In today’s era, when inflation is affecting the budget of every household, opening your own flour mill can prove to be a small but sure business move. This business is becoming an excellent source of permanent income in both villages and cities, starting with less capital.
Farmers and small entrepreneurs are now increasing their family income by opening their own flour mill, even at a small level. This is a business whose need is related to everyday life, so its demand never decreases.
Subsidy and help from the government
Sudha Patel of the Horticulture Department said that the government is also giving a subsidy to farmers and eligible beneficiaries for opening a flour mill. This can be availed by applying under the PMFME scheme. For this, the online registration and application process has to be completed by visiting the MyScheme portal.
Under this scheme, a subsidy of up to 35% of the eligible project cost is given for setting up a flour mill. The maximum limit per unit has been fixed at ₹ 10 lakh. The applicant has to register under an individual micro enterprise, self-help group (SHG), or any other eligible group.
Big benefit at low cost
This scheme not only includes financial help, but also provides facilities like training, marketing, and branding. Any person, be it a man or a woman, can open a small flour mill at a cost of just ₹ 50,000. At the same time, those who invest ₹ 1 to ₹ 2 lakh can also earn good profits. The special thing about this scheme is that people starting from a small level can also expand their business over time.
Many other businesses are also included
This scheme includes not only flour mills, but also many other options, such as:
- Bakery products
- Making salty, sweets, and cakes
- Making pickles
- Rice mill
- Pastry unit
Entrepreneurs can start their business at a low cost by setting up any of these units.
Golden opportunity for youth and women
The main objective of this scheme is to promote self-employment among youth and women in rural and urban areas. Small but sustainable businesses like flour mills will not only increase employment opportunities but will also strengthen self-reliance at the local level. In this era of inflation and unemployment, this scheme is a golden opportunity to give economic strength to youth and farmers.
