Honey Business Idea: Here we are again to inform you about a new Profitable Business Idea which will help you earn in lakhs if done properly. It’s a unique and different type of business idea, which can make you rich. Adding to it, the government will also fully cooperate to start this business. People from both the village and the city can start this business. However, you can decide to do it on a large scale or small. We are talking about Honey profitable business idea. Know about how this business is done, how much investment is required, and what profits can you make by this business.
Start Honey Business to earn in lakhs:
You can do business of Honey House and Honey Processing Plant. Remember, honey is very beneficial for health and thus, it is a profitable business that can help you earn in lakhs. At present, many people are earning good money from this business. You can also get cooperation from the government in starting this business.
How can you do Honey Business?
It can be noted that, under the Ministry of Micro, Small and Medium Enterprises (MSME), many programs are run by the Khadi and Village Industries Commission. Honey house and processing plant can be used by them. Many big companies are also making honey and selling it in packing.
Investment in the Honey Business
As per the Khadi and Village Industries Commission (KVIC), if you want to set up a plant that makes 20,000 kilograms of honey, then it will cost about 24 lakh 50 thousand rupees. You can get a loan of 16 lakh rupees. Also, you can get 6 lakh 15 thousand rupees as subsidy. This means that you will have to invest a cost of only 2 lakh 35 thousand rupees in honey business.
Government Help in Honey Business
You can get a loan of up to 65 percent from the government and 25 percent subsidy from the commission if you want to do honey business. This means that you only have to invest up to 10%.
What are the Profits from Honey Business?
If the price of honey is Rs 250 per kilogram & you prepare about 20,000 kilograms of honey in a year, then sales of 48 lakh rupees can be done annually. By taking out all other expenses of the business, you can earn a profit of about 13 lakh rupees annually.
