Starting a Manufacturing Business Under 10 Lakhs In India can be a great opportunity for aspiring entrepreneurs. With the right approach, a Manufacturing Business Under 10 Lakhs In India can yield high profits and contribute to the growth of the Indian economy.
If you are interested in setting up a Manufacturing Business Under 10 Lakhs In India, there are plenty of options available to you. From artificial jewelry making to LED light manufacturing, there are many Manufacturing Business Under 10 Lakhs In India that can be started with minimal investment.
Schemes that can help you start a manufacturing business under 10 lakhs in India.
Do you know there are several finance schemes available in India that support starting a Small and Medium Enterprise? If you are planning to start a manufacturing business in India then you have come to the right place. In this article, we will understand the financial support one can avail to be a small manufacturer and also the top 20 small manufacturing business ideas.
Some of the most popular schemes are:
Pradhan Mantri Mudra Yojana (PMMY): This scheme was launched by the Government of India to provide financial support to micro and small businesses. The scheme offers collateral-free loans up to INR 10 lakh to entrepreneurs for setting up new businesses or expanding existing ones. SBI LINK
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE): This scheme was introduced by the Ministry of Micro, Small and Medium Enterprises (MSME) to provide collateral-free loans to micro and small enterprises. The scheme provides credit guarantee cover up to 85% of the loan amount to banks and financial institutions, which helps SMEs to secure loans easily.
Stand-Up India: This scheme was launched by the Government of India to promote entrepreneurship among women and scheduled castes and tribes. Under this scheme, loans between INR 10 lakh and INR 1 crore are provided to set up new enterprises or to expand existing ones. The scheme also provides handholding support to borrowers, including pre-loan training, marketing assistance, and other support services.
Startup India: This scheme was launched by the Government of India to promote innovation and entrepreneurship in the country. Under this scheme, startups are eligible for various benefits, including tax exemptions, funding support, and other incentives. The scheme also provides a platform for startups to connect with investors, mentors, and other stakeholders.
National Small Industries Corporation (NSIC) Scheme: This scheme was introduced by the Government of India to provide support to micro, small, and medium enterprises. Under this scheme, financial assistance is provided for the purchase of machinery and equipment, and for working capital requirements. The scheme also provides marketing and export-related support to SMEs.
These finance schemes provide a range of financial and non-financial support to SMEs in India. Entrepreneurs can choose the scheme that best suits their needs and requirements, and take advantage of the support provided to start and grow their businesses.
The top 20 manufacturing business under 10 laks in India
here are some explanations of the viability and investment requirements for the small manufacturing business ideas I suggested:
Manufacturing business under 1 lakh
Incense sticks (Agarbatti) manufacturing: This is a low-cost business idea with high demand, as incense sticks are used in homes, temples, and other places for religious and cultural purposes. The investment required to start this business can range from INR 50,000 to INR 1,00,000. The investment areas can include raw materials, machinery, and labor.
Candle making: This is a creative and low-cost business idea, as candles are used for decoration, gifting, and aromatherapy. The demand for scented and decorative candles is increasing, especially during festivals and special occasions. The investment required to start this business can range from INR 50,000 to INR 1,00,000. The investment areas can include raw materials, machinery, and branding.
Artificial jewelry making: This is a low-cost and trendy business idea, as artificial jewelry is a popular fashion accessory for women. The demand for customized and affordable designs is high in the market. The investment required to start this business can range from INR 50,000 to INR 1,00,000. The investment areas can include raw materials, machinery, and branding.
Pappad making: This is a traditional and low-cost business idea, as pappads are a popular side dish in Indian cuisine. The demand for homemade and organic pappads is increasing, especially in urban areas. The investment required to start this business can range from INR 50,000 to INR 1,00,000. The investment areas can include raw materials, machinery, and branding.
Manufacturing business under 2 lakh
Paper plate and cups manufacturing: This is a sustainable and eco-friendly business idea, as it reduces the use of single-use plastic products. The demand for paper plates and cups is high in the food and beverage industry, as well as for events and gatherings. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and labor.
Soap and detergent manufacturing: This is a highly competitive but profitable business idea, as everyone uses soap and detergent in their daily lives. The demand for natural and organic products is increasing, so this could be a niche area to explore. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and marketing.
Tissue paper manufacturing: This is a low-cost and sustainable business idea, as tissue paper is used in homes, restaurants, and other places for hygiene and cleanliness. The demand for eco-friendly and affordable tissue paper is increasing, especially in urban areas. The investment required to start this business can range from INR 1,00000 to INR 2,00,000. The investment areas can include raw materials, machinery, and branding.
T-shirt printing and customization: This is a creative and versatile business idea, as customized t-shirts are popular for events, marketing, and personal branding. The demand for high-quality and unique designs is increasing, especially among the youth. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and marketing.
Ice cream cone making: This is a low-cost and profitable business idea, as ice cream cones are a popular dessert item. The demand for customized and creative designs is increasing, especially in urban areas. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and branding.
Bakery items manufacturing: This is a low-cost and profitable business idea, as bakery items like bread, cakes, and cookies are a staple food item. The demand for organic and healthy bakery products is increasing, especially in urban areas. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and branding.
Mosquito repellent manufacturing: This is a low-cost and niche business idea, as mosquito repellents are used for protection from mosquito-borne diseases. The demand for eco-friendly and organic mosquito repellent products is increasing, especially in rural areas. The investment required to start this business can range from INR 1,00,000 to INR 2,00,000. The investment areas can include raw materials, machinery, and marketing.
Manufacturing business under 5 lakhs
Footwear making: This is a creative and versatile business idea, as footwear is a fashion accessory for everyone. The demand for customized and affordable footwear is increasing, especially in urban areas. The investment required to start this business can range from INR 2,00,000 to INR 5,00,000. The investment areas can include raw materials, machinery, and branding.
Eco-friendly bags and carry bags manufacturing: This is a sustainable and eco-friendly business idea, as plastic bags are being replaced with eco-friendly bags. The demand for biodegradable and organic bags is increasing, especially in urban areas. The investment required to start this business can range from INR 2,00,000 to INR 5,00,000. The investment areas can include raw materials, machinery, and branding.
Handmade paper manufacturing: This is a sustainable and eco-friendly business idea, as handmade paper is an alternative to machine-made paper. The demand for creative and customized paper products is increasing, especially among art and craft enthusiasts. The investment required to start this business can range from INR 2,00,000 to INR 5,00,000. The investment areas can include raw materials, machinery, and marketing.
Manufacturing business under 10 lakhs
Noodles and pasta manufacturing: This is a competitive but profitable business idea, as noodles and pasta are a popular food item. The demand for customized and healthy noodle and pasta products is increasing, especially among health-conscious consumers. The investment required to start this business can range from INR 5,00,000 to INR 10,00,000. The investment areas can include raw materials, machinery, and marketing.
Spice processing and packaging: This is a highly profitable business idea, as India is known for its rich and diverse spices. The demand for quality spices is high in the domestic and international market. The investment required to start this business can range from INR 5,00,000 to INR 10,00,000. The investment areas can include raw materials, machinery, and packaging.
Potato chips and snacks manufacturing: This is a profitable business idea, as potato chips and snacks are a popular snack item. The demand for unique and healthy snack products is increasing, especially among health-conscious consumers. The investment required to start this business can range from INR 5,00,000 to INR 10,00,000. The investment areas can include raw materials, machinery, and marketing.
Hand sanitizer manufacturing: This is a high-demand and profitable business idea, as hand sanitizers are used for protection from viruses and germs. The demand for eco-friendly and organic hand sanitizer products is increasing, especially in urban areas. The investment required to start this business can range from INR 5,00,000 to INR 10,00,000. The investment areas can include raw materials, machinery, and marketing.
Organic fertilizer production: This is a sustainable and profitable business idea, as organic farming and gardening are becoming more popular. The demand for organic fertilizers is increasing, especially in rural areas. The investment required to start this business can range from INR 5,00,000 to INR 10,00,000. The investment areas can include raw materials, machinery, and marketing.
Manufacturing business under 50 lakhs
LED light manufacturing: This is a high-demand and profitable business idea, as LED lights are energy-efficient and long-lasting. The demand for eco-friendly and cost-effective lighting solutions is increasing, especially in urban areas. The investment required for this business can range from INR 10,00,000 to INR 50,00,000. The investment areas can include raw materials, machinery, and marketing.
These business ideas are viable in the current market scenario because they cater to different needs of consumers, and have the potential for growth and expansion. Many of these businesses are also sustainable and eco-friendly, which is an added advantage in the current market scenario where there is a growing demand for eco-friendly products.
The investment required for these businesses varies depending on the nature of the business, but most of them can be started with a relatively low investment amount. The investment areas for these businesses include raw materials, machinery, branding, and marketing. With the right investment and marketing strategies, these businesses have the potential for success in the current market scenario.
How to start a manufacturing business in India?
Starting a small manufacturing business in India can be a rewarding and fulfilling experience, but it requires careful planning and execution. Here are some general but critical guidelines to keep in mind when starting a small manufacturing business in India:
Conduct market research: Before starting a business, it is important to conduct thorough market research to understand the demand for the products you plan to manufacture. This will help you to identify your target market, competitors, and potential customers.
Create a business plan: A well-crafted business plan is crucial to the success of any business. It should include a description of your products, target market, marketing strategy, financial projections, and other important details.
Register your business: You need to register your business with the relevant government authorities, such as the Registrar of Companies (ROC), to obtain necessary licenses and permits.
Arrange finance: You need to arrange for finance to cover the costs of starting and running your business. This can be done through personal savings, loans from banks or financial institutions, or investments from partners or investors.
Choose a suitable location: Choosing a location that is suitable for your business operations is important. Factors to consider include proximity to raw materials, availability of utilities, and access to transportation.
Purchase equipment and raw materials: You need to purchase equipment and raw materials required for manufacturing your products. This should be done after careful consideration of the quality and cost of the equipment and raw materials.
Hire and train employees: You need to hire and train employees to operate the equipment, manage the operations, and handle other functions of the business.
Ensure compliance with regulations: You need to comply with all applicable regulations and laws, such as labor laws, tax laws, and environmental regulations.
Implement quality control measures: You need to implement quality control measures to ensure that your products meet the required standards and specifications.
Develop a marketing strategy: You need to develop a marketing strategy to promote your products and attract customers. This should include digital marketing, advertising, and other promotional activities.
These are some of the general but critical guidelines to keep in mind when starting a small manufacturing business in India. With careful planning and execution, a small manufacturing business has the potential to grow and become successful in the long run.
Sample project report for a small manufacturing business.
A sample project report for a small manufacturing business in India. This report is based on the assumption of setting up a small manufacturing unit for the production of paper bags:
Executive Summary:
The purpose of this project report is to provide a comprehensive plan for setting up a small manufacturing unit for producing paper bags. The proposed manufacturing unit will be located in a prime industrial area in Mumbai and will have a production capacity of 5,000 paper bags per day.
Market Analysis:
The demand for eco-friendly paper bags has been steadily increasing in India due to growing awareness about environmental issues. The target market for the proposed manufacturing unit includes small retailers, grocery stores, and local businesses. The potential customer base in Mumbai is estimated to be around 10,000.
Financial Analysis:
The total investment required for setting up the manufacturing unit is estimated to be INR 10 lakh. The project will be financed through a mix of personal savings, bank loans, and investors. The projected revenue for the first year of operations is estimated to be INR 25 lakh, with a net profit margin of 20%.
Production Plan:
The manufacturing process for paper bags will involve the following steps:
Procuring raw materials, including paper rolls, glue, and other materials required for manufacturing.
Cutting the paper rolls to the required size using a cutting machine.
Folding and pasting the paper to form the bag shape using a bag-making machine.
Printing designs or logos on the bags using a printing machine.
Packing the finished bags and storing them in a warehouse.
Management Plan:
The proposed manufacturing unit will be managed by a team of experienced professionals with expertise in manufacturing, sales, and marketing. The team will be responsible for ensuring the smooth functioning of the manufacturing unit, implementing quality control measures, and developing marketing strategies to promote the products.
Environmental Plan:
The proposed manufacturing unit will adhere to all environmental regulations and will take measures to minimize the environmental impact of the production process. The use of eco-friendly materials, such as recycled paper, will be encouraged, and waste disposal will be carried out responsibly.
Conclusion:
The proposed small manufacturing unit for paper bags has the potential to be a profitable and sustainable business venture. With the growing demand for eco-friendly products, there is a significant opportunity for growth in the paper bag manufacturing industry. The proposed project has been designed to be financially viable, environmentally responsible, and socially impactful.
Conclusion
However, setting up a Manufacturing Business Under 10 Lakhs In India requires careful planning and execution. You will need to conduct thorough market research, identify your target customers, and develop a strong business plan to succeed in this competitive market.
To sum up, starting a Manufacturing Business Under 10 Lakhs In India can be a lucrative and rewarding venture for those who are willing to put in the time and effort required to make it successful. With the right idea, strategy, and execution, you can turn your dream of owning a Manufacturing Business Under 10 Lakhs In India into a reality.
Other Useful Links
