation program proposed by the Khadi and Village Industries Commission to make the country self-reliant in agarbatti production. The name of this mission has been named ‘Khadi Agarbatti Self-reliant Mission’.

Its main objective is to provide employment to most of the people of the country and to increase domestic incense sticks production. If you are also thinking of starting your own business, then you must definitely contact a business coach. With the right guidance from a business coach, you can give your business the right direction.

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You can earn a good income by starting the work of incense sticks production. To make incense sticks, you will need wood, white sandalwood, charcoal, google, gum powder, bamboo, Nargi’s powder, aromatic oil, water, cents, etc. as raw material. The cost of a small incense stick-making machine ranges from Rs 35 thousand to Rs 1.75 lakh. With just this stuff, you can start an agarbatti-making business and earn a lot.

jute bag making business

If you start the business of making jute bags, then it is going to be very beneficial for you. This business related to MSME is a low-cost business that you can start with a cost of Rs 25,000. Jute is a biodegradable item that is very friendly to the environment.

There is a huge demand for jute sacks in the market. Jute sacks are much needed in Galla Mandis, FCI godowns, Paddy, Flour Mills, Potato Cold Stores, etc. There are ups and downs in business. Many times a person gets frustrated due to a lack of growth in business.

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In such a situation, instead of getting frustrated and upset, one should definitely contact the Motivational Coach. If you want to set up a Jute Bag Making Unit then you have to buy around 5 sewing machines, it should have 2 heavy-duty machines. Your expenditure on these machines is about 90,000 rupees. In this, you also get a loan along with raw materials. In this business, you can earn more profit with less cost.

spice business

One of the MSME business ideas is the spices business. Every Indian kitchen is incomplete without spices and it is a daily use item. Due to this, the demand for spices in the market is very high and from this perspective, there is a lot of potential in this sector.

For this business, you only need raw material which is black pepper, turmeric, dry chili, cumin, coriander, etc. Some special machines are needed for this business, with the help of which the quality of spices can be maintained. Twenty thousand to fifty thousand rupees will have to be spent to start the business of spices. For this, you also get loans easily from MSME. All you have to do is choose the right place for drying, grinding, and packaging the spices. There is immense potential for profit in this business.

These three MSME business ideas can prove to be a better business option for you. With its help, you can start a good business and earn big money.