Business Idea: If your expenses are not being met by your job and you want to earn some extra income, we are offering you a business idea. You can start this business alongside your job, and it will increase your earnings. We are talking about the Wooden Furniture Business. You can even get a loan from the government to start this business, making it easy to begin.
In today’s time, there is a growing demand for wooden furniture, as people prefer wooden items to decorate and renovate their homes. It is a highly profitable business, and the Modi government is ready to assist you with it.
To start the Wooden Furniture Business, you would need an investment of around 1.85 lakhs INR. Under the Mudra scheme, you can get a composite loan from the bank, which can amount to approximately 7.48 lakhs INR. Out of this, you would require around 3.65 lakhs INR as fixed capital and 5.70 lakhs INR for three months of working capital. The Modi government provides loans to small businesses under its Mudra Yojana, making it accessible for 75-80% of new businesses. With this scheme, you can start your business and earn a decent income. It is not a difficult business to start.
After starting this business, you will begin to see profits from the beginning. With all expenses covered, you can easily make a profit ranging from 60,000 to 100,000 INR. With these earnings, you can quickly repay the loan. Even with a low investment, you can double your income, securing your future.
