Everyone wants their business to be successful and earn a lot of profit. If you are also looking for a business idea in which you can earn throughout the year and start a business with low investment, then the mustard oil business is a great opportunity for you. Know how you can start this business by investing just ₹ 1 lakh, and also take advantage of the government.
Why is the mustard oil business a profitable deal
The mustard oil industry is a sector that is not affected by weather or any particular season. Its demand remains throughout the year, which guarantees your earnings. Both the central and state governments are giving full help and benefits for starting this business. You can start it without any financial problem, only with the subsidy amount. For this, only some common documents are required, and after confirmation of the application, the benefit is received immediately. The best thing is that you can apply for this scheme anytime throughout the year.
Start your industry in just ₹ 1 lakh, get 35% subsidy
You can start your own mustard oil business by making an initial investment of just ₹ 1 lakh. This business will remain a source of income for you throughout the year. The government is also giving a subsidy of 35% on this. By taking advantage of this subsidy, you can set up your business at a very low cost. To start a business, you have to contact the District Resource Person (DRP) of your district and prepare your entire business plan. After this, you will get its benefit very easily.
Along with oil, there will be tremendous income from ‘Khali’ as well
The specialty of this business is that you can run it from your home. You just have to give 3-4 hours to this work, and your business will run perfectly. You will not need to go out anywhere; customers will come to you themselves. Another big advantage of this business is that the ‘Khali’ left after extracting mustard oil is also useful. Many types of medicines and other products are made from this cake, and by selling them, you can earn extra money. That is, you get double profit from this business – one from oil and the other from cake.
What to do to get government help
To avail the benefits of this scheme, the person applying has to contact the office of DRP or the block-level garden inspector with their Aadhar card, PAN card, and bank passbook. This application process continues throughout the year. Both small and large industries can be easily set up under this scheme. With a subsidy of 35%, this industry remains in demand throughout the year and gets a good price in the market. Interested farmers and entrepreneurs can take advantage of this golden opportunity by applying on a ‘first-come, first-served’ basis.