Under this mission, the government provides loans at low interest rates, training, and other facilities to new business owners. If you are also looking for a business that requires low investment and provides a fixed monthly income, then this news is very useful for you.

Nowadays, everyone wants to have their own business, where they can escape the hassles of a job and determine their own income. The good news is that the government is now running several schemes to make people self-reliant. The Modi government's Startup India mission is a major step in this direction.

Under this mission, the government provides loans at low interest rates, training, and other facilities to new business owners. If you are also looking for a business that requires low investment and provides a fixed monthly income, then this news is very useful for you. So, today we will tell you about a business that you can start with just Rs. 15,000 and which can yield good profits in the future.

What is this business?

Under this business, you can manufacture everyday items made of steel and iron. Such as cutlery (spoons, knives, forks), hand tools (pliers, hammers, screwdrivers), or small tools used in agriculture. There is a demand for these items everywhere – in homes, shops, farms, and factories, which is why there is no shortage of market for this business.

How much will it cost?

If you start this business on a small scale, the entire project can be set up for approximately Rs. 3.3 lakh. The cost of machinery and setup is Rs. 1.8 lakh. This includes machines and equipment such as welding machines, drilling machines, buffing motors, bench grinders, hand grinders, workbenches, and necessary tools and panel boards. This cost also includes raw materials for about 2 months. With this amount of material, 40,000 cutlery items, 20,000 hand tools, and 20,000 agricultural implements can be manufactured every month.

How much will the earnings be?

According to the project report, monthly sales can reach ₹1.10 lakh, and production costs can be up to ₹91,833. This leaves a gross profit of ₹18,167. After deducting the loan EMI of approximately ₹2,340 and other expenses of around ₹1,100, the net profit can be approximately ₹14,400 per month. If you operate efficiently, you can easily earn ₹14,000–15,000 per month.

How does profit start within 30 days?

In this business, the goods are sold daily, production is quick, and there is always a demand in the market. Therefore, as soon as production and sales begin, earnings start from the very first month. For a loan, you can apply at any government or private bank under the Pradhan Mantri Mudra Yojana scheme.