During the lockdown, when all the industries were badly affected whereas Parle-G biscuits have sold their record for the last 82 years has been broken.
In such a situation, setting up a bakery product unit can be a better option. If you want to open the bakery industry, then the Modi government itself is helping you with this.
To start a business under the Mudra scheme, you only have to invest 1 lakh rupees. The fund will get you help from the government up to 80 per cent of the total expenditure. For this, the government has prepared a project report on its own.
According to the business structure that the government has done, you can earn more than 30 thousand rupees every month after cutting all the expenses.
Total expenditure in setting up the project: Rs. 5.36 lakhs – in this you will have to invest only 1 lakh rupees from yourself.
If you are selected under the Mudra scheme, you will get a term loan of Rs 2.87 lakh and a working capital loan of Rs 1.49 lakh from the bank. Under the project, you should have your own space of up to 500 sqft. If you don’t have it, then you can take it on rent and show it along with the project file.
According to the project report prepared by the government, the total annual production and sales of Rs 5.36 lakh has been estimated in this way.
4.26 Lakhs: Cast off production for the whole year
20.38 lakh rupees: In the whole year, such a product will be made that it will get 20.38 lakh rupees on selling.
The selling price of bakery products in this has been decided by reducing some based on the rate of other items found in the market.
- 6.12 lakh rupees: gross operating profit
- 70 thousand: expenses on administration and sales
- 60 thousand: Bank loan interest
- 60 thousand: other expenses
- Net profit: 4.2 lakh rupees annually
Under the Pradhan Mantri Mudra Yojana, you can apply to any bank. For this, you have to fill a form, in which you will have to give details Name, address, business address, education, current income and how much loan is required.
There is no need to pay any processing fees or guarantee fees. The loan amount can be returned in 5 years.