What is a low investment business to earn better?
- Pickle making business is one of the low investment businesses:
Pickle is a traditional food item of Indian country which is quite popular. You will find this easily in every Indian home. If you are thinking of starting a small business, then this can be a good startup for you, because it is a business that is safe and easy. Apart from the country’s markets, it is also in great demand abroad. You can easily start this business from your home only with an investment of 20 to 25 thousand rupees.
Is there any other requirement to start this business?
Licenses and Permissions Required for Business:
A license is required for this business. You have to get a license by the Food Safety and Standards Authority, also known as FSSAI.
- Jute Bag Making Business:
Most countries have banned plastic bags. In such a situation, the business of making jute bags can prove to be a good option for new businessmen. The process of making bags is quite easy. If you are thinking of starting this business, then you can start it even in a small capital investment of only 50 thousand to 1 lakh rupees. For this, you need about 500 square feet of small space.
If you are worried about the investment then you can take a loan from the government scheme for which PM says:
People who want to start their own business. To help them, the government is making several schemes. One such scheme is named “Pradhanmantri Mudra Yojana”. Under this scheme, you can start your own business by taking a loan from the government. The government provides loan facilities to people under this scheme. In the Pradhan Mantri Mudra Yojana, business-related loans are divided into 3 categories of different types. Under which customers can take loans ranging from 50 thousand to 10 lakh according to their business.
Are there any licenses and permits required for this business?
Yes, Licenses and Permissions Required for Business:
To start this business, you do not need much paperwork, but there are some minor procedures that you must follow. like –
- Registration of firm
- Trade license
- Ssi unit
- GST registration
- IEC Code
What are the three categories of this Loan Scheme?
- Shishu Loan:
The limit of this loan has been fixed at 50 thousand rupees. Under this, you can start a low investment business, etc.
- Kishor Loan:
The limit of this loan has been fixed from 50 thousand to 5 lakh.
- Tarun Loan:
The limit of this loan was fixed from 5 lakh to 10 lakh.
This loan scheme run by the government can be availed by any Indian citizen who is thinking of doing a new start-up with low investment business.
Where to sell products?
After preparing your product, you can sell it directly to the government on GeM, by getting a simple GeM registration. You can also sell a tailoring material shop, tailor shop or general stores, supermarket, etc. But this will be a good platform for you because the government will buy your goods directly here. You can earn by selling your goods offline as well as online on GeM.
How to start-up a low investment business on GeM?
After completing these all required fields you can sell these products “Achaar” and “jute products” on GeM by getting registration on GeM. And, after getting GeM Registration for your start-up you can available for upload products on GeM.
What is mean by “Upload product” on GeM?
Upload product means it is an option on GeM for a product listing that is the next process for Start-up business with GeM. It is mandatory for the seller to upload their products under the GeM product listing.