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Flour Mill Business: Flour mill business is a great opportunity for low investment, low risk and stable income. Due to government subsidies and assistance schemes, this business becomes even easier and profitable. Although flour mills are now a loss-making business in urban areas, its demand is still high in rural areas.
Sultanpur: If you want to start a permanent and profitable business at low cost while living in your village or home, then flour mill business can be a great option for you. The most special thing about this business is that you can easily start it in both rural and urban areas. To set up a flour mill, a space of approximately 20 x 20 feet is sufficient and the initial setup is also not very expensive. On a small scale, it can be started at a cost of only Rs 50 thousand, whereas for setting up a large scale unit, an investment of Rs 1 to 2 lakh has to be made.
Flour mill business is a very simple and low-risk business, in which good profits can be earned. Flour has always been a domestic necessity, hence its demand never decreases. This is the reason why this business can grow rapidly even in rural areas. Along with men, women can also operate it easily, which provides a good opportunity for self-employment sitting at home.
Government also gives grants
District Horticulture Officer Ranvijay Singh said that a provision of subsidy has been made by the government to open a flour mill. For this, application is made under PMFME scheme. Interested people can apply online by visiting MyScheme portal and after that they have to submit their required documents to the department.
How much subsidy will you get?
Under PM FME Scheme, eligible applicants get a grant of 35% of the project cost, the maximum limit of which has been fixed at Rs 10 lakh per unit. This means that if you spend up to Rs 2-3 lakh in setting up a flour mill, you can get considerable financial help. Along with this, not only financial assistance but also facilities like training, marketing support and taking the business to the market are provided in this scheme.
About the author
Active in media field for more than 5 years. Currently working in News-18 Hindi. Started journalism from 2020 Bihar elections. Then after reporting in UP, Uttarakhand, Bihar, now I am getting permission to work in the desk.read more
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