During the Covid-19 pandemic, a company broke the 80 year old record. If you too want to try your hand at business world, then even you can embark on this profitable venture.
As we know, cookies are always in demand. Even during the pandemic, when other businesses were at a loss, Parle G cookies have been sold so much that the record for the past 82 years has been broken. In such a situation, setting up a bakery product manufacturing unit can prove to be a great option.
The government is also helping to start this business. You will easily get a loan under the government Mudra program. To start a manufacturing unit for such cookies, cakes, crisps or bread, it will be necessary to invest in the establishment of a factory, low capacity machines & raw materials.
To start a business under the Mudra program, you need to invest only Rs 100,000. Financial assistance of up to 80% of the total expenditure will be available from the government. The government itself prepared the project report. You can easily earn more than Rs 40,000 per month of this business.
Cost of the cookie factory
The total expenditure for the implementation of the project will be Rs 5.36 lakh. For this, if you have 1 lakh rupees, the remaining amount will be available through the Mudra loan. When selecting under the Mudra program, you will get a term loan of Rs 2.87 lakh and a working capital loan of Rs 1.49 lakh from the bank.
Within the framework of the project, it is necessary to have its own space up to 500 m². Otherwise, it must be rented and presented with the project file. Total annual production and sales have been estimated at Rs 5.36 lakh as following.
Cost of production: Rs 14.26 lakh.
Turnover: Rs 20.38 lakh.
Gross profit: Rs 6.12 lakh.
Loan interest: Rs 50,000.
Income tax: 13-15 thousand rupees.
Other expenses: Rs 70-75 thousand.
Net profit: Rs 4.60 lakh.
Monthly income: 35-40 thousand rupees.
Apply to the Mudra program
You can apply at any bank under the Pradhan Mantri Mudra Yojana to fundraise. For this you will need to fill out a form, in which these details should be provided. Name, address, business address, education, current income, and loan amount required. There is no handling fee or warranty fee to pay for this. The loan amount can be repaid in 5 years.
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