Assistance is provided by the central government to start own business through many schemes. Any citizen of the country can start their own business with government support. If you too have similar thoughts and want to start your own small business, then this article will be of great help to you.
Today we will talk about disposable glass making business. Nowadays the demand for disposable items is rapidly increasing in the market. You can earn huge profit through this business, not only this; the government will also help you in starting this business.
Increase in Demand for Paper Glass Instead of Plastic Glass
As we all know that the problem of pollution has increased a lot in the country, in such a situation the government has banned plastic. Because of this, most people do not use plastic. In view of this, the demand for disposable cups or glasses has started increasing in the market. In this time, starting a small business of disposable cups can prove to be beneficial for you.
Subsidy to Start Disposable Products Business
The government offers Mudra loans to start local business. The subsidy on interest is provided by the government. You have to invest 25% of the total project cost on your own, while the government offers 75% of the loan under Mudra loan. Apart from this, under the Prime Minister's Employment Generation Program, the central government provides loan facility of up to 90% to those starting such businesses.
Where to Get Disposable Glass Machine
You can easily find this disposable glass machine in many cities including Delhi, Hyderabad, Agra & Ahmadabad. If you are at the initial stage of starting this then you can even bought a small machine and it will cost you around Rs 2 to Rs 3 lakh.
Raw Material for Making Disposable Cups/Plates
For the raw material, you have to contact the raw material supplier. Before ordering the raw material, make arrangements to keep it so that your taken disposal material can be safe.
Cost to Start Disposal Business
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If you are opening the disposable cup business on a small scale, then it will cost you around Rs 2 to Rs 3 lakh on the machine.
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About Rs 3.75 lakh will be spent on its material.
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The expenditure on utilities can be up to about Rs 6000.
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There may be an expenditure of up to Rs 20,500 in other expenses.
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If you are going to start it on a large scale, then it can cost you up to Rs 70 lakh.
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Including its machinery, equipment, furniture, dye, electrification, installation and pre-operative expenses.
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You will need both skilled & unskilled workers, which can cost around Rs 35000 per month.
Apply for Mudra Scheme
You can apply in any bank under the Pradhan Mantri Mudra Yojana to raise funds. For this, you will have to fill a form, in which these details will have to be given. Name, address, business address, education, current income and how much loan is required. There is no processing fee or guarantee fee to be paid in this. The loan amount can be returned in 5 years.
Not only this, you can also take SBI Loan to start your own Small Business.
