Success Story: Use of machines in farming increases both production and productivity. But due to poor economic condition, most of the farmers are not able to buy expensive machines. This young man recognized this opportunity and started a business
Success Story: Use of machines in farming increases both production and productivity. But due to poor economic condition, most of the farmers are not able to buy expensive machines. Selvaperumal, a resident of Tiruvannamalai district of Tamil Nadu, set up a Custom Hiring Center (CHC) to provide agricultural machines on rent to farmers. Through this, they are earning a lot by giving machines on rent to farmers.
What is Custom Hiring Center
Custom Hiring Center (CHC) is a place where agri machines are made available on rent to farmers. However, there are small and marginal farmers whose financial condition is not very good due to which they are unable to buy expensive agricultural machines, they get benefit here.
Started business by taking loan
After training at an NTI National Agro Foundation under the Agri-Clinic and Agri-Business Center scheme, Selvaperumal decided to purchase a paddy combined harvester. He tried to get a bank loan but it got delayed due to formalities. To avoid losses for one season, he bought a combined harvester using his savings and borrowing from relatives.
Earning lakhs every month
‘Selvaperumal Paddy Harvester’ provides combined paddy harvesters on rent to paddy growers. Selvaperumal runs his harvester for about 150 to 200 hours per month during the harvesting season. Earn Rs 2,30,000 every month on rent of Rs 1300/hour. Every month Rs 90,000 is spent on diesel and Rs 18,000 is spent on maintenance. Selvaperumal himself drives the harvester, so he did not need a driver except an assistant.
According to the management, their average monthly profit during the harvesting season is Rs 1,15,000/-. Selvaperumal also advises paddy growers on the primary components of paddy processing and avoiding post-harvest losses.