Khadi and Village Industries Commission (KVIC) has prepared a report on the installation of the Vati Gutika manufacturing plant. The cost of your project is about Rs 5 lakh and if you apply for a loan under the Prime Minister’s Job Generation Scheme, you need to have Rs 50 thousand, the remaining 90 per cent will get the loan.
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How much will it cost
According to the KVIC project report, the cost of your project will be around Rs 5.06 lakh, which includes machinery and equipment, working capital, workshop rent, etc. At this cost, you will prepare around 20 thousand Vati Gutika in a year.
Building rent Rs 2 lakh annually, equipment Rs 2.10 lakh, working capital Rs 96 thousand, raw material cost Rs 3.35 lakh, label packaging Rs 25,000, salary Rs 4.25 lakh, administrative expenses Rs 1, 50 lakh, general expenses Rs 1.50 lakh, miscellaneous expenses Rs 10 thousand, Loan interest Rs 66 thousand. The total (annual) working capital requirement will be Rs 4.18 lakh. The variable cost will be Rs 7.38 lakh and the working capital quarter will be Rs 96 thousand.
how much are you going to earn
In the project report, you will have to say how much profit you will make annually. For example, with fixed cost and variable cost, your production cost will be Rs 11.54 lakh. You have set a target of making 20 thousand vati or gutika and if you sell it at 75 rupees a piece, your total annual sales will be 15 lakh rupees. You can make a profit of around Rs 3.45 lakh. That is, about 30 thousand rupees can be earned every month.
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How to apply for a loan
If you would like to obtain a loan for this project, you can apply online or contact your district District Industries Center or Khadi Village Industries Commission District Office.undefined
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PUBLISHED FOR THE FIRST TIME : August 21, 2020, 08:06 IST