Nowadays many people are looking for big earnings with very little investment. If you are also looking for something similar then we are giving you a better business idea. You have to invest money only once in this. After this, you can earn a huge income of lakhs of rupees throughout your life. The specialty of this business is that its demand always remains. This is the business of masala making unit. Very little money is required to start this business. Spices have an important place in the Indian kitchen.

Lakhs of tonnes of many varieties of spices are produced in the country. It is easy to prepare and is prepared based on regional taste and flavor. If you have some understanding of taste and flavor and some knowledge of the market, then you can earn big money by setting up a spice-making unit.

How much will it cost to make masala?

A complete blueprint for setting up a spice manufacturing unit has been prepared in a report of the Khadi and Village Industries Commission (KVIC). According to this report, setting up a spice manufacturing unit will cost Rs 3.50 lakh. Which Rs 60,000 will be spent on 300 square feet of building shed and Rs 40,000 will be spent on equipment. Apart from this, Rs 2.50 lakh will be required for the expenses incurred at the commencement of the work. Your business will start with this amount.

How will the funds be arranged?

If you do not have this much amount then you can also take a loan from the bank to start this business. The loan can be taken for this business under Pradhan Mantri Rozgar Yojana. Apart from this, the help of the Mudra Loan Scheme can also be taken.

Where to buy goods?

You can buy spices and machines at wholesale or online by visiting this link. https://www.indiamart.com/

How much will be the earnings?

According to the project report, 193 quintals of spices can be produced annually. In which a total of Rs 10.42 lakh can be sold in a year at the price of Rs 5400 per quintal. After deducting all the expenses, the annual profit will be Rs 2.54 lakh. That means you will earn more than Rs 21 thousand in a month.

How to increase profits?

It has been said in the report that if you start this business in your home instead of rented space, your profits will increase further. Starting a home business will reduce the total project cost and increase profit.

Increase sales through marketing?

Your product is sold in your designer packing. Take advice from a packaging expert for packing and improve your packaging. You launch your product in the local market. Establish direct contact with shopkeepers and households. Apart from this, also create a website of the company and mention all the products in it and also create social media pages, so that the whole world can know about your product.