Banana paper business can be done anywhere.For this, a loan can be availed from PM Mudra Yojana.Starting this business can cost Rs 16 lakh.
New Delhi. Banana is one of the most favorite fruits. Its production also continues year after year. It has no season. Everyone knows that money can be earned from banana farming, but do you know that banana peels can also be earned. Paper is made from the bark of the banana plant and the fiber of the banana peel. This paper has higher strength and tensile strength than any ordinary paper.
By starting a banana peel paper making business you can easily earn good income throughout your life. Khadi Village Industry Commission has also prepared a report regarding this business. It tells how much money you have to spend to start this business. You can set up a banana paper manufacturing unit in any village, city or town, but you are almost guaranteed to earn well.
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How much will it cost?
The KVIC report states that the cost of starting this business is around Rs 16 lakh. But the good thing is that it doesn’t cost you much out of your pocket. You have to invest only Rs 4.65 lakh from your pocket. You can get the remaining amount on loan. You can get a loan of up to Rs.12 lakh. You can get a loan of up to Rs 10 lakh at cheap interest from PM Mudra Yojana.
How much will be earned?
If we talk about the earnings, the earnings are increasing year by year. According to a Money Control report, you will earn more than Rs 5 lakh in the first year. Next year your income will cross Rs 6 lakh. Next year it will reach Rs 6.80 lakh. According to the report, this profit will grow faster after that.
Tags: business ideas, earn money, Money making tips
First Publication: March 7, 2024, 06:43 IST
Banana Paper Business
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