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New Delhi. Inflation is only increasing. Meanwhile, the common man is looking at jerks on jerks. The prices of food items are skyrocketing. These days people are making the common man cry through their onion prices. The price of onion has reached around Rs 50-60 per kg at this time. In such a situation, the demand for onion paste increases amidst the rising prices of onions.
Due to the market demand, a good business idea of making onion paste business can prove to be better for you. Due to the easy technology, anyone can set up its unit and earn good money.
Know how much it will cost?
Khadi Village Industries Commission (KVIC) has prepared a project report on the business of making onion paste. According to this, this business can be started for Rs 4.19 lakh. If you do not have money to start a business, then you can take a loan from the government’s Mudra scheme.
According to the KVIC report, the total cost of setting up an onion paste manufacturing unit is Rs 4,19,000. In this, Rs 1 lakh will be spent on construction of building shed and Rs 1.75 lakh on equipment (frying pan, autoclave steam cooker, diesel furnace, sterilization tank, small utensils, mugs, cups etc.). Apart from this, Rs 2.75 will be required to run the business. About 193 quintals of onion paste can be produced through this unit in a year. At Rs 3,000 per quintal, its value will be Rs 5.79 lakh.
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Marketing this way
After the onion paste is produced, pack it in a better way. Nowadays the product is sold on designer packing. You can take the help of marketing for its sale. Social media can also be used for this. Apart from this, if you have the budget, you can promote your product by creating a company website.
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Know how much you will earn?
According to the report, if you produce onion paste with full capacity, you can sell Rs 7.50 lakh in a year. If all the expenses are deducted from this, then the gross surplus will be Rs 1.75 lakh. At the same time, the estimated net profit can be Rs 1.48 lakh.
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