If you want to start a business that requires minimal capital but yields huge profits, then you can explore a smart business idea. Given that it is widely used in homes, factories, hotels and restaurants, this product has a huge demand in the market. Government also helps people to start this business.
The business project we have identified is matchbox making business. It is a small scale business that anyone can start without any special knowledge and women can also do this business easily.
Business Idea: Matchbox Manufacturing Business
Matchboxes are made from strips of wood or cardboard. They are incredibly useful for lighting fires. They are used in kitchens, industrial settings, campgrounds, hotels, restaurants, etc These are consumer-friendly and durable products that are in high demand in the market The business can be started with moderate investment but yield bumper profits.
Matchbox making business which can be started in small or big scale. You can start business by following strict security rules. The Central Government supports people starting ventures in this sector under the Pradhan Mantri Mudra Yojana (PMMY). You can get MUDRA loan up to Rs 10 lakh from banks for making matchbox.
Raw material for matchbox manufacturing business
The basic raw materials for making matchboxes are:
1. Wood
2. Cardboard
3. Chemicals and other consumables (eg red phosphorus)
4. Paper and packing material
Business Ideas: How to Start a Matchbox Making Business
A matchbox manufacturing business may require machinery depending on the type of business you choose. A small business will require fewer machines than a fully automated business.
Business idea: Capital is required to start a matchbox manufacturing business
The Khadi and Rural Industries Commission (KVIC) has prepared a report on matchbox making business. Reports say that starting a matchbox manufacturing business will cost you Rs. 24.61 lakhs, out of which your own contribution will be required to be Rs. 2.46 lakhs.
Matchbox Manufacturing Business Project Cost: Rs.24.61 Lakhs
special amount
Landlord/tenant
Building/Shed 1500 Sqft Own/Rent
Plant & Machinery: Rs.16.28 lakhs
Furniture & Fixtures: Rs 1 lakh
Working Capital: Rs 7.33 lakh
Total: Rs.24.61 lakhs
Matchbox business money meaning
Own contribution: Rs.2.46 lakhs
Term Loan: 15.55 lakhs
Working Capital: Rs.6.60 Lakhs
Total: Rs.24.61 lakhs
Business Idea: Profit From Matchbox Manufacturing Business
If your matchboxes have a unique quality and you promote it well, you will see millions in sales from the business. You can also approach nearby markets, supermarkets and other retailers to sell your products. You can register your products on online sites to increase your income.
The KVIC Prospective report with a five-year projected profit statement on the matchbox making business says that in the first year you can see a net profit of Rs 2.25 lakh, in the second year Rs 3.57 lakh, in the third year Rs 6.63 lakh, Rs 9.89. lakhs in the fourth year and Rs.13.42 lakhs in the fifth year.
(Disclaimer: This article is for informational purpose only and for project identification of readers. Earning calculator is also mostly based on hypothetical figures to give specific examples as mentioned by KVIC previous estimates. Zee News article does not intend to give any kind of financial advice. Any venture You must do your own due diligence and market research to get started.)
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