Top 5 Businesses Under 10 Lakh In India

Starting a business with a limited budget can be a difficult task. But here are the top 5 business ideas under 10 lakh that can make you a successful business person. We often talk about how we can start a business that needs less investment and yields more profit, but usually, this question remains unanswered.

Giving small business ideas under 10 lakh is our objective here. We shall discuss the five best low investment business ideas. The business mentioned below is some of the ideas that can be started under 10 lakh and are profitable.

1. Plant Nursery

With the advanced time, people have upgraded themselves and their surroundings. People love to live in an environment that is filled with flowers and plants. The increasing desire for decorating homes and offices has created a state of necessity to include ornamental plants in India. Plant nursery business is a small-scale and very profitable business. Running a plant nursery business is easy and requires a low investment. While, when your business will become successful, you will want to expand it, and then you can employ more workforce and keep growing.

You can earn huge profits due to low production costs. You can start this business from your small garden or rent a small land and produce quality products.

2. Non-Woven Bags

The need for non-woven bags has increased speedily with the ban on plastic bags by the government. Manufacturing eco-friendly bags is the topmost priority of marketers today so that our ecosystem does not get affected by it. You can start this business with low investment as the machines are available easily in the market and come in various specifications according to the budget.

Along with non-woven bags, you can manufacture fertilizer bags, shopping bags, saree bags, etc. Looking at the increasing awareness among people to save the environment, starting a non-woven bags manufacturing business can prove to be a successful business idea.

3. Candles Making Business

Candle-making business is considered to be a 100% profit margin business. It is one of the best small-scale businesses that you can start. Candles are found in every home and at every shop. Its demand is ever increasing and does not diminish in any circumstances. Candles are popular all over the year. Candle sare used for decorating homes, or burnet regularly for warmth, or spreading aroma in the house, or giving it as a gift to loved ones, friends, and family.

Whether it is a normal candle or a designer molded candle, or an aroma candle, starting a candle-making business is a sure shot. Customized candles are also popular in the market, and they sell out for a very high price. This makes a candle-making business a promising business to start your business career.

4. Spice, Herbs & Allied Product

With an ancient experience, India is one of the leading producers of spice, herbs, and allied products around the globe. The spices and herbs market is so vast that you can see no end to it. While starting spices, herbs, and allied products business, you can either start grinding business or packaging business.

The raw material is easily and conveniently available in the market, and you can start your brand and design good packaging and sell it in the market. Also, you can sell your spice in the market open. Along with this, you can start exporting spices and herbs to other countries and make a hefty profit from them.

5. Bakery

The demand for bakery goods is increasing among the consumers at a steady rate. Globalization has attracted the interest of people to try new things, making the demand for bakery items very high. You can find a bakery shop on every street flooded by buyers.

There are various types by which you can start your bakery business, like Online bakery (currently in trend), counter service bakery shop, food truck bakery shop, and wholesale bakery. According to the interest, once can choose the type of bakery they want to start.

So, if you were confused about ‘how to start a small business under 10 lakh’, then here are few ideas for you. But, these are just a few of many! You can visit Institute For Industrial Development (IID) at www.iid.org.in and get more such kinds of business that can fall under your budget. Sharing a secret, there is also much business that you can start under 1 lakh. To know more, visit IID and become a member to get business project reports, plant and machine suppliers, expert connect, etc.