Business Idea: If you want to start a new business, today we have brought a new business idea for you once again. This is a business in which the demand for the product is prevalent among people from every category. Whether it’s a village or a city, there is tremendous demand for this product. We are talking about setting up a soap manufacturing unit, in other words, a soap production factory. Soap is manufactured using machines in this business and then distributed to the market. Although many people sell handmade soaps in the market, the good thing is that even on a small scale, this business can be started.
In today’s time, there is a demand for soap in small towns as well as big cities, towns, and villages. In such a scenario, a soap-making business can be profitable for you. You can open a soap factory with very little money. Under the Mudra Scheme of the Modi government, you can avail of an 80% loan to start this business. There are several advantages to taking a loan under the Mudra Scheme.
Setting up a soap manufacturing unit costs a total of 1,530,000 rupees. This includes the cost of the unit space, machinery, and three months’ working capital. Out of this 1.53 million rupees, you will need to spend only 382,000 rupees. The remaining amount can be obtained as a loan under the Mudra Scheme. To set up the soap-making unit, you will need a total of 750 square feet. This includes 500 square feet covered and the rest uncovered. There will be 8 types of equipment, including all types of machinery. According to the project report, it will cost only 100,000 rupees to install these machines.
Soap Market Categories in India
- The soap market can be divided into different categories based on its usage.
- Laundry Soap
- Beauty Soap
- Medicated Soap
- Kitchen Soap
- Perfumed Soap
Keeping in mind the demand and market, you can prepare your product for any of these categories.
Know the Earnings from Soap Business
According to the Mudra Scheme project profile of the central government, you can produce around 400,000 kilograms of soap in a year. The total value of this production will be around 4.7 million rupees. After deducting all expenses and other liabilities in the business, you will have a net profit of 600,000 rupees, which translates to a pure profit of 50,000 rupees per month.
