Business Idea: Paper straw business will generate huge profits, start it with government help

Business Idea: The paper straw making business. You can earn a good amount every month by selling it in the local market. After the ban on single-use plastic in India, this business has gained momentum. Due to the increasing demand for paper straws in the market, its manufacturing is becoming a big business. You can earn lakhs from this paper straws making business. the Government of India has banned single use plastic from July 1, 2022. Due to which plastic items are disappearing from the market. One of them is plastic straw. So, the demand for paper straws is increased in place of plastic drinking straws.

Khadi and Village Industries Commission (KVIC) has prepared a project report on paper straw unit. GST registration, Udyog Aadhar registration (optional), brand name of the product may be required for this project. Basic things like NOC from the State Pollution Control Board and Trade license will have to be taken from the local municipal authority is needed.

 

Cost of Paper Straw Business

The cost of paper straw making business is Rs 19.44 lakh. You have to spend only Rs 1.94 lakh from your pocket. You can finance Rs 4 lakh for working capital. You can take a term loan of the remaining Rs 13.5 lakh. To start the business, you can also take a loan from PM Mudra Loan Scheme.

 

Know how much will be the income from paper straw

Paper straw making business can earn in lakhs. If you start making paper straw with 75 percent capacity, then your gross sale will be Rs 85.67 lakhs. After deducting all the expenses and taxes, there will be an income of more than Rs 80,000 every month and annual income of Rs 9.64 lakhs.

 

Raw material required for paper straw

It requires food grade paper, food grade gum powder and packaging material. Apart from this, a paper straw making machine is required. Which costs around Rs 900000.