Business News Desk – If you want to do some business then we are giving you such a great idea. In which you will earn bumper. This business can be started by investing a little money and a good amount of money can be earned in a month. Actually, you can set up a cutlery manufacturing unit. The best thing is that you will also get help from the Mudra Scheme of the Government of India to start a business. Let us tell you that cutlery manufacturing unit is one such business. Which is in demand in every house. Apart from this, there is demand for cutlery at parties, weddings, picnics and food shops. At the same time, hand tools and some important tools used in farming can also be made from cutlery. Additionally, you can also export it on a large scale. Apart from household products, you can also make other tools in this.
Cutlery Business Costs
You can start the business of manufacturing metal cutlery in this. To start this business you should have only Rs 1.14 lakh. For this you can take a loan under the government’s Mudra scheme. You will have to spend around Rs 1.8 lakh for setup. For this you will need welding set, buffing motor, drilling machine, bench grinder, hand drilling, hand grinder, bench, panel board and other equipment. Apart from this, you will have to spend about Rs 1.2 lakh on raw materials. According to the report, with this amount of raw material, 40,000 cutlery, 20,000 hand tools and 20,000 agricultural equipment can be manufactured every month.
Know how much you can earn from cutlery business
According to the government project report, the finished product is expected to be sold for Rs 1.10 lakh every month. Its construction will cost around Rs 91800 every month. According to this, you will make a profit of more than Rs 18,000 every month. After repaying the loan and deducting promotion expenses, your net profit will be more than Rs 14,400.
How to apply for loan
If you want to take a loan to start a cutlery business, you can apply in any bank under the Pradhan Mantri Mudra Yojana. For this, a form will have to be filled, in which all the information like name, address, business address, education, current income and how much loan is required will have to be given.