Business Idea: If you’re young and considering starting your own business, this news could be very important for you. Many young people are currently turning to business, but a lack of capital can make starting a business difficult. But now you don’t need to worry. The business we’re about to tell you about requires very little capital. You can easily start this business.
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Learn about low-budget businesses
You can start a business with just ₹25,000. There are many government-sponsored projects for young people, which are open to both men and women. This includes a household broom business, which you can start for ₹25,000 to ₹30,000. Similarly, businesses like beauty parlours, pickle and papad making, fashion designing, and spice businesses can be started for as little as 30,000 to 40,000 rupees. There are numerous startups that young people can start.
Government Support
In light of the increasing number of young people pursuing self-employment, the government assists. Currently, several state governments are offering loans up to 5 lakh rupees with interest-free benefits under the Youth Entrepreneur Scheme. There are also other ongoing schemes.
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Young people interested in starting a business can contact the information institute. Registration with the District Industries Centre, along with business-related certifications and training, is essential for starting a business. Essential documents like an Aadhaar card, a bank passbook, and five photographs are also required. The institute periodically provides free training on various businesses.