Farming Business Idea: Vermicompost is emerging as a significant advantage for farmers. In an effort to enhance organic farming practices and preserve soil fertility, an increasing number of farmers are embracing the production and application of vermicompost. This shift not only boosts their income but also creates employment opportunities for many.
For example , a farmer named Bhushan Bhikhari Mehta’s efforts was mentioned. He generates substantial annual earnings by producing vermicompost from 300 units. As reported by the media, vermicompost serves as an excellent organic fertilizer, created with the assistance of earthworms.
Vermicompost rich in vital nutrients
It is rich in vital nutrients such as nitrogen, phosphorus, potassium, zinc, and calcium, which contribute to improved plant growth. Additionally, it fortifies plant roots and enhances their resistance to diseases. Utilizing vermicompost in agricultural fields helps sustain soil fertility, while the organic components it contains improve the soil’s water retention capacity, thereby reducing irrigation requirements.
Government subsidy of Rs 5,000 per unit
The Agriculture Department provides a subsidy of Rs 5,000 per unit to encourage farmers to produce and apply vermicompost in their fields, ensuring the ongoing fertility of their land. The initial investment for establishing a single unit is approximately Rs 10,000, which can yield around 40 quintals of vermicompost annually. Farmers can sell this product at Rs 600 per quintal, resulting in a lucrative income.
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