Business Idea: Start the business of making paper from banana, you will earn huge income – business idea banana paper manufacturing unit with low investment earn high income check details
There are many people who want to earn big money throughout their life by investing money once. If you are also looking for something similar, then we are giving you such an idea. Where you have every possibility of earning bumper every month. This is a business which can be started anywhere from a village to any city, town, metro city. There is no loss in this. You will continue earning throughout your life. This is about the banana paper manufacturing unit business. Khadi and Village Industries Commission (KVIC) has prepared a report on Banana paper manufacturing unit.
Actually, Banana Paper is a kind of paper which is made from the fibers of banana plant bark or banana peel. Compared to traditional paper, banana paper has lower density, higher strength, higher disposability and higher tensile strength. In this paper, this property is due to the cellular composition of banana fiber.
Cost of manufacturing unit for making paper from banana
According to a report by KVIC, it costs Rs 16.47 to start this business. You do not need to invest more than your pocket to start this business. You have to invest only Rs 1.65 lakh from your pocket. You can finance the remaining amount. You will get a term loan of Rs 11.93 lakh. Working capital will be Rs 2.9 lakh.
You can take loan from PM Mudra Yojana
You can also take a loan from Pradhan Mantri Mudra Loan Scheme to start this business. Under this scheme, loans up to Rs 10 lakh are easily available for starting or expanding non-corporate small enterprises in rural areas.
How much will be earned in the business of making paper from banana?
You can earn more than Rs 5 lakh annually from this business. There will be a profit of around Rs 5.03 lakh in the first year. There will be a profit of Rs 6.01 lakh in the second year and Rs 6.86 lakh in the third year. After this this profit will increase rapidly.
There will be profit in the business of making paper from banana.
To start this business, GST Registration, MSME Udyam online registration, BIS Certification, NOC from Pollution Department will be required.
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