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Most of the youth these days are wasting their time in idle work and sitting unemployed, if you are one of those people then you should do something so that you can bring four paise home. So, we have brought you an amazing business idea through which you can earn more than one lakh rupees per month. Although this is your initial income, as your business progresses and becomes successful, this income can increase to Rs. will be more than 2 lakhs. Before knowing more about the business, we want to tell you that if you want daily information related to such business ideas, then join our group now.
Earn more than 1 lakh per month from this
Many people in the business world want self-satisfaction and freedom more than a job, and the bubble packing papers business idea is for such people. With the increasing demand these days it can be a very attractive idea, especially when we plan its preparation and marketing judiciously. Let's understand this business idea in more detail.
Use of bubble packing paper
Bubble packing paper is used to pack various products safely and securely, especially when it comes to breakable items. It is important for packing food, beverages, gifts, electronics, and other products.
Khadi and Village Industries Commission stated the business expenses
The Khadi and Village Industries Commission has prepared a report on the bubble packing paper manufacturing business, detailing the costs involved in starting this business. According to this report, the expected cost to start a bubble packing paper business is Rs 15.05 lakh. In this amount, you will need a workshed of 800 square feet, which will cost Rs 160,000 to construct.
Apart from this, you have to spend Rs 645,000 on necessary equipment. Including all these expenses the total cost is approximately Rs.805,000. 700,000 will be required to run the business, which will be required for workers' salaries and other day-to-day operations. After this process, the total project cost is Rs. 1,505,000 will be required.
To start with, you can get a loan of Rs 10 lakh from here.
Pradhan Mantri Mudra Yojana (PM Mudra Yojana) is an important government scheme that provides financial assistance to people who want to start their businesses but cannot due to lack of money. Under this scheme, the government provides loans up to Rs 10 lakh to those who want to start a business. The main objective of this scheme is to provide financial assistance to small and medium-income individuals to enable them to start their businesses.
You will earn this much every year with fewer expenses
With just a few expenses and proper planning throughout the year, starting a bubble-packing paper business can bring you good profits. Your annual income can be Rs 1,142,000 including your marketing income. In this business, you can produce 1,280,000 quintals of bubble packing paper annually, with a total value of Rs.4,685,700. Your estimated sales may be Rs.5,99,000 and your total surplus from that may be Rs.12,14,300.
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