When it comes to earning money, not many people have an interest in doing a nine-to-five job. Opening to a new business on your own is an excellent way to get rid of it. While talking about starting a new business, all are come up with the thought of funds. It is not necessary to gather a massive amount of money to create a new business. You need to know the proper plan and guidance about what kind of business you want to start, and with a lower investment, you can create your own business. Many standard business investment business ideas in India are profitable and suitable for a new start. In this article, you will come up with some low investment business ideas and related to its funds and loans.
Some low investment business ideas
1. Event organizer
Celebrations, ceremonies, and certain events are a very crucial part of society. On every occasion, there is a reason for celebrations. If you are good at managing events and have good knowledge of decorating themes, it will be great to start organizing events. It is an effortless and low-cost investment. You can organize marriage functions, parties, or even some gaming venues and other government events.
2. Cafe or food trucks
Nowadays, the food business is considered the topmost business among all. But people always think that starting a hotel needs a lot of funds, but luckily, if you have a good hand on cooking food, you can start up your food business with a meager investment. Opening a rented café or running a food truck is a straightforward yet good start business.
3. Making organic handmade soaps and other beauty products
Because of the emerging pollution and changing environment, taking good care of the skin is very important. Today all the young generation are adopting to use natural and organic products than cosmetic products. So, starting a business producing natural organic soaps and other beauty products might be an excellent low-cost investment. You have to join a training program to make a bit of fund; you can start your business.
4. Opening a fashion boutique
Nowadays people are very much into fashion and styling. When it comes to designing clothes, it is always searching for a good boutique. Therefore, it is a good idea to open a boutique with a good knowledge of designing fabrics. You can add some other accessories to do your good business marketing.
Photography is a hobby, but do you know you can build a business with this? If you want to change your hobby into a business, then it is a good idea. With your skill and a little effort, you can start your business with a very low-cost investment. You can begin your photography business by joining with some other companies by taking some contract.
6. Developing App
Becoming an app developer is now the most trending business. If you have good technical skills, then it is the most suitable business for you.
7. Opening a coaching class
In India, doing business in the education field is a very profitable one. If you love teaching, opening a coaching class is a safe yet most profitable and low-cost investment business.
Some tips related to business and funds
There are many government schemes provided by the Indian government, which will give you a start-up fund for your business. A project named CGTMSE, i.e., Credit guarantee fund trust for small enterprises, comes under micro. Small and medium enterprises provide loans to start-up businesses with credit guarantees without any external third-party warranty. The maximum fund is up to two crore rupees. For CGTMSE GST registration, you have to prepare all the plans for your business. Then, you have to opt for a bank nearby and fill all the applications. After verification of all the documents, the bank will send your application to the CGTMSE. They will again verify four papers, and if that got approved, they would allow your bank to proceed with the fund.
The PM SVANidhi is a fund running by the ministry of housing and urban affairs with which you can get the fund up to ten thousand rupees for starting your business. There is specific eligibility you should fit in to apply for this fund.