we are providing information about How To Start Cutlery Manufacturers Business. Small Business Idea: Corona Closes Employment, Start Your Own Business, Make So Much A Month.
The Coronavirus wreaked havoc around the world, causing the greatest damage to small traders and daily wage workers who worked hard all day to feed themselves.
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The Corona Virus wreaked havoc around the world, causing the greatest damage to small traders and daily wage workers who worked hard all day to feed themselves. We are going to tell the Best Business Idea for the people whose earnings have been affected in this corona. This business can be started by investing a little money and earning a lot in a month. In this business, you can set up a Cutlery Manufacturing Unit. The best part is that you will also get help from the Government of India’s Mudra Scheme to start a business.
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How To Start Cutlery Manufacturers Business
This will be business Cutlery Manufacturers Business
Let me tell you that a cutlery manufacturing unit is a business that is needed in every home nowadays. Apart from this, the demand for cutlery is at parties, weddings, picnics, and snack shops. You can start a cutlery manufacturer’s business in it. You should have only Rs 1.14 lakh to start this business. For this, you can take a loan under the government’s Mudra Scheme. 15000 rupees can be easily earned from a business in a month.
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That will be the cost
Cost on set-up: Rs 1.8 lakh (includes machinery such as welding set, buffing motor, drilling machine, bench grinder, hand drilling, hand grinder, bench, the panel board, and other tools.)
Expenditure on raw material: Rs. 1.20 lakhs (raw material for 2 months)
Note: According to the report, 40,000 cutlery, 20,000 hand tools, and 20,000 agriculture implements can be prepared every month in this raw material.
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Salary as well as other expenses: 30 thousand rupees per month
Total cost: Rs. 33 lakhs
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How to make money?
According to the government’s project report, the finished product is expected to generate 1.10 lakh sales per month. Its production cost will be Rs 91,800 per month. Accordingly, you will earn more than Rs 18,000 per month. After repaying the loan and reducing the incentive expenses, your net profit will be more than Rs 14,400. All you have to do is show a cost of Rs 1.14 lakh. The government will help with the remaining expenses by providing a term loan of about Rs 1.26 lakh and a working capital loan of Rs 90,000.
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Apply this way
If you want to take a loan to start a cutlery business, you can apply to any bank under Pradhan Mantri Mudra Yojana. For this, you have to fill in a form, in which you have to fill in the name, address, business address, education, current income, and details of how much loan is required.