5 Small & profitable businesses you can start in under 50,000

India still has most of its population settled in villages. People in villages majorly contribute to the agricultural industry or engage in businesses related to retail, livestock, or trading sectors. There are plenty business ideas to implement and can be turned into reality with an initial investment of not more than ₹50,000.

It may be beneficial for a person to start the business who is settled in a rural area as it requires less capital, and investment to set up. Everyone is a known person which makes it easy to organize the business. But one must be very sure about the business idea before implementing as setting up your venture needs the utmost dedication and confidence.

Now, if you are interested to start something on your own, but have no idea, there is no need to worry. Here is a curated list of small business ideas to start with a low initial investment in rural India:

Shoelaces

Investment amount required: Rs. 25,000 – 50,000 depending upon the braiding machinery

Image courtesy: Google Images

Many may be unaware of the fact that India is the largest footwear producer country in the world after China. (Source: Statista). India produces formal, casual, sports, and other categories of shoes. All these shoes require shoelaces and hence it has become a profitable business opportunity. These shoelaces are made by weaving a band, typically made from cotton, polyester, or nylon using a braiding machine and aglet which is made of plastic. The braiding machine weaves meters of shoelace per minute. Once the lace is weaved, the aglet is glued at the end and your shoelace is ready!

Cotton buds

Investment amount: Approximately Rs. 20,000 – 45,000 approximately

Image courtesy: Pixabay

The market demand for cotton buds is on the rise due to the increase in hygiene awareness. A cotton bud is not only a consumable item, but it is also essential in the healthcare, make-up accessory, and even in the cleaning of electronics. It is made from a plastic spindle or a stick with cotton coated on both ends. Small manufacturers are required to source the spindle/stick, cotton, and the packaging for the product. The raw material is processed in an automatic bud making machine, many of which do the packaging as well. The machine can be availed as per the quality and output requirement.

Buttons

Investment amount: Rs. 35,000 – 45,000 approximately

Image courtesy: Pixabay

Buttons are almost as ancient as clothing and one of the necessary elements in the garment industry with huge market demand. There are different types of materials used to manufacture buttons which include plastic, steel, or fabric. Based on the market you want to cater to, you can select the type of buttons to manufacture and the machinery required for it.

Biodegradable Plates

Investment required: Rs. 50,000 approximately

Image courtesy: Google images

Biodegradable plates and cups are predominantly used during events, functions, or by street vendors in India. In recent years, the market has grown exponentially as these alternatives are being used wildly. These plates are usually made from biodegradable materials such as paper, banana leaves, etc. as an alternative to plastic, polystyrene, or steel. The usage of biodegradable plates helps in curbing the pollution as well. Based on the output desired, the cost of the machine varies. The business can be easily started at home setup

Pickles and Papad

Investment required: Rs. 25,000 – 35,000 approximately

Image courtesy: Pixabay

Pickles and papad are some of the common items you will find in traditional Indian meals. Both are mandatory in several traditional events in India, hence there is always a high demand throughout the year. The manufacturing process is relatively simple and can be set up at home, making it a safe and easy business option.

Image courtesy: Pixabay

Entrepreneurs from rural Indian villages and remote areas can start selling the items at local Kirana shops and experiment with types of raw materials used. There is quite a high demand for traditionally made pickles and papad in foreign countries as well.

Now you can secure small business loans from Bharat Money Store under the “BMS Atmanirbhar Bharat Abhiyan” initiative to start your business and become Atmanirbhar.

For more information on loans and other banking facilities, visit your nearest Bharat Money Store in in the neighbourhood or provide your details at link

*Currently present in Karnataka, Odisha, Bihar, and Maharashtra

Disclaimer: The investment amount mentioned is an approximate cost based on information available in the public domain and may vary depending upon the type of machinery, raw materials, and other associated factors.

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