Bicycle & E-Scooter Rental Service: In today’s digital age, the business of bicycle and e-scooter rental is progressing a lot. Now people get bicycles and e-scooters on rent to travel. In this, rent has to be paid on the basis of an hour or a day. This service is available through the app, which can be used easily. Today, we are going to tell you about a business idea by starting with which you can earn good profits. Let’s know about this business.
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Where can you start this business?
You can start this business in the nearby main market, park, office, or any tourist place. However, you can start it for only 9 to 10 lakh rupees. But by doing this, you can earn up to 1 lakh rupees every month.
How will this business start
To start this business, you will have to buy cycles and e-scooters. Apart from this, many other things will also have to be done, which can cost lakhs of rupees. In a way, it can take around 9 to 10 lakh rupees to start it.
How much will the income be every month?
You can earn lakhs by renting cycles and e-scooters. However, you will also have to pay electricity, EMI, and other expenses. Still, you can earn up to 1 lakh rupees by taking out these expenses.
The government gives a loan
If you do not have the money to start this business, then you do not need to worry. You can take a business loan of up to Rs 10 lakh under the Pradhan Mantri Mudra Yojana (PMMY). Under this scheme, a loan of Rs 50 thousand in the Shishu category, Rs 50 thousand to 5 lakh in Kishore, and Rs 5 lakh to 10 lakh in the Tarun category can be availed in three categories.
How to apply for a loan?
For this, first go to the Mudra Yojana website (mudra.org.in). Fill the application form and attach your Aadhaar number, mobile number, name, address, and two passport-size photographs. Submit this form to the nearest bank (government or private). The bank will ask for business information from you and approve the loan.
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What are the benefits of a Mudra loan?
You do not have to give any guarantee on taking a business loan under the PM Mudra Yojana. And neither will you have to pay any processing fee. The interest rate can be between 10% to 12%. However, it depends on the bank. This business loan can be used for any non-corporate, non-agricultural business.