Business News Desk, If you are thinking of starting your business at low cost, then today we are telling you about a great business idea. You can start it at low cost. You can also earn a good amount every month by selling it in the local market. This is the business of making paper straws. After the ban on single-use plastic in India, this business has gained momentum. Due to the increasing demand for paper straws in the market, its manufacture is becoming a big business. In such a situation, the business of making paper straws can be a better option. You can earn lakhs from this. Let us tell you that the Government of India has banned single-use plastic from July 1, 2022. Due to which plastic items are disappearing from the market. One of them is plastic straws. The demand for which is very high for beverages. Due to this decision of the government, the demand for paper straws has increased in place of plastic drinking straws.
How to Start a Paper Straw Business?
Khadi and Village Industries Commission (KVIC) has prepared a project report on paper straw unit. According to this report, approval and registration from the government will be required before starting a paper straw making business. GST registration, Udyog Aadhar registration (optional), brand name of the product may be required for this project. Not only this, basic things like NOC from the State Pollution Control Board will be required. The business license has to be obtained from the local municipal authority.
Paper Straw Business Cost
According to KVIC, the project cost of the paper straw making business is Rs 19.44 lakh. Out of this, you will have to spend only Rs 1.94 lakh from your pocket. You can take a term loan of the remaining Rs 13.5 lakh. Rs 4 lakh can be financed for working capital. This business will start in 5 to 6 months. To start the business, you can also take a loan from PM Mudra Loan Yojana.
Demand for paper straws increased
When you drink cold drink, coconut water, lassi or any other beverage in a hotel, straw is used for it. There is a demand for straws from small juice businesses to big dairy companies. Due to awareness among people towards the environment, the demand for paper straws is increasing day by day.
Raw materials required for paper straws
Three things are required as raw material for paper straws. It requires food grade paper, food grade gum powder and packaging material. Apart from this, a paper straw making machine is required. Which costs around Rs 900000.
Know how much you will earn from paper straw?
Earnings in the paper straw manufacturing business can be in lakhs. According to the KVIC report, if you start a paper straw manufacturing business with 75 percent capacity, then your gross sales will be Rs 85.67 lakh. After deducting all expenses and taxes, the annual income will be Rs 9.64 lakh. That is, there will be an income of more than Rs 80,000 every month.
