Top 20 Business Ideas In India With Low Investment: In today's time, the coronavirus pandemic has engulfed the whole world. Due to which the economy of the country and the world has collapsed. In such a situation, startup is considered a good option for employment generation. The trend of startup setup is increasing rapidly in rural India. Under the Digital India initiative, the Indian government also gives you a facility like a lawn to start a startup. For which you can see the official website of Government of India (Startup New Business Loan By Indian Government). For these business you have to invest only 20 thousand rupees, after which you can earn up to lakh rupees in a month. Let's know how to start your business in India...
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| Top 20 Small Business Ideas in India : (Image Source - youngentrepreneurs) |
How to start small business with low cost?
Whenever we want to start a business, many types of ideas come in our mind, but we do not know the process of giving the right shape to those ideas. That's why most of the people close their business before starting, if you are also included in this category, then we have brought tips and ideas for you to start your business. With the help of which you can start your business. Starting a business requires immense determination and confidence, but you must be very clear about your business idea before stepping into the business field. To make business easy, Career India Hindi has come up with Top 20 Business Ideas that you can get good returns with low investment.
Top 20 Small Business Ideas in India: Top 20 Small Business Ideas in India
1. Candles Business
2. Pickle Business
3. Business of Agarbatti (Agarbatti)
4. Button's Business
5. Designer Lace Business
6. Shoelace Business
7. Ice Cream Cone Business
8. Chocolate Business
9. Cotton Business
10. Papad's Business
11. Noodles Business
12. Disposable plates and cups business
13. Jute Bag Business
14. Staple Pin Business
15. Paper Making Business
16. Organic soap business
17. Coconut Oil Business
18. Tempered Glass Business for Smartphone
19. Business of envelopes and files
20. Paper Bag Business
Top 20 Small Business Ideas In India
1. Candles Business
Candles are always in demand, which makes it an extremely popular business option. The traditional demand for candles comes from religious and decoration purposes. During festivals, the demand is very high. Otherwise, these days with many restaurants, homes and hotels there is also a growing demand for scented and therapeutic candles to create an ambiance. Candle making business can be started from home with a low investment of around Rs 20,000-30,000. Raw materials used to start a business include wax, wick, molds, thread, fragrance oil, and more. In addition to the major raw materials, you also need some candle making equipment. It includes a melting pot, thermometer, pot, weighing scale, hammer and an oven (for melting the wax).
2. Pickle Business
Pickle is a traditional food item in India and is extremely popular. You will find at least one type of pickle in every Indian household. Thus, if you want to start small, a pickle business is a safe and easy option. Apart from the Indian market, Indian pickles are in great demand abroad. You can start this business at your home with a small capital of around Rs 20,000 -25,000.
3. Agarbatti (Agarbatti) Business
India's Agarbatti (Agarbatti) market is growing due to the huge demand in the country and abroad. Incense sticks are used in most Indian homes, and their popularity and demand increase during the festive season. The increasing popularity of meditation in other countries and the use of incense sticks has also led to their export. The first phase of small scale manufacturing of incense sticks involves buying bamboo sticks and essential oils with scents like sandalwood, jasmine, rose, champa etc. from the market. The sticks are coated with oils, and dried. Automatic and semi-automatic agarbatti making machines costing above Rs 50,000 can be used for bulk production. Once the sticks are packaged and labeled, they are ready to be sold in local markets.
4. Button's Business
Buttons are one of the most essential trimmings used in the apparel industry and have huge market potential. From plastic to fabric and steel buttons, this place has various categories that you can choose from as per your preference. You can either rent a space or start at home with a basic investment of around Rs 30,000-40,000.
5. Designer Lace Business
Lace is commonly used in clothing and for craft works. It is a traditional form of business and can be easily started at home. With the emerging fashion trends, the demand for different types of laces has increased. Lace is exported to various countries, which makes it a good choice for those who want to start small. The laces can be designed manually, via bobby machines or fully computerized machines – when you decide on the scale of operation. You can start this business with a low investment of around Rs 25,000-50,000.
8. Chocolate Business
When it comes to the consumption of chocolate, India tops the chart. Sweet or bitter, chocolate is a mood lifter and stress buster. According to Mintel, sales of chocolate confectionery in retail markets in India grew 13 percent between 2015 and 2016. So, if you want to start your own business and don't have an idea, manufacturing chocolate can be a lucrative opportunity. You need to develop a product line to start. An estimated capital requirement of Rs 40,000 to 50,000 will be required to purchase the raw material and packaging. However, if you want to deploy a piece of machinery for mass production, the cost can go up to Rs 2 lakh to Rs 3 lakh. Mixing, cooking and cooling equipment will make your volume production easier. Select the type of equipment to fit the scale of your operation.
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9. Cotton Business
The cotton buds market is being run due to the per capita cost to the consumers, increasing awareness about cleanliness, increasing population etc. Small manufacturers of cotton buds need a source for axes/sticks, absorbent material (cotton), and packaging. Product. The raw material then goes into automatic cotton bud making machines, many of which also package the products. Machines are available as per the quality and production requirements of the entrepreneur. Cotton buds manufacturing business can be started with an investment of Rs 20,000-40,000.
10. Papad Business
Thin, crispy food – fried or roasted – is a common accompaniment to most meals across India. Papads are mandatory in many occasions, functions, celebrations and parties, which means that the demand is always high. Once the basic ingredients such as wheat flour, spices and oil are sourced, the manufacturing process is relatively simple. The large scale papad manufacturing industry is highly competitive, but entrepreneurs can start with a small investment of around Rs 30,000 to Rs 40,000 and sell to local department stores. Entrepreneurs can also experiment with flours made from lentils, chickpeas, rice, tapioca, etc. to differentiate their offerings from others.
11. Noodles Business
Noodles, especially the instant variety, are a popular snack in India in rural and urban markets. The process of making noodle is simple and requires basic ingredients like wheat flour, salt, sugar, starch, spices, vegetable oil etc. Both semi-automatic and fully automatic noodle making machines are available in the market. The process of making noodles involves mixing flour, starch, and sodium bicarbonate, mixing the dough, and passing it through a machine. The noodles are cut into desired shapes and sizes, dried and packaged. The low capacity noodle making machines cost more than Rs 40,000 while the premium ones cost more than Rs 1.5 lakh.
12. Business of Disposable Plates and Cups
Disposable food-grade plates and cups are used extensively in India during events, functions, picnics etc. They are also extensively used by street vendors and hawkers. As they are widely used and are inexpensive to make over a long period of time, the market has matured. They are usually made of paper, which has emerged as an alternative to plastic, steel, glass, etc. For making paper plates and cups, paper can be obtained at low rates from local scrap shops. The major part of the investment is the acquisition of disposable plate making machines. Depending on their capacity, they cost more than Rs 50,000.
13. Jute Bag Business
The use of this biodegradable and reusable "golden fiber" is increasing day by day. With the world to ban plastic, a jute bag manufacturing business is a great option. The process of making jute bags is simple. Different types of bags are popular in the market and can be used for multiple purposes. Starting this business demands a small capital investment of around Rs 50,000 to Rs 1 lakh. You can start with a small area of around 500 square feet.
14. Staple Pin Business
Staplers are extensively used in schools, colleges, government institutions, offices and wherever there is paperwork. Staplers cannot function without stapler pins, and pins are usually made from white galvanized iron wire. Using a good quality iron will ensure that the pins are strong and long lasting. Automatic Staple Pin Making Machines simplify the production process. The machine flattens round iron wire and produces pins in predetermined lengths. Staple pin making machines which can make 350 pins per minute cost more than Rs 3.5 lakhs.
15. Paper Making Business
Manufacturing paper is a low cost business idea. Paper is used everywhere. From schools and colleges to offices and big corporates, the use of paper is fixed. This translates into a demand for this product- despite the world being digital. From A2, A3 and A4 sheets to small copies, the paper making industry also has a lot of scope for expansion. However, you need to be wise in selecting the manufacturing location to avoid high transportation costs. You need around Rs 2 lakh-2.5 lakh to get the raw material to set up the machinery and start the business.
16. Organic Soap Business
Organic soaps are a great market if you're looking to start a small business. It is a high demand product that is used by billions every day. To start a small herbal soap business you need raw materials like glycerin, herbs, essential oils, molds, microwaves, and more. An investment of about 1.5 lakh to 2 lakh rupees is required for scaled production. You can start the business at home or rent a separate small space. If you want to learn the process of making soap then there are various government courses available.
17. Coconut Oil Business
These days people have become conscious of using natural products. When it comes to health and beauty, many people do not hesitate to pay a premium on quality products. Hence, starting a coconut hair oil unit can be a good small business idea. This low cost business idea requires an estimated investment of Rs 1 lakh. You can either start by renting a small farm or work with farmers in your area.
18. Tempered Glass Business for Smartphones
India's smartphone market is growing despite the shrinking global market. According to International Data Corporation (IDC), the Indian market saw shipments of 32 million units in Q1 2019. Smartphone accessories such as tempered glass are also in great demand. These are made in high-temperature machines, where the glass is heated and then rapidly cooled. Tempered glass also has to pass hardness test, breaking test and dimension check. Tempered glass also contains silicone, extra protection, and glue. The glue, which sticks tempered glass to smartphone screens, is an essential component of manufacturing. The low capacity tempered glass making machines cost around Rs 75,000 while the higher capacity ones cost more than Rs 1.5 lakh.
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19. Business of Envelopes and Files
Even though communication is digital, there is a huge demand for paper envelopes and files in schools, colleges, corporates, etc. Depending on the requirements of the buyers, different types of paper, such as Maplitho paper or scrap paper, can be used . Gum and gum also have to be bought from the market. Envelope making machines cost anywhere between Rs 1.5 lakh to Rs 11 lakh. When paper is fed into these machines, it is cut into specific sizes. After the glue is applied, the envelope is dried and sent for packaging. These products can be sold in departmental stores, supermarkets, or directly in schools, colleges, and corporate offices.
20. Paper Bag Business
Eco-friendly bags and packaging made of paper have become popular as people realize how harmful non-biodegradable plastic bags are to the environment. Paper bags can be used to pack shopping items, food items, medical items, jewellery, and more. Paper bags manufacturing can be started on a small scale with less investment. Automatic paper bag making machine starts from around Rs 5 lakh and has a very high capacity - a few thousand units per hour. Semi-automatic machines are also available for less than Rs 3 lakh, but they involve more work and labour. Entrepreneurs will also have to invest in sourcing raw materials such as sheets of paper, inks, printing chemicals, tags, etc.