Wooden Furniture Business: If the money from your job cannot cover your expenses. Also if you want to earn some extra money you can start this business along with your job. This will increase your income manifold.
If you have less space in your home, you can start a wooden furniture business from your home. A loan can also be taken from the central government to start this business. In such situation you can easily start this business. In today's time, the business has got a big boost due to the increasing demand of wooden furniture.
Nowadays people are more and more preferring wooden items for home decoration and renovation. It is a very profitable business. Modi government is also ready to help you for this business. To start a business, the government gives you a low interest rate loan under the Mudra Loan Scheme.
Investment and profit
To start a wooden furniture business you need to have around 1.85 lakh rupees. Under Mudra Yojana, you can get a loan of around Rs 7.48 lakh from the bank under composite loan. In this you need fixed capital of Rs 3.65 lakh and working capital of Rs 5.70 lakh for three months.
In fact, the Modi government provides loans to small businessmen under its Mudra Yojana. In such cases 75-80 percent loan is available for starting a business. You can also earn by starting your own business under this scheme. Doing this business is not a difficult task. You can easily see it with the job.
Know how much it will benefit
Only after starting this business you will start getting profit. After all the expenses, you can easily make a profit of Rs 60,000 to 100,000. With this money you will also repay the loan soon. And you can double your income with less expenses. Which will help you secure your tomorrow.