Profitable Business Idea: The 2 years of the pandemic have left a huge impact on not just the health of people, but an endless number of people lost their jobs also. Even today when the nation seems to be swiftly moving back to new normal, many people who lost jobs are feeling despaired and helpless as they are not getting the right opportunity.
If you are finding yourself in a similar situation, don’t worry! In this article, we have come up an amazing business idea that needs only Rs 50K to start and not just that government will help you set up this business, So read on and find what is this business all about!
The business idea that we are talking about is the Poultry farm business. It is one of the fastest-growing and the most profitable business ideas in the current scenario. It is for the same reason that the government is providing 35% subsidy to set up this business.
Poultry Farming Business Plan:
For starting any new initiative, it is necessary that you gain in-depth knowledge about it. Therefore, you must take proper training for starting poultry farm business. There are various institutes for poultry farming training in-country.
Investment in Poultry Farming
If you want to start a small scale poultry farm, then you will at least need between Rs 50,000 to Rs 1.5 lakh. And if you are thinking of setting up this business on a larger scale, then it costs between Rs 1.5 lakh to Rs 3.5 lakh. Business loan can be taken from many financial institutions to start poultry business.
Government Will Give 35 percent subsidy
The subsidy on poultry farm business loan is about 25 percent. At the same time, to encourage SC ST Category, this subsidy can be up to 35 percent.
50 thousand rupees for Buying Chickens
The cost of a layer parent berth is around 30 to 35 rupees. You also need to keep in mind that there is a risk of chicken deths in poultry business therefore, if you are thinking to buy 1500 chickens, then try to get 10% more to avoid death risksYou can buy these many chicken in Rs 50000.
Rs 3-4 Lakh Expenditure for Feed and Vaccination:
The cost of feeding chickens for 20 consecutive weeks will be around 2 lakh rupees. And around 1 lakh rupees are spent on their Vaccination and treatments. Therefore in total, you will have to arrange Rs 3-4 Lakh for them. You can avail loans from banks!
Earning more than Rs 14 lakh annually
A layer parent bird lays about 300 eggs in a year. In such a situation, about 4,35,000 eggs are obtained from 1500 chickens at an average of 290 eggs per year. Even after wastage, if 4 lakh eggs can be sold, then one egg is sold at the rate of Rs 6.00 in wholesale price. That is, in a year, you can earn a lot by selling eggs only.
