1 lakh business plan

50 Businesses You Can Start With INR 1 Lakh Or Less

Shubham Kumar

According to a survey by Randstad Workmonitor in 2017, 83% of the Indian workforce would like to try entrepreneurship. While there are many who want to start a full time business, there are others who plan to start some part-time business to earn extra income. However, starting a business has many hurdles associated with it, and the major hurdle is the lack of capital. As a matter of fact, there are many businesses which can be started without investing a huge amount of capital. Here is a list of the best business ideas you can start by investing INR 1 lakh or less.

You may also like: 62 Business Ideas with Low Investment and High returns

Businesses You Can Start with INR 1,00,000 or Less

Cab Fleet Home Automation Services T-Shirt Printing Investment Business Stationery Store Startup Canteens Custom Gifts Professional Cameras on Rent Xerox and Printing Juice Shop Food Corner Game Parlour Used Car Dealership Driving School Beauty Salon Affiliate Marketing Blogging Writing Services Homework Help Services and Tutoring Web Designing Business Graphic Designer Interior Designer Home Decorator Fashion Designer Starting an Online Store Bookstore Fashion Store Babysitting Craft Store Bakery Online Advertising Dancing and Music School Sell Handmade Products Consulting Business Real Estate Agency Travel Agent Web Maintenance Service Event Management Business Amazon Seller YouTuber Podcasting E-Book Writing Laundry Shop Tailoring Home Cleaning or Corporate Cleaning Services Home Maintenance and Repair Services Catering Business Grocery Shop Mobile Repair Shop Paper Bag, Cloth Bag, or Jute Bag Making

You can buy a used car or a couple of bikes under INR 1 lakh, register them with Ola , Uber, Rapido, and other on-demand cab services. You then need to hire some people to drive the cab for you. Even after the necessary deductions like paying the driver's salary along with the maintenance expenditures, you'll still end up with a good profit.

Home Automation Services

Speech recognition devices like Amazon Alexa and Google Home have become common in today's households. With some knowledge of electronics and coding, you can help people pair their home appliances with speech recognition devices. This would allow them to control the appliances by giving commands to the speech device. One needs to purchase electronic equipment and hire a few talented guys to take care of the programming and configuration aspect.

T-Shirt Printing

There's a constant need for custom designed uniform with logos and pictures. As a result, T-Shirt Printing is a lucrative business one can pursue. You can help customers by printing their required designs and logos on T-shirts. For that, you'll have to invest in a good T-shirt printing machine . There are many affordable machines in the market, some starting from as low as INR 50,000 . If it sounds expensive, one may rent the machine from someone on a monthly basis or longer and once the business turns profitable, the venture owner could buy his or her own machine. With the constant emergence and growth of social media influencers, this business is in high demand at the moment. And there's no dearth of offline opportunities as well. Many T-Shirt startups are already excelling in this industry.

Investment Business

If you have knowledge about trading and investing, you can provide the service of handling people's money and generating profits for them through the share market. But to take off with this idea, one needs to demonstrate the knack for making successful predictions and trades in the market because people believe only when they see. Moreover, it requires immense trust to hand over one's hard earned money to someone else. So start by investing money for relatives and friends, turn them into success stories, and then aim for the big fish! You can start your own investment company in the future with this business idea.

Also read: Best Fintech Startups in India

Stationery Store Startup

You can open a stationery store and cater to new startups and offices since they require a lot of stationery related items like pen, paper, markers, etc. Offer them the best quality stationery products at reasonable prices. You can also partner with schools and coaching centers to establish your presence. Subsequently, students will come only to you for stationery needs. Connectivity with your main store means shortage of supplies can be taken care of immediately. You will need to build an effective transport network for connectivity between the main warehouse/store and your franchises to meet urgent delivery request. A home delivery facility will attract more customers. This business idea can be easily launched with INR 1 lakh and be scaled as a formidable startup if implemented with the best practices.

Canteens are no less than a necessity in public places such as parks. Even hospitals and office spaces are known for the crowd they bring. You can lease a space in such locations and start a canteen there. Start with limited options like tea, coffee, and biscuits. If there's a growth in your customer base, you can then increase the options offered. Once the entire business is in motion with windfall profits, you can then think of expanding the canteen chain.

Custom Gifts

According to Asianage, the gifting industry in India is expected to reach $84 billion by the year 2024. The industry is worth north of $65 million at present. The millennials have contributed significantly to the rise in gifting culture. Starting a personalized gifting business can prove to be a profitable business. All you need is creativity and innovation which are reflected in awe-inspiring photo frames, custom coffee mugs, etc. Test your initiative on your acquaintances and see what they think of custom gifting as a customer. You can also distribute samples embellished with your information for promotion and publicity. Closing a deal with corporate offices, especially during the festive season, is also a good idea for marketing.

Also read: Corporate Gifting Ideas for Diwali

Professional Cameras on Rent

Social Media platforms like Instagram and Facebook have ushered in a new era, one where everyone's crazy about selfies and videos. By the time you'd be done reading the previous sentence, hundreds of thousands of pictures must have been uploaded online. People are desperate for good quality images and videos. They need excellent cameras for that. You can buy a high-end camera that ranges between Rs. 50,000 to 80,000 and rent it to people on an hourly basis. If you can invest in a good quality drone with integrated camera and provide the instructions on its usage, nothing like it. You can easily command more than Rs. 1000 per hour as people are willing to pay astronomical amounts for those precious drone clicks!. If you are interested, you can also start doing professional photography.

Xerox and Printing

Although everything's online now, requirements like photocopying and scanning will never fade. You can buy a xerox machine and start a business near a coaching center, college, or offices. It is a highly scalable business idea if done right.

Also read: How to make money online

With the millennial (and everyone in general) moving towards a healthier lifestyle, juice shops are the place to go after that intensive workout. Be it fruit juice or protein shake, juice shops are a favorite for many. Starting a juice shop business near a jogging park, fitness center, or in a commercially bustling area offers a good chance to make money. If you cannot find any such place, you can always start with a movable setup like using your car and parking it near a jogger's area every morning. All you need to start this business is a good juicer, fruits, and necessary permission for your venture. All of the inventories can be bought for less than 50,000 rupees. You can use the other INR 50,000 from your INR 1,00,000 investment to market your shop. You may have to seek police consent and those of the concerned authorities. Target residential societies, if possible. As more and more people throng to your shop, you'll get an idea and insight into their preferences and thereby come up with even better offerings. It is one of the most promising business ideas you can start with INR 1,00,000.

Food Corner

Some eat to live while others live to eat. All in all, a Food Corner has all the ingredients of a profitable business . Aim for affordable meals so that people from all walks of life have something to consume at your joint. Since we're talking about businesses under INR 1,00,000, start with a stall type of setup. Talk to the southern meals and MOMO vendors you find on the roads to understand how they work. This is the one of the best businesses you can start with INR 1,00,000 or even less as food will never go out of trend.

Also read: How to market a restaurant

Game Parlour

The gaming industry is witnessing a boom. The current value of the gaming industry in India is $850 million and it is growing at a rate of 14.3% every year. If you think people in your locality are into mobile or PC gaming, you can buy a few high-end mobile phones and PCs and set up a game parlor . Many people want to play high performance mobile games but don't have compatible phones. There's tremendous opportunity in mobile lending. Apart from the money you make from the games, you can sell snacks in the parlor for some extra cash.

Used Car Dealership

There are many people who prefer to buy used cars in good condition. They buy a used car, drive it for a year or two, sell it, and buy another used car. You can start a used car dealership and find customers easily. All you need is a used car, have it repaired and find a buyer. If you can add some value to the car through modification, people will be ready to buy it for a higher price . Start your business by scouting for a used car that can be purchased and enhanced in 1 lac budget. Many people like to buy used cars and enhance it in a short period of time.

Driving School

Driving school continues to remain in the market. It is still a good business that mints money as the number of driving licenses issued every year grows exponentially. For a driving school, you need a good marketing plan as you cannot target specific people. You will have to use traditional channels of advertising like newspapers and pamphlets. Social media marketing can also assist in acquiring customers.

Beauty Salon

For someone who is interested in doing hairstyles, makeup or grooming people, starting a salon can be a nice business. A shop in a good locality is needed, besides many also start it at home. Much heavy investment is not needed, and also one can earn good amount of profit in this business

The above mentioned are some of the best business ideas that can be started by investing around INR 1,00,000. But if you feel that 1 lakh is not what you can invest right now, there are still other businesses you to start that requires very less investment. Let's have a look at some such business ideas

Also Read : 10 Small Business Ideas that You can Start from Home

Best Businesses to Start with Less Investment

Affiliate marketing.

Affiliate marketing is an easy to start yet profitable business that you can start, without any major investment. What you have to do is to simply promote other business's products and services online and earn commission. You don't even need to have your own website to start affiliate marketing. Just choose the products you would like to promote and register yourself as an affiliate of the company whose products you would like to promote. Once authorized to become an affiliate, you receive affiliate links for various products the company is selling. You can now paste these links on your website or promote them through your social media accounts, YouTube channel, in online groups or communities, or through email, and start earning commission whenever someone clicks on your link to visit the company's website and makes any purchase.

If you love writing, blogging is an interesting and profitable business that you can start with minimal investment. All you need to spend is on a domain and a good hosting plan. So just with an investment of INR 5000-6000 you are all set for a blogging business. Blogging lets you make money in many ways. You can sign up with Google AdSense to show ads on your website, do affiliate marketing, write sponsored posts, sell e-books and much more through blogging.

Writing Services

Another good service for those who have amazing writing skills is starting a business providing writing services. Writing service providers create various content for the clients ranging from resume writing, article writing, short story writing, copy writing, technical writing, editing and much more. You can start by offering a limited services, and once scaled up, you can hire people and broaden the spectrum of your services.

Homework Help Services and Tutoring

There are many students who would pay to get some help for their homework. You can start online homework and assignment consultation services. Students can call you to seek help regarding their assignments and you can charge them on an hourly or per assignment basis. You can target hostels and colleges for this business. This is an awesome business idea if you are excellent in studies and requires very little money to begin with. The only investment will be in the form of internet and your device. Tutoring is also a good way to make some money with almost no investment.

Web Designing Business

If you have relevant knowledge, you can start designing websites for various businesses. In today's digital world, every business big or small needs a digital presence to grow. By starting a web designing business, you can tap into this trend.

Graphic Designer

Are you a graphic designing expert? Well this can indeed be a great business option. Graphic designing has a huge scope. From creating logo's for companies, to designing brochures and marketing materials, making graphical content for social media to designing packages, there is lot you can offer to your clients and earn a good amount of money.

Also Read : How to Become an Expert Graphic Designer

Interior Designer

Interior designing is another great business option. With required skills and preferably the required certifications, you can easily start an interior designing business. Start by designing interior for your family, friends and acquaintances, and build a good portfolio that you can show attract clients. If your work is good enough, this business will surely take you places.

Home Decorator

Being a home decorator is a good business for those who loves to decorate beautiful homes. A home decorator is one who decorates the interiors with beautiful furniture, accessories etc. While you need certification to become an interior designer, no certification is needed for being an interior decorator. All you need to be an interior decorator is creativity.

Fashion Designer

If you have a knack for fashion designing, fashion designing business is something you can start without much investment. Find a niche segment and decide for whom you want to design clothes. Start by offering a few products, and promote your business to your acquaintances well as through social media. Also it is good to have your own website where you can showcase your design.

Starting an Online Store

Starting an online store is yet another good business idea. Just choose the products you want to deal in and decide whether you would like to go for drop-shipping or stocking the products you want to sell. As regards creating the e-commerce site, there are many platforms like Zepo, Shopify, and FreKart that will help you in this regard.

Starting a book shop is an affordable and nice business. One can opt to sell used books also, as they can be procured at a low cost. While there are many these days who prefer to order books online, and others who read e-books, there is still that category of readers who like to hold a book in the hands and read it, rather than reading it on a screen. So if you can rent a space near educational institutes or in a popular market area, your bookstore will surely earn profit. Coffee shop bookstore is also a cool place that people like to visit. So if you have enough space and required skills, you can also start a coffee shop alongside your bookstore to attract more customers.

Fashion Store

If you love to look stylish and fashionable and has a god fashion sense, you may consider opening a fashion store. To start with find a niche for yourself and start dealing in your niche. For example you can begin with a kids fashion store, and expand later to other niche as well, with increase in budget. You can also consider establishing your online presence and sell your clothes online.

Babysitting

Babysitting is also a business that requires very less investment. If there is space, you can start this business at your home itself. You just need to invest in some good toys, books, etc. to keep the kids busy. Also healthy food should be made available.

Craft Store

Opening a craft store is a viable business option. You can either create your own piece of art for selling in the shop or procure art and craft items in bulk and sell the same at retail rates. Craft items have a good profit margin when bought in bulk.

If baking is your passion, a bakery is a good business you can start. To keep the investments on the lower side you can opt to start a home bakery or a cloud kitchen. In home bakery and cloud kitchens, you just need to cook and deliver the food items, without any hassle of making sitting arrangements. Thus your rent is saved.

Online Advertising

Online advertising is what many businesses opt for these days, as online advertising is a great way to reach a wide audience. As such starting your own online advertising business is surely a profitable option. As an online advertising company you can provide services such as website designing, SEO services, PPC advertising, Social media marketing, content marketing and e-mail marketing.

Dancing and Music School

If you are a trained singer or dancer, music and dance classes can be a good business you can start. When started in a very small scale at home, you do not require any registration or licensing. Once you feel confident enough, you can scale up your business.

Sell Handmade Products

Handmade products are in demand these days. So you can make and sell handmade soaps, incense sticks, candles, etc. to make profit. The Government of India offers affordable training courses where you can learn to make these goods. You can sell them online, and as you scale up you can tie up with spas, salons, hotels, etc. for selling the products.

Other than this, you can also consider selling home made jams, pickles, chocolates, etc. Homemade stuff can be also be sold through sites like Etsy.com.

Consulting Business

Consulting services can be offered in various fields such as accounting, auditing, insurance, career, taxes, business and more. You just need to spot your area of expertise and start your consultancy accordingly. Try to get initial customers from your acquaintances and give them the best services so that you can benefit from word of mouth publicity.

Real Estate Agency

If you have interest and knowledge about real estate, you can become a real estate agent. You can choose from dealing in residential properties, commercial properties, or plot investments to start with. Get the required licensing, gather the required information and knowledge about the property you are dealing in, and promote yourself well so that you can reach out to your target customers.

Travel Agent

With the boom in the travel and tourism industry in India, starting a travel agency is a great business idea. You can choose to deal in anything: air ticket booking, hotel booking, selling travel packages, or all of them.

Web Maintenance Service

With every business going online, there is a rising need for web maintenance services. Website maintenance is required to keep a website error-free, up-to-date user friendly, and safe. In current times, web maintenance service can be a profitable business to start.

Event Management Business

Do you feel that you have what it takes to organize an event successfully? If yes, an event management company is something you should start. With the boom in the event management segment in India and worldwide, event management surely is the right place to be in. To start with, you can mange events for family and friends to get the exposure, and also do some thorough research on managing successful events. Being a first timer, you may find it overwhelming to provide all the event management related services. So you may start by offering one or two services like visitor management services, flower decorations, press and publicity services, etc. to big event management companies. Once you are confident enough, you can take the plunge to start your own full-fledged event management company.

Amazon Seller

Becoming an Amazon seller is a lucrative and profitable initiative. Currently there are over 5 lakh sellers registered with Amazon India. The best part about being a seller with Amazon is that you can reach out to a wide customer base not only within Indian but globally; Amazon takes care of everything from delivering the products to the customers to transferring money to your account.

Not just money, YouTube can actually turn you into a celebrity. If you choose to be a YouTuber, you can make money through various streams. You can earn money by becoming a YouTube partner, by selling your merchandise through your YouTube Channel, or by creating sponsored content. There are options where your fans can pay you directly. If you are a viral content creator, you can even make money by letting media houses use your content and get paid in return.

Looking at its popularity, podcasting can be a good business too. There are many ways in which a podcaster makes money. There are businesses who sponsor podcasts and that means a good source of revenue. Podcasters also earn from donations and crowdfunding by selling their own products and services, or through affiliate marketing.

Also Read : Everything you Need to Know About Podcasting

E-Book Writing

With all the craze around e-books, being an e-book writer can also prove to a profitable business. Before diving into writing an e-book, you need to find your area of expertise and interest, and write something which will create value for your readers. Once written, it's important to extensively promote your e-book to the relevant audience to generate more sales. You can sell your e-book through your own website, on Amazon's Kindle Direct Publishing (KDP) platform, or through other publishers.

Also Read : All You Should Know about E-books

Laundry Shop

Services that make the household chores easy are gaining popularity fast. Laundry service is one such life saver for the millennials. A well-managed laundry business is something you can start and earn profit from. You would need a staff to take care of washing, ironing, etc. Regarding marketing, targeting young people, working professionals, and tying up with co-living space providers can help significantly.

Tailoring is one of those businesses which can be started with low investment. Depending on your budget and skills, you can start tailoring at a small level from your home with a sewing machine and once budget and experience permits, you can launch a boutique. Upon expansion, you may buy a pico machine, interlock machine, embroidery machine, etc. and diversify your specialities in tailoring.

Home Cleaning or Corporate Cleaning Services

Cleaning is an essential service that individuals, organizations, and others cannot live without. With the uptick in the number of corporate offices, co-working spaces, co-living areas, and serviced apartments, the demand for home cleaning and corporate cleaning facilities has surged. Hence, starting a business in this domain is certainly a good idea.

Home Maintenance and Repair Services

There is lot to do when it comes to home repair and maintenance. From electrical work to painting, plumbing, carpentry or roofing, many chores needs to be taken care of. Considering the huge demand, a home maintenance and repairing business can surely turn out to be a profitable one if executed right.

Catering Business

If cooking and feeding people makes you happy, then the catering business is for you. All you need to invest in is cooking utensils, ingredients that will be required for cooking, and some helpers. Once your setup is in place, you can start taking orders and supply food for parties, functions, and other events.

Grocery Shop

A grocery shop does not require much investment. The most important factor you need to keep in mind is that the shop should be in a good location. Try to provide the variety of goods that people demand, be open to home delivery facility, and watch as you gain loyal customers.

Mobile Repair Shop

As reported by market research firm techARC, India had 502.2 million smartphone users in 2019, and the number is ever increasing. Given the scenario, a mobile repair shop can undoubtedly be a profitable business you may consider. Besides repairing, you can also sell accessories and provide mobile recharge facilities in your shop.

Paper Bag, Cloth Bag, or Jute Bag Making

With the buzz around the danger of using plastic, manufacturing cloth bags, jute bags, and paper bags is an eco-friendly way of making money. With proper marketing and the fabrication of reliable bags, you will end up with a pretty solid business.

These business ideas might seem small as they only need an investment of INR 1 lakh or less. But the sky's the limit when it comes to profits. Once you establish your foot with these initiatives, you can easily scale your business to the next level. Focus on marketing and correctly executing your business model. You may not see overnight results, so hold your horses and be patient. Are you aware of some other business ideas that can be started with a low monetary investment? Do comment.

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21+ Business Ideas Under 1 Lakh Rupees Investment

Last updated on: November 21, 2022 by Kani Karthick

Are you looking for business ideas under 1 lakh rupees? Do you want to start up your own business with less investment? Then this article is just for you.

There was a time when small businesses and small business owners were not given due recognition in India. People found it more attractive to shop at malls and high-end stores rather than at a local market.

Over the years, India has rectified its mistake by raising awareness for small businesses and encouraging people to support them. Today, even malls have pop-up stands and weekend markets where small business owners can sell their products!

Currently, small businesses are such an integral part of the Indian economy and contribute about 30% to national GDP and 40% to overall exports.

Even so, many people who have the entrepreneurial spirit seem to hesitate from starting a business, mainly because people think that setting up a business will cost them a fortune!

If you are one of those people, then this article is going to blow your mind and open your eyes to a bunch of business ideas that do not take over 1 lakh to start up and get running.

1. Sell Handmade Products

2. become a florist, 3. start a baking business, 4. sell embroidery and crochet work, 5. start a boutique, 6. conduct dance, music, or art classes, 7. start online tutoring service, 8. start babysitting or day-care services, 10. become a health and fitness coach, 11. start laundry and dry cleaning services, 12. start house cleaning services, 13. run a food truck, 14. start a juice shop, 15. start a tiffin system, 16. provide content writing services, 17. provide web development service, 18. provide interior decoration service, 19. become a real estate agent, 20. sell mobile accessories and repair services, 21. start t-shirts printing business, 22. start a stationery store, 23. start a thrifted book store, business ideas under 1 lakh rupees.

Here are 20+ ideas for starting a business in under 1 lakh rupees.

Over the lockdown alone, the market for homemade products has increased multifold. These products include handmade soaps, handmade candles , home decor items, painting, carvings, etc.

You can leverage pretty much any of your skills and create homemade products for your own business. Even if you do not have the skill, it is very easy to acquire them.

To set up this business, the only investments you will make are on raw materials and packaging materials.

Another skill-based business that is easy to start up and run. Being a florist is a treat to your senses and your pocket because it comes with a very high-profit margin.

You will need to hire people to deliver flowers to you from the market, which you can do on your own too, but you will need a delivery truck to bring in large quantities of flowers.

When you are starting out, it will be easier for you to hire a delivery service to bring in the flowers and you will have to pay for the flowers too. Arranging them together aesthetically is totally on your skills.

Baking is another small business idea that grew tremendously during the lockdown. People always wait for a chance to celebrate and a celebration is incomplete without a cake!

If you have great baking skills, you can start with accepting orders in a small number, maybe for pound cakes, cookies, brownies, etc.

As the business grows, you can take orders to bake cakes for events and parties. To set up this business, the only huge investment would be a good oven and then there are the baking materials and ingredients.

Unlike your regular stitching, which is also a fantastic business idea, by the way, embroidery work or crochet work is a specialized version of stitching. You will need to acquire that skill and practice a lot to perfect it.

There are multiple embroidery for beginners courses on Skillshare that you can browse through and choose depending on your level of expertise.

Both embroidery and crochet work is not specific to apparel anymore. You can create home decor pieces, customized gifts, ‘save the date’ pieces, and so much more using embroidery and crochet work.

Setting up this business needs your skills, your creativity, your ability to come up with unique and trendy designs, and a lot of colorful threads, needles, and other supplies.

Boutiques refer to stores that create unique, made-to-fit clothing that is one of a kind. People who do not prefer mass-produced fast fashion stuff tend to prefer shopping at boutiques.

If you are a skilled tailor and have a keen eye for fashion, starting an online boutique will work out wonderfully for you.

You will need a fully functional sewing machine and supplies like threads, needles, scissors, etc. You will also need staff to stitch the clothes, but designing the apparel should be your responsibility.

As Indians, we are all really proud of our culture and we have always wanted to pass it on to the next generation too. And the best way to do it is in the form of art, music, and dance.

As a child, I remember running home from school to get ready for my Bharatanatyam classes, and I am sure each one of you connect with that memory in one way or another. You may have trained in classical music or regional dance form or some form of art.

Now is the time to put those skills to use and make money out of them. Most of the time, you can start these classes from home itself. You may have to rent out a studio when your students’ strength grows.

However, to start up a dance, music, or art class, does not take a lot of investment. Even if you are investing in a good music system for dance class or some art supplies for your art class.

A technical and narrowed version of a dance or art class, but tuitions have always been a sort after business. To tell you the truth, there are not enough tutors for the amount of students out there.

If you are a subject matter expert in a field of studies and passionate about teaching, online tutoring is a business that is easy to set up, a really profitable business that also feels fulfilling!

To start up this business, you will need a laptop, a good quality video camera for calls and stable internet connection.

Learn more about starting an online tuition from home before getting started.

If you are calm, patient, and good around kids, this business could be for you!

Working couples that have an infant or toddler on their hands have a lot of trouble finding trustworthy people to take care of them.

If you think you could be that trustworthy person who takes care of their kids, you can offer your service as a babysitter.

You need to get trained and certified in child care. There are colleges that offer certification courses and a full-fledged diploma in child care. The cost of these courses starts as low as 2,500/- INR .

It is best to start out as a babysitter, caring for just one child or two in the beginning. Once you have collected some good reviews and start feeling comfortable with childcare, you can open up a daycare service from the comfort of your own home!

With more people trying to move towards a healthy living, it is the best time to put your skills to use and make some money out of it.

Even though people want to be fit and healthy, many times, they feel clueless about where to start and what to do. That’s where you can come in, with your knowledge and experience in health and fitness.

To start out at health and fitness coaching as a business, you will need a website where you display your skills and educate people about how hiring you as their coach will benefit them.

People have very little time for household chores these days. Any service that makes their life easier will gain popularity quickly.

Laundry and dry cleaning is one such service that picks up quickly and runs successfully, especially in cities. Setting the business up needs a multi-functional washing machine and steam iron to press the clothes.

You will need some staff to share the load, however, you can always start small and then hire more people as you start receiving more orders.

Another service that makes people’s life easier is to offer to clean and organize their homes.

We all want to keep our homes clean and tidy, not just for the looks, but to make life a little easier, too. However, living in a fast-paced life gives people no time to keep their home organized.

If you offer to be the Marie Kondo in their life, your services would be welcomed with an open arm. To set up a home cleaning service, you will need some staff and home cleaning equipment like vacuum cleaners, cleaning products, wipes, and brooms, etc.

Unlike a restaurant that comes with huge overhead costs, food trucks are much easier to set up and costs less too.

The food truck business is the newest trend in the food world that is welcomed by both customers and business owners. The business can be set up anywhere, and it is completely scalable.

You can get people to come to your food truck or arrange for a delivery service to deliver food to their doorstep.

Have a food truck but do not know what kind of food you want to sell? Here are 30 food business ideas just for you.

By far the easiest business to set up. Opening a juice shop needs no skill of any kind. All you need is a bulk of fresh fruits and a good blender that can juice up the fruits.

Setting up a juice shop can prove to be highly profitable considering that the raw material is nothing but fresh fruits. You will need to invest in some good blenders, sweeteners, and juice glasses.

You can also offer to deliver juices to the doorstep in which case you will need to invest in disposable and spill-proof containers for the juice.

Remember how people say that the way to a man’s heart is through his stomach?

If you decide to open a tiffin business that offers piping hot homemade food that is tasty as well as healthy, it will be a huge hit in the matter of a month or less.

To set up a tiffin system business, you will need really good cooking skills, ingredients to cook, and an initial investment on a bulk of tiffin carriers. You will need to hire someone to clean the tiffin and sanitize them after every use.

Masala Box is one such tiffin system that is very popular. Their clean and well-made food has become a way of life for working professionals!

The best target market for the tiffin system remains to be people working at corporate offices and students living in PG and hostels.

Wondering how to start an online food business? Read this article !

Content writing is a really sought-after skill. If you are experienced in content writing, you can offer your services on a freelance basis.

Content writing comes in many forms, like website content, corporate blogs, SEO content, ad copies, and much more. Businesses will need these services on a regular basis, and it is easier for them to hire a writer for these tasks.

Setting up this business needs a laptop, a stable internet connection, and your writing skills. This low investment business idea has been undertaken by many people already and the success rate is great.

Web development and website designing is a very technical skill that few people have, and it is also very sought-after skill.

Today, a business is nothing if it does not have a fully functional website representing it. People discover businesses more through search engines than anywhere else.

If you have the technical skill to design and develop a website, then you can open a web development agency and offer your services to people.

To set up a web development business, you will need a laptop, stable internet connection and your skills. You will need some staff to share the task as the business grows.

Another great small business idea with low investment and all it requires in your skill and creativity. A diploma or degree in interior design is preferable.

You can start small, by designing and decorating for your friends and acquaintances. In the beginning, this will help you learn and grow. You can also collect their reviews and build your portfolio.

Create a website for your business, build your portfolio, and add these reviews to give your business a professional look, and soon enough, you will have clients lining up for your services.

If you are a people person and do not mind roaming around your locality, talking to house owners, this business is best for you.

Real estate agents act as a middleman between a house or property owner and a client who wants to rent or buy the property. They are in charge of talking up the property, showing the property to the clients, negotiating the price, and closing the deal.

Their payment usually comes as commission, which is a percentage of the property’s purchase price or the rent agreed upon.

To set up this business, you will need a professional website, tie-ups with houses and landowners in your chosen locality, a vehicle, and maybe one staff to start with.

A mobile accessories store is very easy to set up, and the investment is also very low. Mobile accessories stores sell phone covers, tempered glass, earphones, etc.

These are stuff that people will need to protect their phones and make them look aesthetic.

As an extension, if you can offer mobile repair services, that would be even better, provided you have the right skills for the same.

Printed T-shirts are very quirky and trendy. People love printed T-shirts because there is a lot of room for customization. You can wear your mood, your personality, and your attitude.

This also makes it a highly profitable business idea. You can offer to custom print T-shirts based on your customer’s requirements. It can be a graphic, a cartoon, a quote, or just an emoji.

Even a heavy-duty T-shirt printing machine will cost you less than INR 50,000/- and you will need a laptop to design the print. Check out SRY prints on Dukaan for some inspiration!

Just like mobile accessories, stationery is also a high-demand product. Be it for schools or colleges or offices, people need stationary on a daily basis.

You can create a small start-up that simply sources stationery and supplies to nearby stores or offices in bulk. Or you can set up a full-fledged stationery store.

Either way, setting up this business will not cost you more than INR 50,000/-

Here is some more information about how to start a stationery business .

Thrifted books are pre-used books or pre-owned books. Once people are done reading a book, they usually dispose it to waste.

You can encourage people to donate their used books to you instead. All you need to do is clean up the books, sanitize them and then put them up for sale.

Of course, you cannot sell the books at their retail price but you can put it up at half price, nevertheless, you will make a good profit.

However, if you are looking for more thrift store ideas or wondering how to start an online thrift store, read this article .

And there you go, 21+ fantastic business ideas that take less than INR 1,00,000/- to set up.

We do not live in the same space where setting up a business of any scale would cost a fortune and involve a lot of procedures. eCommerce has made it easy for people to set up their own business easily and at lower investment too.

If you have closed in on a business idea and arranged for all the basic requirements to start the business, all you need to do is to set up your online store on an eCommerce platform. If you need some help there, here are the best eCommerce platforms compared and rated for you.

If you have chosen to start your online store on Dukaan, you have made the right decision!

Starting your store on Dukaan is an easy walk-in-the-park task. If you have a phone number and a name for your business, you can add your products, launch your store online and actually start accepting orders within minutes.

Once you have set up your online store on Dukaan, you can use the marketing tools and to market your business across multiple platforms and start bringing in traffic to your store.

It is as easy as that, and if you do not trust me, you can watch this video and learn all about starting your own online store quickly and easily.

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23+ Business Ideas Under 1 Lakh in India (2024)

• Atishara Shrivastava
• June 2, 2024

Home » Blogs » 23+ Business Ideas Under 1 Lakh in India (2024)

The spirit of entrepreneurship is burning bright in India!  With a young and ambitious population, there’s a growing interest in starting businesses, especially those that require a low initial investment.  If you’re looking to be your own boss and enjoy the flexibility of running your own venture, this blog is for you!  Here, we’ll explore 25 exciting business ideas that can be launched in India with an investment of under 1 lakh (₹1,00,000). But before we look at the ideas, let us understand some of the key factors you should consider before starting your business.

5 Factors To Consider Before Starting Business Under 1 Lakh:

Before starting a business, consider these key factors to enhance success potential in your business in 2024:

1. Market Research: Conduct in-depth research to understand market trends, consumer needs, and competition. Identify emerging sectors and unmet needs that match your abilities.

2. Feasibility Analysis: Assess the practicality of your business idea , considering investment needs, resources, scalability, and market competition. Use SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) to evaluate the venture’s prospects.

3. Target Audience: Define your target market and comprehend their preferences and challenges. Tailor your offerings to address their specific needs, gathering feedback to fine-tune your product or service.

4. Agility: Remain flexible and adaptable to respond to market changes and evolving consumer preferences. Be ready to adjust your strategy to stay relevant and competitive.

5. Ongoing Development: Continually enhance your knowledge and network. Participate in industry events and connect with peers for insights and collaboration, keeping abreast of trends and best practices.

Also, Read: How to Get a 10 Lakh Business Loan?

25 Business Ideas Under 1 Lakh in India 2024

Home & decor business ideas.

1. Handmade Candles: Starting a handmade candle business involves crafting candles from materials like natural waxes, essential oils for fragrance, and various dyes for color. The process includes melting the wax, incorporating fragrances and colors, and setting them in molds. These candles are sought after for their aesthetic appeal and personalization options, which are ideal for gifts and home décor. Marketing efforts can focus on online platforms, local boutiques, and craft fairs, emphasizing the unique qualities and handmade nature of the candles.

2. Incense Sticks (Agarbatti): Producing incense sticks involves blending natural ingredients like herbs, resins, and essential oils onto bamboo sticks. This business caters to individuals seeking to enhance their home environment or spiritual practices. The key to success is creating a variety of fragrances that appeal to different preferences and effectively packaging them to retain freshness. Sales channels can include spiritual shops, online marketplaces, and wellness centers.

3. Jute Bags: Jute bag manufacturing focuses on producing eco-friendly bags from durable, biodegradable jute fiber. These bags can be styled for multiple uses, including shopping, fashion, and storage, and they appeal to environmentally conscious consumers. The business requires minimal setup but a good eye for design and functionality. Marketing these bags through eco-stores, online platforms, and local markets can tap into the growing demand for sustainable products.

4. Organic Soap: Organic soap making involves using natural ingredients like plant oils, butters, and botanical extracts. This business appeals to consumers interested in chemical-free and skin-friendly products. Techniques like cold process or melt and pour soap making can be used to create bars with various textures and properties. Marketing these soaps through organic health stores, online, or at craft fairs can target customers looking for premium, natural skincare.

5. Upcycled Furniture: Upcycling furniture involves refurbishing old or discarded furniture into stylish, functional pieces. This requires skills in restoration and creative design to transform unwanted items into desirable home décor. Selling points include the uniqueness of each piece and the environmental benefits of upcycling. Marketing through social media, local interior design shops, and flea markets can attract customers looking for one-of-a-kind furniture.

Food & Beverages Business Ideas

6. Pickles: Making and selling pickles involves preserving fruits and vegetables in brine or vinegar with spices. This business can capitalize on regional preferences by offering a variety of traditional and innovative flavors. The key is maintaining high-quality production with attention to taste and hygiene. Pickles can be marketed through local grocery stores, online food platforms, and regional markets, appealing to customers looking for authentic, homemade flavors.

7. Bakery Products: A small bakery business focuses on producing fresh, homemade baked goods like bread, cookies, and cakes. Success depends on the quality of ingredients and the distinctiveness of products. Local cafes, farmers’ markets, and online orders are effective sales channels. Offering custom baking services for events and special occasions can also attract a loyal customer base.

8. Ice Cream Cones: Producing ice cream cones involves creating cones from dough that is then baked into crisp, sweet holders for ice cream. This business can be linked with local ice cream shops or sold at community events and fairs. Innovations in flavors and cone types can offer a competitive edge.

9. Spice Mixes & Blends: This business involves creating unique blends of spices for cooking various dishes. Success hinges on the ability to develop distinctive, flavorful combinations that cater to diverse culinary traditions. Packaging and branding are crucial to stand out in grocery stores or online marketplaces where gourmet cooks and enthusiasts seek quality spices.

10. Homemade Chocolates/Desserts: Specializing in luxury chocolates or desserts involves using high-quality ingredients and intricate techniques to create exceptional treats. These products are perfect for special occasions and can be sold in high-end gift shops or through online platforms that cater to gourmet buyers.

Fashion & Accessories: 

11. Buttons and Designer Lace: This niche targets the fashion and crafting industry by providing unique buttons and designer laces that add a distinct touch to clothing and textile projects. For entrepreneurs in this field, success hinges on the ability to source and curate a diverse array of high-quality materials that cater to varying tastes and design needs of fashion designers, tailors, and DIY enthusiasts. By offering a wide selection of unique and decorative buttons and laces, a business can set itself apart in a competitive market. To broaden their customer base and boost sales, entrepreneurs can leverage online platforms to reach a global audience and form strategic partnerships with fabric stores and design schools. These collaborations can help ensure a steady demand and provide visibility among core customers who value creativity and customization in their fabric projects.

12. Fashion Jewelry Making: Engaging in fashion jewelry making allows creators to design and craft trendy accessories using a variety of materials like beads, semi-precious stones, and metals. This business thrives on the ability to keep up with fashion trends and understand consumer preferences, offering custom jewelry designs that appeal to a diverse clientele. The key to success in this market is differentiation through unique products and personalization options that cater to individual style statements. Entrepreneurs can market their jewelry through online marketplaces that provide access to a broad customer base and through local boutiques that offer the advantage of reaching customers who prefer to see and try on jewelry in person. Establishing a strong brand presence online and offline with high-quality visuals and engaging marketing can attract and retain customers.

13. Customized Phone Covers: In the customized phone cover business, entrepreneurs can tap into the market of smartphone users looking for unique, personalized phone cases that reflect their personal style or interests. This business model benefits from using digital tools that allow customers to design their own covers or select from a range of pre-designed, fashionable options. The key to attracting and maintaining a customer base is offering high-quality prints and durable cover materials that protect phones while also being stylish. Effective marketing strategies include leveraging social media platforms to showcase designs and creating partnerships with device retailers to reach a wider audience. An online store can serve as a primary sales channel, providing a user-friendly interface where customers can easily customize and order their phone covers.

14. Cloth or Jute Bag Making: Making cloth or jute bags meets the growing consumer demand for sustainable and fashionable alternatives to plastic bags. This business can focus on creating designs that are not only eco-friendly but also stylish and functional, appealing to a broad market segment including eco-conscious shoppers and fashion-forward consumers. Success in this area depends on the ability to offer a variety of designs, from simple and utilitarian to sophisticated and trendy, ensuring there is a bag to match every taste and purpose. Selling these bags in local markets, through online stores, and at eco-centric events can help reach a wide audience. Additionally, partnering with local businesses and organizations for customized bag solutions can provide steady business and enhance brand visibility.

15. T-shirt Printing: The custom T-shirt printing business caters to customers looking for personalized clothing for events, promotions, or personal wear. Using techniques like screen printing and digital printing, entrepreneurs can offer high-quality, customized T-shirts with various designs and messages. This service is particularly popular for groups, events, and companies looking for promotional items that make an impact. Establishing a robust online presence where customers can design and order their T-shirts is crucial. Additionally, participating in local events and markets can raise the business’s profile and attract a diverse clientele. Effective use of social media marketing to showcase designs and share customer testimonials can also drive engagement and sales.

16. Home Tutoring: Home tutoring taps into the personalized education sector, where there’s a significant demand for tailored learning experiences. This business is ideal for individuals with expertise in specific academic subjects who can cater to students of various ages, from young children to college students. Tutors can differentiate their services by offering specialized knowledge in areas like mathematics, science, language arts, or test preparation. Key to success is the tutor’s ability to adapt lessons to individual learning styles and needs, thus enhancing student understanding and performance. Marketing strategies might include word-of-mouth referrals, local advertising, and maintaining a strong online presence through a professional website and social media. Engaging with local schools and community centers can also help build a client base.

17. Event Management (Small-Scale): Small-scale event management focuses on planning and executing intimate gatherings such as birthday parties, baby showers, and small weddings. This business requires excellent organizational skills, creativity, and a keen eye for details to ensure every aspect of the event is handled from concept to cleanup. Success in this field comes from the ability to create memorable, stress-free experiences for clients. Building a portfolio of successful events and testimonials can attract new customers. Networking with local vendors—like caterers, decorators, and photographers—and leveraging social media for visual marketing can significantly enhance business visibility and growth.

18. Social Media Marketing: As digital platforms become increasingly integral to marketing strategies, there’s a growing need for skilled social media managers. This business involves managing a company’s interactions with the public through social networks by creating content, running ads, and engaging with followers. The goal is to increase visibility, enhance brand loyalty, and drive sales. Successful social media marketing requires staying up-to-date with digital trends and platform changes. Offering services like targeted advertising, content planning, and analytics can appeal to businesses looking to refine their online presence. Building a strong portfolio and using case studies can help in attracting a diverse range of clients.

19. Freelancing (Writing, Graphic Design): Freelancing in writing and graphic design allows individuals to offer their creative services on a global scale through platforms such as Upwork, Freelancer, and Fiverr. This career choice offers flexibility and the opportunity to work on a wide variety of projects across different industries. Writers can produce content like articles, blog posts, and ebooks, while graphic designers can create visual content such as logos, branding materials, and website designs. Success as a freelancer depends on building a strong reputation through quality work and positive client feedback, as well as effective self-promotion and networking to continuously attract new projects.

20. Web Development/Maintenance: Offering web development or maintenance services caters to small businesses needing professional websites without the in-house technical expertise to create or manage them. This business can range from building simple websites to providing ongoing support for more complex online platforms. Skills required include proficiency in web languages like HTML, CSS, JavaScript, and familiarity with content management systems. The service can expand to include SEO optimization and security updates, which are crucial for keeping websites functional and safe. Effective marketing strategies involve showcasing a portfolio of created websites, networking through business events, and leveraging online platforms to reach potential clients looking for web solutions.

Ideas Beyond The Usual

21. Mobile Phone Repair: The mobile phone repair business capitalizes on the ubiquitous use of smartphones and the frequent need for repairs. This business requires an initial investment in tools and equipment necessary for tasks like screen replacement, battery changes, and other common hardware issues. Additionally, acquiring training and certifications in mobile technology repairs can enhance credibility and expertise, making the service more attractive to customers. Effective marketing strategies include offering speedy repairs, competitive pricing, and exceptional customer service. Setting up a physical repair shop in a high-traffic area or offering mail-in services can help increase customer reach. Additionally, maintaining a presence on social media and online local business directories can drive more traffic to the service.

22. Gift Basket Curation: Gift basket curation involves creating attractive, themed baskets filled with various items tailored for specific occasions such as holidays, birthdays, or corporate events. Success in this business hinges on the ability to design aesthetically pleasing and context-appropriate baskets using quality products. Partnering with local businesses to source unique items can add a special touch to the baskets and support the local economy. Effective marketing strategies include creating a robust online presence, utilizing social media to showcase beautiful basket designs, and engaging with corporate clients for bulk orders. Offering customizable options and reliable delivery services can also enhance customer satisfaction and retention.

23. Plant Nursery (Focus on Low-Maintenance): Starting a plant nursery focusing on low-maintenance indoor plants caters to the growing trend of home gardening, especially among those with busy lifestyles or limited gardening space. This business would involve cultivating a variety of durable and easy-to-care-for plants that thrive indoors. Educating customers on plant care and offering a range of plants suited for different indoor environments can set a nursery apart. Marketing efforts could focus on social media, local garden shows, and collaborations with interior designers to reach a wider audience. Additionally, offering online sales and delivery services can expand the customer base beyond local geographic limits.

24. Toy Making (Wooden/Fabric): Creating toys from natural materials like wood or fabric serves a market of parents and educators looking for safe, sustainable, and educational play options for children. This business requires craftsmanship in designing and making durable and non-toxic toys. Success depends on adhering to safety standards and creating engaging, educational toys that appeal to children and their parents. Selling these toys through online platforms, local craft markets, or in specialty children’s stores can effectively reach the target audience. Additionally, engaging with the local community through workshops or toy-making classes can build brand loyalty and awareness.

25. Pet Care Services (Walking, Grooming): Providing pet care services such as walking, grooming, and sitting caters to pet owners who need help managing their pets’ daily needs due to busy schedules. This business demands reliability, a love for animals, and skills in handling different pet behaviors. Offering flexible scheduling, competitive pricing, and additional services like pet taxi or veterinary visit assistance can attract a broader client base. Marketing strategies should focus on building trust through client testimonials, creating an informative and user-friendly website, and engaging with pet owners through social media platforms and local pet events. Building partnerships with local veterinarians and pet stores can also provide referral opportunities and increase visibility.

If you are someone with a budget exceeding 1 lakh yet below 5 lakhs, the following are 25 lucrative business opportunities available for investment in India: 25 Business Ideas Under 5 Lakh Investment In India. 

This blog provides a glimpse into the exciting world of business ventures you can launch with a limited investment. Remember,  success requires thorough market research, a well-defined plan, and a commitment to continuous learning.  Most importantly, take the first step towards your entrepreneurial dream and watch your business idea blossom!

If you want a personal loan to start your dream business, simply apply through Credmudra!

Like what you read? Share your thoughts and business ideas in the comments below! We’d love to hear from you.

Also, Read: How to Get A Business Loan? Step-By-Step Guide For Budding Entrepreneurs

1. What Are the Upcoming Trends in Business Ideas?

The upcoming trends in business ideas can be:

• Online coaching and course offerings
• Sale of custom-printed merchandise
• Influencer marketing, particularly on Instagram
• YouTube vlog creation
• Affiliate marketing programs

2. What is the Best Business for A Complete Beginner to Start?

For beginners, starting a service-based business is often the most straightforward and easy approach.

3. What Small Businesses Can be Initiated in India with A Budget of Rs. 10,000?

With an investment of Rs. 10,000, you can start small businesses in India such as:

• Custom product workshops
• Food trucks or stalls
• Homemade chocolate and baked goods production
• Coaching or tuition classes

Also, Read:  How to Get a Business Loan on Low Credit Score?

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7 Profitable Business Ideas under 1 Lakh in India

Surabhi Guleria

• May 11, 2023

Wondering what are the best business ideas under 1 lakh that you can start? Let us read the article to know about it.

Starting a business is a dream for many, but the high cost of setting up and running a business can often be a barrier. However, it is possible to start a successful business with a budget of just 1 lakh. There are various low-investment business ideas that can be started with this budget and can provide a good return on investment. In this blog, we will discuss 7 profitable business ideas that can be started under 1 lakh in India.

Reasons Why To Start A Business Under 1 Lakh In India

There are several reasons why starting a business under 1 lakh in India can be a great opportunity:

• Low start-up cost : One of the main advantages of starting a business with a budget of 1 lakh is that the start-up cost is relatively low, making it easier for first-time entrepreneurs and those with limited financial resources to start a business.
• Flexibility : Many of the business ideas that can be started under 1 lakh in India offer a great deal of flexibility, allowing entrepreneurs to work from home and set their own schedules.
• High demand : Many of the businesses that can be started under 1 lakh in India are in high demand, including online tutoring, home-based bakery, and pet care services, to name a few.
• Room for growth : These businesses have the potential for growth and expansion in the future, as demand for their services continues to grow.
• Government support : The government of India provides various resources and support systems for small businesses, including funding programs, business incubators, and support from local business organizations.
• Potential for profitability : With careful planning, effective marketing, and cost management, these businesses have the potential to be highly profitable.

Starting a business under 1 lakh in India is a great opportunity for those looking to turn their passion into a profitable venture, and for those who want to be their own boss and have the freedom and flexibility to work on their own terms.

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Profitable Business Ideas Under 1 Lakh

Let us look at some of the best business ideas under 1 lakh that can be started in India in detail.

Food Delivery Business

With the rise in food delivery services, starting a food delivery business can be a profitable option. You can start by partnering with local restaurants and delivering food to customers in your area.

The total cost of starting a food delivery business, including purchasing a vehicle and the cost of setting up a website, can be around 50,000 to 1 lakh.

Home-Based Bakery

The second one on the list of business ideas under 1 lakh is a home-based bakery. If you have a passion for baking, starting a home-based bakery can be a lucrative option. You can start by baking and selling cakes, cookies, and other baked goods from your home. The cost of starting a home-based bakery, including ingredients and equipment, can be around 50,000 to 1 lakh.

Event Planning

Event planning is a profitable business idea that can be started with a budget of 1 lakh. You can start by planning and organizing small events like birthday parties, anniversaries, and corporate events. The cost of starting an event planning business, including marketing and advertising, can be around 50,000 to 1 lakh.

Online Tutoring

This list of business ideas under 1 lakh is incomplete without this. Online tutoring is another business idea that can be started with a budget of 1 lakh.

You can start by offering tutoring services in subjects you are knowledgeable in. The cost of starting an online tutoring business, including marketing and setting up a website, can be around 50,000 to 1 lakh.

Personal Fitness Trainer

If you are passionate about fitness, starting a personal fitness trainer business can be a profitable option. You can start by offering personal training services to clients in your area. The cost of starting a personal fitness trainer business, including equipment and marketing, can be around 50,000 to 1 lakh.

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Home cleaning services.

Home cleaning services are a business idea that is in high demand and can be started with a budget of 1 lakh. You can start by offering cleaning services to homes in your area. The cost of starting a home cleaning business, including equipment and marketing, can be around 50,000 to 1 lakh.

Pet Care Services

The last one on the list of business ideas under 1 lakh is related to our furry best friends. Pet care services is another business idea that can be started with a budget of 1 lakh. You can start by offering pet care services like pet grooming, pet sitting, and pet walking. The cost of starting a pet care business, including equipment and marketing, can be around 50,000 to 1 lakh.

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How can lio help with your business ideas under 1 lakh.

To make your dreams come true of having a business of your own and managing it nicely, Lio App can help you big time. The app lets you keep all sorts of data together in a more organized manner. You can keep records, and create tables and lists while working solo or with a team.

Maximize Your Online Business Potential for just ₹79/month on Lio. Annual plans start at just ₹799 .

The many features of Lio would help you with your retail business as you would be able to maintain all data on a track that you can use at any time. If you want to upload a document, then you can do that. Know the money transactions, cash inflow, profit and loss you are making, Udhaar, list of product s, services, and even the teammates and clients that you have all in one place. 

Your retail business ideas will certainly become successful businesses if you go on this journey of managing your business with Lio.

Step 1: Select the Language you want to work on. Lio on Android

Step 2: Create your account using your Phone Number or Email Id.

Verify the OTP and you are good to go.

Step 3 : Select a template in which you want to add your data.

Add your Data with our Free Cloud Storage.

Step 4: All Done? Share and Collaborate with your contacts.

In conclusion, starting a business with a budget of 1 lakh in India is a feasible and achievable goal. With careful planning and research, it is possible to start a successful business that can grow and expand in the future.

There are several business ideas that can be started with a budget of 1 lakh, including a home-based bakery, online tutoring, and pet care services, to name a few. It is important to consider market demand, competition, and legal requirements when starting a business, and to take advantage of available resources and support systems.

Whether you are a first-time entrepreneur or looking to start a new venture, starting a business under 1 lakh in India can be a great opportunity to turn your passion into a profitable venture.

Frequently Asked Questions (FAQs)

Are there any legal requirements to start these businesses in india.

Yes, there are various legal requirements that need to be fulfilled when starting a business in India. This includes obtaining necessary licenses and permits, registering the business, and adhering to local regulations and laws. It is important to research and understands the legal requirements in your area before starting a business.

Is it possible to expand these businesses in the future?

Yes, it is possible to expand these businesses in the future. The success and growth potential of these businesses depend on various factors such as market demand, competition, and effective management.

Can I start these businesses from home?

Yes, many of the business ideas discussed in this blog can be started from home, including home-based bakery, online tutoring, and pet care services.

What kind of support and resources are available for businesses started under 1 lakh in India?

There are various resources and support systems available for businesses started under 1 lakh in India. This includes government grants and funding programs, business incubators, and support from local business organizations.

How much can I expect to earn from these businesses?

The earning potential of these businesses depends on several factors the size of the business, location, marketing efforts, and competition. On average, these businesses can provide a good return on investment, with the potential to earn a profit of 2 to 5 lakhs per year.

Characteristics of a Successful Entrepreneur: What Makes Them Stand Out?

6 Steps – How to Start a Real Estate Business in India

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Top 15 Business ideas Under ₹1 lakh in 2024

Here are some business ideas with a 100% success rate that can be started with ₹1 lakh, or less, in 2024 in India. Read the blog to know more.

Table of Contents

No matter if the economy is sluggish, inflation is high, or a recession is underway, you might be seeking ways to earn some extra money. You may be surprised to find that some of the best businesses to start with minimal investment are easier to launch than you think. For under ₹1 lakh, you could establish a side hustle to help cover additional expenses or rising costs. Here are some business ideas that can be started with ₹1 lakh, or less, in 2024 in India. 

Business Under 1 Lakh in 2024

Cafe entrepreneurship.

Embark on the journey of opening your café if you’re passionate about crafting delightful tea or coffee. Launching with a focus on quality and some delectable savories can keep initial expenses in check. Opting for a self-service model initially can further mitigate fixed costs, allowing you to shape your dream café on a budget.

Tailoring Venture Business

Initiating a tailoring business presents a lucrative opportunity with minimal investment. All you need are a couple of skilled tailors and sewing machines to commence operations. As demand grows, consider expanding operations and even bringing in a designer. The market for specialized clothing is vast, making this a highly profitable small business idea with a low initial investment.

Mobile Food Business

Rather than diving into the expenses of opening a restaurant, consider the simplicity and profitability of a business under 1 lakh which is a food truck business. With an initial investment of less than a lakh, you can start your mobile food venture. Key costs involve permits, licenses, manpower, the food truck itself, and raw materials. It’s an accessible and lucrative option in the Indian subcontinent.

Laundry Services

Offering laundry services in an underserved area can lead to a break even within the first three months. which also comes under the business under 1 lakh category, Enhance your appeal by providing home collection and delivery services. In a busy world, people seek to minimize household tasks, making laundry services an excellent small business ideas with a modest investment of ₹ 1 Lakh.

Newspaper and Magazine Distribution

While distributing newspapers might seem low-earning, the commission can be substantial, ranging from 30% to 40% of the paper’s cost. Consider this as a part-time business, and affiliating with other magazines or distributing pamphlets can further boost revenue.

Food Catering Business

Catering from home or renting a kitchen elsewhere, along with leveraging food delivery apps like Zomato and Swiggy, offers a low-cost entry into the food business. Managing party orders with a small team and basic marketing can make this a top business idea for those with a passion for food.

Tiffin Services

With the rise of the corporate culture, a reliable tiffin service can cater to those seeking daily home-cooked meals. Basic kitchen facilities, disposables, delivery personnel, and effective marketing are the essentials for this promising business.

Florist Business

A florist shop, procuring flowers directly from wholesalers or farmers, offers a hassle-free venture with a good profit margin. The investment covers shop rental, bouquet designers, and raw material expenses.

Electronic Repair Shop Business

In an era dominated by technological gadgets, an electronic repair shop can thrive. Offering repair services and selling spare parts, along with annual maintenance contracts (AMC), can ensure a steady income. The required investment includes system software, technicians, and application software.

Real Estate Agency

Entering the real estate market as an agent can be financially rewarding. With a small rental office, earning commissions ranging from 2% to 5% on deal prices, success depends on good contacts and effective communication with both buyers and sellers.

Bookkeeping Service

Technically, only a high school diploma is needed to become a bookkeeper, making this small business idea accessible to anyone. You can take courses at a local community college or find online classes to learn bookkeeping skills and earn a certificate. 

Securing contract work as a bookkeeper requires some effort in marketing yourself on platforms like Upwork, social media, or even traditional methods such as placing an ad in your local newspaper. You can generally charge around INR 196 per hour, depending on your location and experience. Requirements: Accounting software, limited liability company (LLC) business license, professional liability insurance, professional website.

Consulting Business

Similar to a tutor, a consultant is an expert in their field. The key difference is that consultants are typically hired by professionals or businesses for guidance. Consultants usually have a college degree and substantial experience, or equivalent practical experience.

Networking is essential for securing contracts as a consultant. Utilise professional social media platforms like LinkedIn, attend local networking events and maintain connections with former colleagues. Ensure your website is up-to-date with contact information for your consulting business.  

Online Store

Many individuals launch an online store with just one product. You don’t necessarily require technical skills or specialized training to succeed as an online seller, but having some marketing and sales experience is beneficial. Initially, you’ll need to select products to sell, choose a compelling business name, and establish a website.

Securing a domain name, building a website, and promoting your products are essential steps. While it can be one of the more complex businesses to start, a successful online store has the potential to replace a full-time job. However, keep in mind that running an online store entails ongoing expenses, including website maintenance, digital advertising, email marketing, and transaction fees.

Graphic Design Services

If you possess digital artistic skills, starting a graphic design business from home is viable. Acquiring clients can be achieved through platforms like Fiverr or Upwork, or by networking and word of mouth via social media or professional business cards.

Alongside graphic design software such as Adobe Photoshop or Canva, establishing a portfolio website is crucial to showcase your design prowess. Whether opting for a personal or business website, affordability is manageable with top website builders offering the necessary features. Graphic design services can earn approximately ₹102 per hour.

Homemade Chocolates/Desserts

Focusing on luxury chocolates or desserts entails utilizing premium ingredients and intricate methods to craft exceptional delicacies. These items are ideal for special events and can be marketed through upscale gift shops or gourmet-oriented online platforms.

T-shirt Printing

The custom T-shirt printing industry serves clients seeking personalized apparel for events, promotions, or everyday use. Employing methods such as screen printing and digital printing allows entrepreneurs to deliver premium, personalized T-shirts featuring diverse designs and messages. This service is especially favored among groups, events, and businesses seeking impactful promotional items. Building a strong online platform for customers to create and purchase their custom T-shirts is essential. 

Additionally, participating in local events and markets can enhance visibility and attract a broad customer base. Utilizing social media effectively to showcase designs and highlight customer testimonials can also boost engagement and sales.

Customized Phone Covers

In the personalized phone cover industry, entrepreneurs can target smartphone users seeking distinctive, customized cases that mirror their style or interests. This business model thrives on digital tools that enable customers to design their covers or choose from a selection of fashionable pre-designed options. Success hinges on providing durable cover materials and high-quality prints that offer both style and phone protection. Effective marketing involves utilizing social media to highlight designs and forging partnerships with device retailers to expand reach. An online store serves as a central sales platform, offering a seamless interface for customers to customize and purchase their desired phone covers.

  Handmade Candles

Launching a handmade candle enterprise entails creating candles using natural waxes, essential oils for scent, and a variety of dyes for coloring. The process involves melting wax, blending in fragrances and colors, and setting them in molds. These candles are prized for their visual appeal and customization possibilities, making them perfect for gifts and enhancing home decor. Marketing strategies can target online platforms, local boutiques, and craft fairs, highlighting the candles’ unique characteristics and handmade craftsmanship.

Conclusion on Business Under ₹1 Lakh

Business Under ₹1 Lakh in 2024 – It is undoubtedly not an easy task to start a business. Hence, if you are looking for business ideas and execution ,  you have this blog handy. Also, if you need any legal help related to starting a business in India, the team at  Vakilsearch   can be of great help here! 

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15 best Business Ideas under 1 lakh Rupees Investment

Introduction: 

Choosing a good manufacturing business idea with less than 1 lakh in 2022 is the main key to acquiring success in your small business. There is no better moment than now if your business idea only requires a small investment. Several business ventures may be launched with one lakh and have a worldwide success rate of 100%. Here are 15 business ideas with a success record of 100% and a startup cost of less than one lakh rupees.

Table of Contents

Are you seeking low-cost business ideas in India? Do you want to launch your own company with less money? So you should look over this article. Well then, this blog will open your eyes and blow your mind.

Importance of having a business idea:

No work can become successful without an idea that was a kick-start for your work. Just like that, No business has become real in this world without having a business idea in the initial stages. 

Having a business idea will prepare you mentally as well as materially to set up all ready for your business to take off. It is like how you will prepare yourself mentally and physically ready before you go for any competitions. 

It will help you to pitch your business idea as a proposal to the stakeholders, and customers as well as to the ones who are going to assist you financially.

Business ideas under 1 lakh:

Handmade candles:.

The candle-making business is booming. According to a survey by Vantage Market Research . The worldwide candle sector generated $6.8 billion in revenue alone in 2017 and is currently on target to earn $9.9 billion in yearly sales by 2028.

One of the best business ideas that are constantly in demand and a very well-liked business option for those looking to launch with little startup capital is candle-making. 

Candles are very much in demand for a variety of reasons, including traditional, religious, and decorative ones. This is especially true during festivals. A candle-making business can be started with as little as Rs 20,000 – Rs 30,000 and in small places, such as your home. You only need some basic supplies and equipment to get started.

Become a florist:

A skill-based enterprise that is simple to launch and manage. Being a florist is an enjoyment for the heart and the wallet because that profit margin is high.

A florist shop sells flower arrangements, plants, and even gifts. It is one of the few retail stores that you can also open in your home. It will not require a heavy capital investment, to begin with.

There is a wide scope of floral business in India due to the rising demand for flowers. But starting and operating a profitable florist shop is tough. And many people are not fully prepared for that reality. It’s entirely up to you how artistically you arrange them.

Start a baking business:

A small business idea that developed during the lockdown was baking. 

If you are an excellent baker, you may start by taking small orders for bread, pound cakes, cookies, brownies, etc.

You can accept requests to bake cakes for events and parties as your business expands. The only high upfront cost to start this business would be a helpful oven and baking ingredients.

An important one creates your plan and lets us help you launch your business on OrderZ.in to double your profits.

Food truck business:

A food truck is a large vehicle with a kitchen to make and serve food. They are popping up worldwide and becoming increasingly popular. Many entrepreneurs opt for a food truck because purchasing a restaurant location is very expensive, while food trucks are much more affordable.

Every owner of a food truck should prepare and keep an updated business plan. When you decide to launch a food truck business, this should be the first step you do. This document is crucial to attracting new investors and starting your business. Our website OrderZ can help you create your online store.

Start a juice shop:

People enjoy juices in all types of weather because they are always refreshing. While they are more hydrating in the summer, they also offer sufficient levels of vitamins and minerals that can strengthen immunity in the winter. Juice-related businesses can be very interesting to launch. With this startup, you gain lots of benefits. The setup has a very low investment.

Considering that the only raw material is fresh fruit, opening a juice shop can be very successful. Purchase some high-quality blenders, sweeteners, and juice glasses.

Juice delivery services are another choice, but in that case, you’ll need to buy disposable, spill-proof containers for the juice.

Disposable plates and cups

A disposable plates and cups business involves manufacturing plates that were made out of paper for serving food. They were considered an economical alternative to plastic plates.

Without disposable food-grade plates and cups, there can be no events, picnics, weddings, etc. They are frequently used by hawkers and street sellers. Disposable food-grade plates and cups have a growing market due to their low cost and increasing demand. They are often the first choice and require an investment of just Rs.50,000 to start this business. A lot of the money will go toward buying machines for the manufacture of disposable plates. 

The one factor for making a successful disposable food-grade plates and cups business depends on how well you are marketing them. To be frank, without marketing you cannot expect good profit. OrderZ.in is the best choice to build your business platform. 

You need to supply your disposable food-grade plates and cups to a large network of shops, canteens, hotels, and other events to expect a good return on investment. 

Tailoring business:

Tailoring and sewing have been traditionally popular business ideas for women. It is an essential service. However, profit from tailoring is highly dependent on many factors, especially brand quality.

If we have some handicrafts, we will be useful in any town we go to.

Tailoring does not require a separate space. You can do this business from your home.

Diwali, Christmas, Ramzan, and many more special days can earn better than normal days. If you do a tailoring business you will not lose any time. Those who know sewing, start a sewing business. Those who don’t know how to tailor, learn to tailor and start a business and progress in life.

Making pickles is another traditional business concept that is very well-liked in India. Therefore, a pickle business is a simple and secure solution if you wish to launch with little capital. Indian pickles are in considerable demand outside of just the domestic Indian market. An initial investment of Rs.20,000 is sufficient to launch the firm, and with your creative ideas, you can grow it significantly in the future.

Pickle or achar business, there is a huge market for it and you can kick start the business with minimum expenses. You can start the business from your home, or you can arrange for a dedicated manufacturing unit.

You need to build a website and create a social media account to increase your reach. If you are doing something worldwide. You need to build a website and create an e-commerce store to increase your reach. If you are doing an online sale, then use OrderZ.in will suffice.  

Organic soap:

Products that are made of natural ingredients are referred to as organic soap.

This market for organic soap was worth a staggering $222.3 million in the year 2018 and contributed to. Because soap is made using an organic process, it benefits the skin and helps to create a healthy environment. Soap also gives skin the benefits of natural ingredients, oils, and fragrances.

Also, the large availability of natural ingredients required in organic soap like saffron, green tea, neem, etc. 

Many consumers shop and seek information online, even if they eventually buy products in person. If you want to succeed in the soap-making business, be prepared to market your products online. OrderZ.in creates your online store and also promotes your product.

Handmade chocolate:

Chocolate is made from cocoa beans, turning into a tasty treat to satisfy our taste buds.

India is at the top of the consumption list. According to Mintel, between 2015 and 2016, the sale of chocolate confections in retail markets increased by 13% in India. To buy the raw materials and packaging supplies, an approximate investment of Rs.40,000 – Rs.50,000 is required. However, if you want to start it bigger, the price may increase almost to Rs.2 – Rs. 3 lahks.

To make noodles, wheat flour, spices, salt, starch, sugar, vegetable oils and other basic ingredients are required. There are fully automatic and semi-automatic noodle makers in the market.

Making noodles is not a difficult process and there is always a steady need for noodles. Since the noodles are cut into other shapes and sizes, the way the noodles are prepared can be varied to appeal to buyers.

A low capacity noodle maker costs around Rs. 40,000, while the higher-priced models cost around Rs. 1.5 lakh.

Tempered glass for smartphones:

While the global smartphone need is small, India’s smartphone need is growing. International Data Corporation (IDC) counts that 32 million units were shipped to the Indian market in 2019.

Tempered glass is one of the many smartphone accessories in high need; It is manufactured using high temperature tools and must pass tests including breaking, hardness and dimensional tests.

The cost of setting up a tempered glass manufacturing firm is about Rs. 75,000 and the higher total Rs.1.5 lakh. Tempered glass is one of the basic parts for smartphones.

Ice Cream Cone

Ice cream is a favourite of all ages and is now the most consumed dessert. Ice cream cone needs are growing as a result of rising ice cream consumption. 

Starting a modest ice cream cone manufacturing business is therefore the ideal course of action. Additionally, this idea may prove to be a successful business decision, and you may launch this enterprise with an investment of between Rs. 1 lakh and Rs. 1.5 lakh.

However, you can use high-capacity tools in your growing stage to run the same solid on a greater scale.

Event management services:

In these busy times, one of the growing industries is event management services. All you need to start this business is to maintain a good relationship with people who can help you in planning the event.

For example, if you have to plan a wedding, you need to have a good relationship with the chefs, decorators, DJs and other people who will help you plan everything.

By planning parties, you can pay for event handling fees, hiring photographers, catering, and decorating the event.

It is enough to start this business with a small office space and loyal contacts to manage the necessary formats for the event. That way it is easy to start this type of firm within 50 thousand to 1 lakh investment

Coconut hair oil: 

Nowadays, people are very careful when using oil and most of them prefer natural products. And when it comes to their health and form, they have no qualms about spending more on high-quality natural products.

Making coconut hair oil is a small business with a lowest initial cost of around Rs. Start with 1 lakh.

And there you go, 15 fantastic business ideas that take less than INR 1,00,000/- to set up.

Apart from the above business ventures which are started with just one lakh and have a 100% success record, the following ventures can also be started with less capital.

There are many business ideas that you can start with an investment of less than 1 lakh rupees. Here are a few ideas, along with the initial investment and potential profit:

This business is also among the finest choices for those looking to launch a business with little capital cost, and it has an excellent track record of profitability. Our e-commerce platform OrderZ will help sell your chocolates online. 15 business ideas can be set up for less than 1,00,000/-.

Conclusion:

All of these ideas might not be suitable for everyone. One needs to choose a business idea based on what they are passionate about. Whether you can spend full-time or part-time. These factors can help you to determine the best small business idea suitable for you.

E-commerce has made it easy for people to set up their businesses easily and lower investments too. If you have closed in on a business idea and arranged for all the basic requirements to start the business, all you need to do is to set up your online store on an e-commerce platform.

If you have chosen to start your online store on OrderZ , you have made the right decision!

Vahitha Yasar

Web content writer at OrderZ, excelling in blog writing, proofreading, and creating engaging web content. Her versatile skills extend to crafting impactful social media posts and effective email marketing content for a comprehensive online presence.

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Tata Capital > Blog > Loan for Business > Business Ideas Under 1 Lakh

Business ideas under 1 lakh.

Starting a business can sometimes require a hefty investment. However, with creativity, dedication, and strategic planning, you can kickstart a successful venture even with a budget of less than Rs. 1 lakh.

In this blog, we'll delve into five promising small business ideas under 1 lakh in India that fit this criteria, discussing their potential, investment requirements, market trends, and essential tips for success.

Business ideas under 1 lakh

1. freelance services.

Freelancing has become a popular avenue among skilled individuals, allowing them to offer their services globally. Whether you're a writer, graphic designer, digital marketer, programmer, or have expertise in other areas, freelancing platforms like Upwork, Fiverr, and Freelancer provide a vast marketplace to showcase your talents. The best part? You don’t need substantial capital and can easily kickstart this business idea under 1 lakh.

i. Potential: The freelance market continues to grow, with businesses and individuals seeking specialised skills on a project basis. This presents ample opportunities to secure projects across various industries.

ii. Investment: Freelancing requires minimal investment. You may need to set up a professional profile, invest in tools or software specific to your service, and look for the best business loans under 1 lakh in India to market your services initially.

iii. Market trends: Emerging trends in freelancing include remote work, gig economy platforms, and a demand for niche skills such as blockchain development, social media management, and content creation.

iv. Tips for success: Focus on building a solid portfolio, delivering high-quality work, building connections with potential clients, and continuously upgrading your skills to stay competitive in the freelance market.

2. Home-based catering

If you have a passion for cooking and culinary skills, starting a home-based catering service can be a rewarding business idea under 1 lakh. You can cater to small gatherings, events, or niche markets with specialised cuisines or healthy meal options.

i. Potential: The catering industry offers opportunities to serve various customer segments, including individuals, families, businesses, and event organisers. Providing unique menus, excellent service, and catering to dietary preferences can set you apart.

ii. Investment: Initial investment may include kitchen equipment, ingredients, packaging materials, and marketing expenses. You can start small and gradually expand with a business loan under 1 lakh as you gain clients and reputation.

iii. Market trends: Catering trends include a focus on organic, sustainable ingredients, customisable menus, themed events, and catering to diverse dietary needs, such as vegan, gluten-free, or keto-friendly options.

iv. Tips for success: While this is an excellent business idea under 1 lakh, it’s important to ensure compliance with food safety regulations, maintain high-quality standards in food preparation and presentation, offer competitive pricing, and leverage social media and word-of-mouth referrals for marketing.

3. Tutoring services

Offering tutoring services in subjects you excel in can be a fulfilling business idea under 1 lakh. You can provide academic tutoring, language classes, music lessons, art workshops, or specialised skills training to students of all ages.

i. Potential: The demand for tutoring services is steady, driven by students seeking extra support, exam preparation, language proficiency, and skill enhancement. Targeting specific niches or offering online tutoring can further expand your reach.

ii. Investment: To start this business idea under 1 lakh, you’ll need to purchase teaching materials, software for online tutoring if applicable, marketing expenses, and setting up a conducive tutoring environment. A business loan can help you finance these expenses seamlessly.

iii. Market trends: Online tutoring platforms, personalised learning programs, and demand for STEM (Science, Technology, Engineering, Mathematics) education are notable trends in the tutoring industry.

iv. Tips for success: Understand your target audience's needs, tailor your teaching approach accordingly, offer flexible scheduling options, maintain regular communication with students and parents, and seek feedback for continuous improvement.

4. Handmade crafts and artwork

Unleash your creativity by crafting handmade items such as jewellery, home decor, personalised gifts, or artwork with this small business idea in India under 1 lakh. Selling these products online through platforms like Etsy, social media channels, or local craft fairs can attract customers who appreciate unique, artisanal creations.

i. Potential: The market for handmade crafts and artwork appeals to individuals looking for one-of-a-kind items, gifts with a personal touch, and artisanal products that reflect creativity and craftsmanship.

ii. Investment: Initial investment includes raw materials, crafting tools, packaging supplies, photography equipment for product showcasing, and marketing efforts to reach potential buyers.

iii. Market trends: Sustainable, eco-friendly crafts, personalised and customisable products, collaborations with influencers or niche markets, and leveraging social media for brand visibility are key trends in the handmade crafts industry.

iv Tips for success: Focus on quality, design innovation, and the storytelling behind your creations. Engage with your audience through social media. Participate in craft exhibitions or markets and offer excellent customer service to build loyalty.

5. Pet services

Starting a pet-focused business can be highly rewarding with the increasing pet ownership and the growing demand for pet care services. You can offer pet grooming, pet sitting, dog walking, training, and pet products in this business idea under 1 lakh.

i. Potential: The pet industry is booming, with pet owners ready to invest in the well-being and care of their furry companions. Providing reliable and quality pet services can attract a loyal customer base.

ii. Investment: Initial investment may require a business loan under 1 lakh for grooming tools and supplies, pet care products, marketing expenses to reach pet owners, and possibly renting space if you offer grooming services.

iii. Market trends: Trends in the pet industry include organic and natural pet products, personalised pet services, mobile grooming services for convenience, and specialised training programs for pets.

iv. Tips for success: Focus on building trust with pet owners, ensuring a safe and hygienic environment for pets, staying updated with pet care trends and techniques, offering competitive pricing, and leveraging social media to showcase your services.

Bonus business ideas

Interested in expanding your choices? Here are some more business ideas under 1 lakh you can consider:

1. Virtual assistant services: Providing vital digital support to businesses through tasks like scheduling, email management, and customer support can be an excellent business idea under 1 lakh.

2. Home-based beauty services: In this business idea under 1 lakh, you can offer personalised beauty experiences at clients' convenience, including skincare, hairstyling, and spa treatments.

Final thoughts

Starting a business under 1 lakh is feasible with the right idea, strategy, and execution. Whether you choose freelancing, home-based catering, tutoring services, or crafting handmade items, each venture offers unique opportunities for growth and success. By understanding market trends, investing wisely, delivering quality, and adapting to customer needs, you can realise your entrepreneurial dreams with a business idea under 1 lakh.

When it comes to financing your business dreams or enhancing your ventures, Tata Capital has you covered. Tata Capital offers a variety of financial solutions, from small business loans to investment products, ensuring a seamless experience.

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24 Business Ideas in 2024 Small Investment only 1 Lakh

Business Ideas – Leaving a 9 to 5 job and starting your own business is a very good idea. No tension of boss.  Freedom to set your own working hours. No limit on income. These are some lucrative benefits of starting your business.

There are many young and dynamic people who are keen to start their own businesses. However, due to a lack of money knowledge, they drop the idea of starting a business.

If you are one of them, this post is for you. In this post, I will solve both of these issues. I am going to share a list of business ideas that can be started with a small investment of 1 Lakh.

For better understanding, I have classified these business ideas into the following categories.

#1 Manufacturing business with low investment

#2 Food based business ideas with low investment

#3 Product based business ideas with low investment

#4 Service based business ideas with low investment

24 Business ideas in 2024 Small investment 1 Lakh

Manufacturing business with low investment, #1 handmade candles.

Handmade candle making is one of the best business ideas. Candles usually remain in demand starting from traditional to religious to decoration purposes during festivals. Candle-making can be starting from home.

You require raw materials such as wax, perfume, and string for making candles. You can initially start with a handmade candle.  At a later stage, you can go for candle-making equipment.

#2 Incense sticks

Incense sticks are in demand in India as well as abroad. Incense sticks are used in religious activities and in meditation in many countries across the world. The incense sticks are easy to make. You will get an automatic or semi-automatic machine starting from Rs.75000. You require a small space to do manufacturing Incense sticks.

#3 Face Mask

The face mask is in huge demand and likely to remain in demand. Face masks are of multiple types such as cloth masks, surgical masks, and N95 respirators.

You can start a cloth mask and surgical mask business with a low investment of less than 1 Lakh. Surgical face masks are made using non-woven fabrics and plastic material two or three layers. You can opt for handmade face masks or purchase machinery for bulk face mask manufacturing. You will at least need a face mask machine and mask inner loop welding machine to start with.

20 Types of Business Insurance Policies

#4 Shop & Sanitizer Dispenser Manufacturing

The usage of Sanitizer is growing. Good sanitizer is required almost everywhere. Here you have two different business options. You can go for manufacturing of sanitizer or you can manufacture sanitizer dispenser.

The raw material required for making sanitizer is glycerin, alcohol, isopropyl, and chemical. You require a deep understanding of sanitizer making before starting a business. Another alternative is starting a business of sanitizer dispensers. You need to invest money in buying a sanitizer dispenser manufacturing machine. You also need a small space for starting this business.

#5 Handmade Chocolates

Chocolates are mood changer and usually remains in demand. It is easy to make chocolate at home. You require raw materials such as sugar, chocolate cream, and packaging material to make chocolate. The business of making handmade chocolate can be started with a low investment of Rs.40000 to Rs.50000. This business holds a good range of success rate and profit.

#6 Disposable plates and cups

Disposable plates and cups are used in almost every event, picnic, and function. As disposable plates and cups are inexpensive and easily available it is also used by street vendors and hawkers. This means disposal plates and cup making is an evergreen business option. You require an approximate investment of Rs.60000 to start this business.

Food-based business ideas with low investment

#7 pickles making.

Handmade pickle is first on the list of food-based business ideas with low investment. It is a traditional business option, especially for women. Pickle is famous in India as well as abroad. Pickle-making can be started from home also. There is a variety of options to make pickles. You require a small investment of Rs.25000 to start this business.

#8 Sweet and Snacks

Sweet and Snacks making are one of my favorite business ideas. You require to be an expert in making sweets and snacks. You can also recruit manpower that will help in making sweets and snacks. The investment required for starting this business is approximately Rs.50000 to Rs.75000. You require a small shop to start this business.

#9 Home-Made Nasta

Many people prefer homemade nasta (breakfast). Thus starting a homemade nasta business could be a very good business option. You can start this business from home. Investment required for this business is in the range of Rs.25000 to Rs.50000. You can keep home delivery or hire a place where you can make Nasta.

#10 Tiffin Service

Tiffin service is an evergreen business idea for food lovers. These services are generally required by paying guests and office people. If you are a good cook who can prepare healthy and tasty food in the economic range this business is for you. This business can be started from home or from a small shop. You need to invest roughly Rs.40000 to start tiffin services.

#11 Food Truck

Food Truck is next on the list of business ideas with low investment. In this business, you require an old truck or tempo which can be converted to a food truck. This idea is gradually becoming popular in India. You require a good cook for making food. You can start with snacks and fast food. Once your truck is popular you can add multiple other food products.

#12 Tea or Fruit juice kiosk

A tea stall or fruit juice kiosk is next on the list. You require to invest approximately Rs.15000 to start a tea or fruit juice kiosk. You require a suitable place preferably a nearby office area to open a tea or fruit juice kiosk. It is a very good business idea with a small investment.

Product-based business ideas with low investment

#13 computer hardware shop.

Computer hardware shop is the first product-based business idea. Computers, laptops, and peripherals are in huge demand. You can start this business from home or you can take a small shop to start this business. You need to find out customers for the computer and IT related products. The investment required for this business is 1 lakh to 1.5 Lahks.

#14 Garment business

Cloths the basic requirement of human beings has become a style statement. People prefer stylish clothes to wear. If you have the expertise you can buy cloth at a lower cost and sell it at a higher price. Garment business can be started from home or from a small shop. You can start this business from Rs.50000.

#15 Newspaper agency

A newspaper agency or newspaper distribution is a good business option due to the higher commission margin. The commission payout takes place quickly. As a newspaper agent, you need to collect newspapers from the depot early in the morning and carry out the distribution. You require distribution boys and transportation arrangements for the same.

#16 Flower shop

Opening a flower shop is one of the very good business options in India. Flowers are used for giving gifts and for religious purposes. Flowers are also used in festivals for decoration purposes.  You can either involve yourself in buying and selling flowers or you can produce flower at the farm and sell it to the customer with a higher profit margin.

Service-based business ideas with low investment

#17 business plan writing services.

Business plan writing services refer to professional services offered by experienced consultants or experts who assist entrepreneurs and business owners in creating comprehensive business plans. These services are designed to help individuals or businesses develop a well-structured and detailed roadmap for their ventures, outlining their goals, strategies, and financial projections. Here is affordable business plan writing services Penfellow that you can explore for business plan writing.

#18 Pest Control Services

Pest control services is one of the most popular service-based business ideas. In this business, you need to take an annual contract for pest control services. You need to employ manpower who will do pest control services on-site. The investment required for this business is Rs.30000 to Rs.80000.

#19 Real Estate Brokerage Services

Real estate brokerage service is a low-investment business. You require a small shop for starting this business which can be taken on rent. This business can also be started from home.  You need to help customers in buying, selling, or renting property. The earning would be a commission on the transaction.

#20 Tuition and Hobby Class

You can also start tuition or hobby class. Tuition classes or hobby classes can be started from home. You just need a blackboard and a few students to start the tuition classe. You require knowledge of various subjects for starting tuition. The alternative is starting a hobby class such as a drawing class, dance class, or music class.

#21 Job Consultant Services

Good job consultant is in huge demand. As a job consultant, you need to help candidates in finding jobs. You require good contact with various employers looking for candidates. You will get a commission from the employer as well as the job candidate.  The investment required for this business is in the range of Rs.40000 to 1 Lakh.

#22 Interior Decorator

Interior Decorator is a responsible person for reusing and beautifying space. If you have completed a civil-related course or an architecture course you can become an interior decorator. Initially, you need to work hard to find out customers. Once established you can earn a lot of money as an interior decorator.

#23 Insurance Agency

Insurance Agency is one of the best low-investment ideas with a 1 Lakh investment. In this business, you need to take an insurance agency of insurance company and sell insurance products such as general insurance, life insurance, etc. You can earn every good commission on insurance policies.

#24 MLM Network Marketing

MLM Network Marketing is one of the best small business ideas that can be started anytime with very less investment. You need to be good at networking and convincing people and marketing your product in order to make money from this business.

Over to you

I hope you find these 23 business ideas interesting. Share these business ideas with your friends and help them to start their own businesses.

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• business ideas in 2023
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20 Business Ideas in India with a Low Investment of Rs 1,00,000 (1 Lakh)

Pritam Nagrale

Updated on: 09/02/2022

For a country to prosper, its small and medium-size businesses must thrive without government support.

It is always better to become an entrepreneur rather than staying content with a regular 9 to 5 office job. Today more and more people are looking to start their own business instead of working for someone.

If you want to start a business with a tight budget, here are some excellent business ideas, you can start in India with an investment of Rs. 1 lakh.

20 Business Ideas Under Rs 1 Lakh

It doesn’t matter what educational qualification you have or whether you are currently employed or unemployed. Anyone with Rs 1 Lakh in their hand can start one of the following 20 new and latest businesses mentioned below.

You can choose any business according to your expertise in a given field.

1. Food Truck

The most accessible and profitable business to start is a food truck . In India, the Food Truck business is over $3 billion. You, too, can tap into it.

You can quickly start this business with an investment amount of Rs 1 lakh. A significant chunk of your investment will go into getting licenses and permits .

Other expenses like procuring raw material, workforce, and commercial vehicles wouldn’t cost that much. You don’t have to buy a four-wheeler as you can rent it.

As far as workforce is concerned you and 2-3 members of your family would be enough. You can tie up with a vendor for a discounted price for raw materials.

2. Food Catering Business

If you find the food truck business a bit difficult to start, you can start a food catering business. Here you prepare various dishes on order and then deliver them to customers at their doorsteps.

You don’t need a special license or permit like a Food Truck business. However, you do require a catering license.

For occasions like marriage, birthday parties, anniversaries, etc., people will order main course dishes from you, and you need to deliver them on time.

To get started, you just need a kitchen, raw materials, a few staff members, and a budget for marketing (like distributing pamphlets and sticking bills).

3. Tiffin Distribution Service

Tiffin distribution service requires a small investment compared to Food truck and catering businesses.

You just need to have

• Basic Kitchen Facilities
• Tiffin Boxes
• Serving Equipment
• Utensils and Table Cloth etc., to get started.

You don’t have to worry about the raw materials and cooking expenses because you deliver the Tiffin on others' behalf.

To get started!

• Select Your Target Area
• Register your Tiffin Business
• Get a Catering License
• Obtain Necessary Equipment

4. Tea Stall, Snack Joint and Fruit Juice Kiosk

This is a trendy business after the huge success of Yeole Amrutulya, Chai Sutta Bar, and MBA Chaiwala. I don’t think you need anything extra to know about starting a tea stall, a snack joint, or a fruit juice shop.

Three important things to get started are the following.

• Choosing a right location
• Procuring Raw material
• Renting a Space

The best part of this business is you don’t need any extra license.

5. Milk and Vegetable Distribution Business

India’s milk industry stands at around Rs 5 lakh crores a year. You, too, can get a share of this pie. You can start a milk supply business in your neighborhood and earn a decent profit.

Either you can acquire milk directly from the nearest dairy farm, or you can tie up as a dealer with a milk processing company.

You need to choose the right kind of milk to supply. Regular pasteurized packet milk can give you the best profit margins.

Then you have to find buyers. They can be local homes and various tea vendors in your area.

You will require the following things.

• Acquiring a Business Permit
• Delivery Vehicle – For starting, you can rent a three-wheeler.
• Milk Coolers – Before acquiring in bulk, you can buy one or two coolers.

6. Tailoring and Laundering Business

Tailoring and laundering business requires a meager investment amount. For opening a tailoring shop, you just need a few sewing machines and a staff of 3 to 4 people.

You can also launder and iron clothes. For laundering, you can tie up with a DhobiGhat, where clothes can be laundered in bulk for a cheaper rate. Tailoring and laundering business is very easy to get started.

7. Newspaper Distribution

The newspaper Distribution business is very profitable because margins are significant. A newspaper vendor earns profit in two ways.

• 30% – 40% commission for per copy. For example, a newspaper like the Times of India worth Rs 7 earns Rs 2 as commission.
• Extra money through paper insertion, for per 100 pamphlets inserted you earn Rs 18/- to Rs 20/-.

As a newspaper vendor, your role will be to collect newspapers from a depot early in the morning by paying cash upfront. If you want more than 4000 copies, you have to pay in advance.

You need two things.

• Delivery Boys – salary for a bunch of delivery boys.
• Transportation – Bicycle and Motorcycles.

8. Florist Shop

Another excellent business Idea is opening a Florist shop. Here in India, flowers are used to present or gift someone on special occasions and used for religious purposes.

Every home or office needs flowers to adorn its small temple inside.

You can procure all kinds of flowers from farmers/wholesale markets for a lower price and sell them at a higher price to customers with a decent profit margin.

9. Office Repair Services – Computer, Chair and Other Furniture

Office repair services are in great need by various offices located in corporate hubs, business centers, and small malls in any given city. Computer Repair service requires expertise in both hardware and software both.

To start a computer repair shop, you need

• Licensed System Software – Operating System, Device Drivers
• We have licensed Application Software like MS Office, Antivirus Software, etc.

That’s it. You can get started now.

You can also start office chair repair services with a meager investment. You need essential tools like needle nose pliers, pipe wrench, pry bar, mallet, etc.

10. Pest Control Services

Growing demand for Pest Controllers from homes and commercial buildings has made Pest control service a very lucrative business. If you are able to establish a client base, then your business can thrive in a short period.

Here are the following prerequisites.

• Business Registration:  You have to register your business as any other business.
• License Required:  A License for Restricted Insecticides for Commercial Operators from Central Insecticides Board.
• Tools:  All you need is chemicals, cages, and a net.
• Workforce:  You need to hire a few certified individuals.
• Advertisement:  In starting, you got to advertise your business in local newspapers.

11. Real Estate Broker

If you live in Metropolitan cities with good contacts, you can start your Real Estate Brokerage agency.

You earn money by charging each side, the landlord and the tenant. You set them up. You arrange a meeting with the landlord and the tenant; if they agree, the deal is finalized.

As a brokerage for rental, you get the rent for one month, and if it is outright (sale or the property), you get 1% of the amount from both buyers and sellers.

You need an office space and one or two staff for assistance to get started.

12. Marriage Bureau

A marriage Bureau or agency is just like a Real Estate agency. Instead of dealing with landlords and tenants, you deal with people seeking either a bride or a groom.

You fix them up. Your contacts will help people to find their dream partners. And for that, you charge a fee. Although online matrimonial sites are the first choice for partner seekers, offline marriage bureaus have carved out their niche.

13. Day Childcare

Nowadays in cities, both parents, are too busy and can’t look after their child on their own during day time. Hence, they need someone to take care of their child while they are out and educate them.

So Daycare is the best option for them.

For starting a daycare you need following things

• A license – You have to attend classes and get a certification for clearing the final inspection.
• Adequate Space (you can even begin from your home)
• Basic Facilities like fenced and protected area, Play yard, kitchen for snacks, clean bathrooms
• A little bit of Advertising

14. Tuition and Hobby Classes

Tuition classes, also known as coaching centers, are prevalent all around the country. It's an excellent home business idea for women. You can start taking classes for students studying in 10 th through 10+2 classes.

You also prepare them for various competitive exams in your coaching center. Apart from regular courses, you can also teach students music, coding, guitar, dance, acting, painting, etc.

Starting a tuition or hobby class requires office space for 20 to 30 students, but you can start this from your home if you have good space. You can also take online tuition using various online teaching tools . Later on, you can scale your business and look out for a much bigger space.

15. Cricket Coaching Center

A cricket coaching center can be a very lucrative business. However, it is somewhat different than hobby classes. For many, cricket is not just a hobby but a passion.

If you live in a city like Mumbai or Delhi, you can think of starting a cricket coaching center where you can attract a lot of young cricketers from upper-class backgrounds.

However, to start a cricket coaching center, you will need some cricketing background and a significant ground for playing. Money that you can earn is much greater than Tuition or hobby classes.

16. Party Planning Services

You help people to organize their birthday parties and get-togethers smoothly.

You arrive before the event and organize everything from arranging tables to decorating the walls with streamers to handling caterers and photographers.

You need an office and advertising to get started with this business.

17. Dietary Consultation Services

If you come from a health and fitness background, you can offer dietary consultation to clients offline and online. This is a perfect home business for women.

However, you have to establish yourself first and find new clients for your business. You consult them for the proper diet and nutrition needed to stay in great shape.

The best part of this business is consulting your clients online through Zoom, Google Meet or Skype without meeting them.

18. HR Services

If you have worked for MNCs, you would know the importance of hiring the right kind of employees. As an HR (Human Resource) firm, you can tie up with various MNC’s and help them recruit the right kind of employees with the necessary skill sets.

You get a commission upon each hiring done by the company. To start an HR business, you don’t need much office space and a budget for advertising in various newspapers.

19. Freelance Services – Writing, Designing, Developing etc

In this article, business Ideas are not just offline but online also. If you want to start an online business with an investment of Rs 1 Lakh, then you can start freelance services.

The best one is freelance writing for others. Similarly, you can design a website or create a logo or fix someone’s problem online. You don’t require any other type of investment except a computer with an Internet.

20. SEO Services

SEO (Search Engine Optimization) services are the most popular and profitable business to start if you come from an online marketing background.

Digital marketers can offer SEO services to their clients by helping them to rank their website high on the Google Search page and earn a considerable amount of money quickly.

However, a good SEO expert has to know every aspect of the SEO techniques for delivering desired services to their clients.

So these are 20 business ideas you can start with a low investment of Rs. 1 lakh. Once again, I’m reiterating that you should do a business according to your skills, knowledge, and experience in a given line of work.

Pritam Nagrale, a digital marketer and Generative AI enthusiast, embarked on his journey with affiliate marketing in 2004. With over 14 years of blogging, he has turned his passion into a fortune, profoundly impacting the digital landscape. Through his expertise, Pritam has guided thousands to monetize online and achieve their dreams, establishing himself as a beacon for aspiring digital entrepreneurs.

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Top 10 Best Small Business Ideas With Investment Under 1 Lakh

Are you an aspiring entrepreneur yearning to breathe life into your dreams of owning a business? Look no further! Welcome to the realm of possibilities, where the seeds of success are sown with simplicity and passion. In a world bustling with grand ventures, sometimes the smallest seeds bloom into the most magnificent flowers. True greatness often emerges from humble beginnings. Embrace the sentiment of starting small, for it is within these modest ventures that the grandest dreams take flight. Top 10s Only brings to you the Top 10 Best Small Business Ideas With Investment Under 1 Lakh. 

Road To Success in Entrepreneurship: Explore The Best Small Business Ideas Under 1 Lakh

Gone are the days when small businesses were overlooked, for now, they thrive as the heart of India’s economy. Both service-based and product-based business enterprises have a strong probability of success. There are numerous business ideas that may be launched with one lakh and have a complete success record across the globe. The current trend is to buy locally from pop-up stands, weekend markets, home-based businesses, and other such small-scale business companies. Due to this, small business organisations have become an essential part of the economy in India and are also contributing greatly to the GDP and overall exports. So for those who have entrepreneurial aspirations and are hesitating to start their business, it’s the perfect time to turn your dreams into reality. In fact, many business ideas can be started with a basic investment of  Rs. 1 lakh. Wondering, “Which business ideas can I start with an investment cost of Rs. 1 lakh that has a high success rate”? Read on!

List Of Top 10 Best Small Business Ideas With An Investment Under 1 Lakh

A common misconception among people is that there is a need for a considerably large investment to start a business. You can start your business with a minimal amount, as there are many ideas that need zero or minimal investment. More than the basic investment cost, it is the business ideas and the way they are executed that are the game-changers. With adequate diligence, self-assurance, and creative thinking, you can actually taste success. If you are also seeking small business ideas, this blog has compiled a list of lucrative business ideas that can be started in India for investments under Rs. 1 lakh and yields the best success rate.

1. Pickle Business

Pickles are an essential and integral part of Indian cuisine. An Indian Thali is not complete without a pickle on the side. Traditionally, it was a practise in Indian homes to prepare them in the summer and use them throughout the year. But these days, due to a lack of time and many staying away from their hometowns, market-bought pickles are sought after. If you or someone in your family knows the art of making pickles, then it is a product that is in high demand. It is one of the top 10 best business ideas that can be started with a basic investment cost of Rs. 1 lakh and is a relatively risk-free business with little initial investment and more profits. 

Capital Allocation (Investment Cost in Rs.)

This is one of the best business ideas to be started with an investment under Rs. 1 lakh rupees, and the capital allocation would depend on whether you want to start on a small scale or have a manufacturing unit. The best part of this business, if it is done on a small scale, is that there is no need for much equipment. So the fixed capital allocation is very minimal. Depending on whether you are renting a place or doing it at home, additional costs like rent need to be taken into consideration. However, if done at home, the recurring costs are for ingredients, packing, transporting, and labour. Having a basic investment cost of Rs. 20,000 to Rs. 25,000 is enough to start this business. 

Raw Materials And Equipment

A pickle business, whether run as a set-up in a small unit or from home, needs the following equipment and materials.

• Cutting machines for cutting vegetables and fruits
• Weighing scale
• Pounding machine
• Jars and bottles of many sizes
• Pickle-making ingredients like spices, oils, preservatives, etc. 

Licences Required

Below are the licences and registrations needed to start a pickle business in India. 

Code IEC is an importer-exporter code that is a mandatory business identification number for import or export in India. 

• FSSAI 
• Trademark and registration
• MSME registration
• Business licence
• GST registration

This is a small-scale business that can be a one-man army. But it is best to have a helper who can follow your instructions and help with the process. Ensure that the staff you employ knows the food safety measures to follow. 

Target Customers

Indians love pickles, and hence the target customer base is huge. Professionals living away from their hometowns, students, working couples, hypermarkets, supermarkets, etc. are some of your target customers. You can sell them via social media to get online orders. This business idea has a good rate of success.

Starting a pickle business is simple and can be done from home. If you have the required skills, you can expect a high-profit margin. The key to success is taste and the way you market your products. 

2. Tailoring Business 

In India, the variety of dresses available is mind-blowing. You can find a wide range of popular clothing styles, regardless of whether you live in an upscale metropolis or a traditional town. They have a significant market opportunity thanks to emerging fashion trends. If you possess exceptional tailoring skills and are brimming with innovative style ideas, launching a tailoring business is the perfect venture to showcase your talents. As a skilled tailor, you’ll be crafting and altering garments with finesse, either independently or by building a team of talented individuals. Compared to other business ideas, this requires a very basic investment, and there are high profits to be earned. What’s more, you don’t need office space, and you can start the business at home, making it one of the top 10 small business ideas to be started in India with a basic investment cost of Rs. 1 lakh. 

A tailoring or sewing business is one of those business ideas that can be started from home with a very basic investment cost of Rs. 1 lakh. The setup needed includes a good sewing machine and a few other accessories. If you start the business at home, the ongoing expenses include supplies like zippers, threads, etc. and equipment maintenance. If you plan to have someone assist you, the employee’s salary is another ongoing cost. The basic investment cost requirement is around Rs. 25,000 to Rs. 30,000 for this business.  

Knowing the tools, equipment, and raw materials needed helps ensure that you have enough funds ready to start the business. Some of the basic raw materials and equipment needed are:

• Sewing machine
• Measuring tape
• Seam opener
• Special pressor for hemming
• Threads and supplies
• Electric iron
• Tables, racks, and hangers

Licenses Required

Even to start a tailoring shop business with a basic investment cost as low as Rs. 1 Lakh, one should have proper licences, which include:

• Business Licence

This is not a manpower-intensive business, and you can run the operations single-handedly. Once the business picks up, you can hire 1 or 2 people, depending on your needs. If you have many customers, ensure that at least one of the staff has tailoring expertise, as that reduces the burden on you and ensures delivery on time.

The target customers are people who like to wear trendy, custom-designed clothes. Depending on your niche skills, it can be men or women of all age groups. If you are adept at stitching uniforms, small schools and private companies are also potential customers. 

A tailoring shop is essential for men and women alike, as many people want to get their dresses made or altered to fit properly. You can charge for making, altering, or designing clothes, and the profit margins vary as per your niche skills. Stitching festive wear earns you more profits. The key to the success of this less than Rs. 1 lakh budget business idea is in the way you market, create, and deliver on time. Utilise multiple social media networks to raise your chances of success rate in business.

3. Solar Dealership Business

With everyone looking for eco-friendly options for their homes and offices, this next business idea is truly a game-changer! Starting a solar dealership business opens a pathway towards achieving an environmentally friendly, sustainable future and thus requires a place in our top 10 best small business ideas to be started under Rs. 1 lakh list. This innovative concept empowers you to make a positive impact on the environment and society. Partner with reliable solar suppliers, such as Loom Solar, by becoming a dealer or a distributor, and offering high-quality solar products to homes and business establishments. With a basic investment, you can start an “Ecopreneurship,” promoting clean energy adoption and contributing to a better future. Embrace this lucrative opportunity and brighten your entrepreneurial journey with a greener and more sustainable tomorrow.

Aspiring entrepreneurs should initially partner with established solar panel manufacturers in order to get this business idea started. By forming a partnership with such companies, you can become a solar panel dealer without making a significant capital investment. Next, you can either opt to start a shop for this business with a basic investment cost as low as Rs. 1 Lakh or operate from home as your base of operations. Instead of stocking up on solar panels, focus on maintaining a single demo unit to showcase the product’s benefits to potential customers. Your earnings will come through commissions earned for each successful customer acquisition. This lucrative opportunity promises growth potential with minimal initial investment. The initial capital requirement will come up to approx. Rs. 1 lakh, inclusive of the cost of the demo unit, retail space, and staff.

As this is a dealership, there won’t be much equipment required aside from the demo unit and the necessary tools for any installation or repair work.

Licenses And Documents Required

Typically, the following documents/licenses may be required for setting up an authorised Solar dealership in India:

• Msme Certificate
• A copy of the Aadhar card  
• A copy of the Pan card 
• GST certificate

Solar dealerships often do not require many employees. The two main personnel requirements will be a marketing executive and a solar panel installation technician.

Alternate power sources such as Solar and Wind are the future. Target customers will be consumers who are looking for cheaper sources of power that will help cut down on electricity bills. 

Investing in a solar dealership is a wise and secure venture. The renewable energy industry is experiencing steady growth, making it a promising market to be part of. With rising awareness and government incentives supporting solar adoption, the demand for solar products is on the rise. As a solar dealership, you are offering a sustainable and cost-effective solution, ensuring a stable customer base. Moreover, by aligning with reputable solar panel manufacturers, you can leverage their expertise and support, further enhancing the safety and profitability of your investment. This business idea will have a guaranteed success rate.

4. Garment Reseller Business

Resellers are people who buy things with the intention of selling them and earning money. A garment reselling business is a fast-growing business that does not need a huge investment. There are some reselling business that need physical office space and stock, and there are others who do it online. There are many garment resellers that are earning huge profits by running their business operations online. Whether you want to start it as a full-time or a part-time business, it is essential to plan and do research before diving in. Here are a few important things to know about it. 

This is one of the top 10 business ideas to be started in India under Rs. 1 lakh that needs very minimal capital allocation. The main reason for this is that you are only in the buying and selling business and not in production, where there will be overhead costs of labour, raw material procurement, etc. There is no need to keep an inventory, and it is more or less a zero-investment business. 

Since you are not the producer of the garments, there are no raw materials or equipment needed. The only equipment needed is a smartphone or a laptop with a good internet connection. 

This is not a manpower-intensive business, and you can run the operations single-handedly. Once the business picks up, you can hire one to two people, depending on your needs. 

To identify the target audience, you should know their clothing preferences. If you are into niche garment reselling, the target customers can be customers outside of India. It can also be tech-savvy professionals, students, and friends in your network. Social media platforms are a great source for your target audience.

A garment reselling business can earn loads of money, as there are many reseller business prospects and platforms like Meesho, Spotify, etc. If you are not keen on manufacturing garments, then a garment reselling business is a great option, as you can set the profit margins. You are in control of the price and decide the final pricing. 

5. Jewellery Making Business

Indian men and women are crazy about jewellery, not just gold but also other metals. With the rise in the price of gold and silver and also the emerging trend of wearing cost-effective jewellery, this business has great prospects. Today, there is a huge market demand for it from billions of people. Artificial cost-effective jewellery that is homemade amplifies the style, and with many celebrities sporting them, it is no longer a middle-class preference. This has helped enhance the scope of jewellery-making. If you have the skills, now is the time to follow your passion and start a jewellery-making business in India. 

What are some business ideas that can be started with Rs. 1 lakh? If this is the question foremost on your mind, then the Handmade jewellery-making business at home needs very little capital allocation. The scale of your operation determines the seed money. If you are doing it on a small scale, then the budget is well within Rs. 1 lakh as the initial investment. The ongoing costs of running this business will depend on the staff hired, whether the operations are in a rented space and the stock you want to maintain. 

Knowing the necessary supplies and raw materials enables you to make sure you have enough money on hand to start your business. Below are the raw materials and equipment needed for starting a jewellery-making business:

• Casting machine
• Woollen yarns
• Aluminium alloy
• Jewelry-making kit 

Code IEC is an importer-exporter code that is a mandatory business identification number for import or export in India.  

You can run this business on your own to cut operating costs, or you can hire one or two people to assist you with making jewellery.

Target Customer

There is a huge market for hand-made jewellery that cuts across all age groups and genders. The potential target customers are students, professionals, fashionistas, and celebrities. Create an online presence on various social media platforms to market your services and raise your business’ success rate.

Hand-made jewellery is a perfect alternative to costly metals, as they are cheaper and yet look stylish. While there is a huge demand and a great market for these products, you should stay up-to-date on the latest trends and cater to the customers’ needs. There are great profits to be had if you can gain the customer’s trust. 

6. Customized Home Decor

Everyone desires to have a well-anointed and aesthetically pleasing home. Home decor is the one that sets the ambience, whether it is a balcony, bedroom, or living room. But choosing the right home decor is a tough job. If you are someone who is passionate about it or has years of experience in this domain, then starting a customised home decor business is ideal. This is a business that is unlike others, as these items are customised as per the customers’ needs and hence needs lots of creativity and experience. But before you start it, you must have all the necessary information about it. Read below to know more about this less than Rs. 1 lakh investment business in India. 

The capital allocation needed to start this business is less than Rs. 1 lakh and includes the supplies, the machinery needed to make the products, rent (if not using your home), and staff salary if you hire people to assist you. The other costs to include are the cost of developing a website to sell products and the cost of shipping products to customers. 

Home decor includes a variety of items, ranging from kitchen accessories to personal notice boards to wall accents and more. So depending on your niche skills, you may need to purchase raw materials and other machinery. 

You can run this business on your own to cut operating costs, or you can hire one or two people to assist you with making customised home decor.  

The target market is huge, and there is a need for good marketing to make this business successful. You can find your target customers on social media platforms like Facebook, Instagram, TikTok, and more to improve the success rate of this business idea. You can also collaborate with interior designers for referrals. 

Home decoration and decor is a fast-growing market, and there is great potential in this business. Through effective marketing and unique customised designs, this business can be quite successful with very little investment. It is an excellent return on investment, where you can make a profit of about 20% based on the items you make.

7. T-Shirt/Mug Making Business

If you want to start a business with an investment of less than Rs. 1 lakh, then a T-shirt printing or mug printing business is a great choice. There are many opportunities for these two business ideas, as there are many companies or other businesses that want custom-made T-shirts or logos. T-shirts or mugs with customised prints or photos are also popular, and there are endless possibilities in this business. However, it is a business idea that suits cities as they follow the latest trends. 

This is one of the best profitable business ideas that can start with a basic investment cost of Rs. 1 lakh. The main cost will be for an investment of machinery, and that is dependent on the printing method used, which can be the heat transfer method, direct-to-garment printing, vinyl printing, screen printing, etc. The other ongoing costs will be for renting a space, procuring materials, paying staff salaries, and paying electricity bills. 

Making sure you have enough money available to start your business is made easier by being aware of the necessary tools, machinery, and raw materials. The equipment needed for T-shirt or mug printing are:

• Heat transfer paper
• Sublimation paper
• Heat press machine
• Computer sets
• Photoshop software for graphic design
• Raw materials like mugs, T-shirts
• Business name registration
• Trademark registration

You can run this business on your own to cut operating costs if you know the technicalities of printing T-shirts and mugs and are a graphic designer. If not, you will need to hire a person who is adept at it and knows the latest trends in printing.  

People of all ages and genders enjoy wearing t-shirts and drinking from mugs. But the style and designs vary based on age and cultural backgrounds. The target audience can be kids, teenagers, or adults. If you can handle bulk orders, you can also target event management companies, private companies, and more. 

A T-shirt or mug-making business can be one of the most profitable business ideas to be started in India with a minimum investment of Rs. 1 lakh if you have the right marketing strategies and can reach the target audience. The designs should be creative so that they strike a chord with the customers, and the pricing should be affordable to reach all age groups. Add diversity to the business to make it more profitable, and also have the right technical knowledge to make the most out of this small investment business idea. You can use a variety of social media sites to boost the success rate of such business ideas.

8. Customised Greeting Card Business

Birthdays, Valentine’s Day, Christmas, and Graduation Day—the events that call for greeting cards are endless. If you are under the impression that greeting cards are a thing of the past, then you are mistaken. The greeting card industry is worth more than Rs. 250 crore. Also, since the pandemic and working from home for individuals, there has been an upsurge in the customised greeting card market. If you are an artist, a graphic designer, or have the flair to make greeting cards, then you can start this at home with very minimal investment. 

It is one of the top 10 most profitable business ideas that can start in India with low investment, as the initial cost for a customised greeting card business is much less than Rs. 1 lakh and can be as minimum as Rs. 1000. The initial investment includes investing in hardware and software for making the cards and also upskilling on the latest trends and skills. In terms of ongoing costs, there is not much, as you can start this business at home.   

You can make sure you have enough money set aside to start the business by being aware of the necessary equipment, machinery, and raw supplies.

The equipment needed for starting a customised greeting card business is:

• Inkjet printer
• Printing Software subscription
• Raw materials like paper and arts and crafts supplies

If you are a graphic designer or a creative person who is adept at using the latest technology, you can run this business on your own. Once the business picks up and there are more orders than you can handle, you can add one or two people to your team. 

Making customised greeting cards is one of the market’s trendiest industries, and now is a fantastic moment to launch it as a side hustle.  The main target audience for this business is students, teenagers, and young boys and girls. You can also take orders from retail outlets or sell them to local shops where there is a demand for such cards. These can also be sold in online marketplaces or on a social media page or website.

This is an ideal business to start where you can hope to make great profits with a low investment. But for that, you should ensure that the cards are attractive in terms of design and price. Once you gain recognition, the sales can climb, and you can expand your business and make tidy profits as the making costs are low.

9. Cloud Kitchen

The food sector is a thriving industry where there is always demand and opportunities galore. If you have the ambition of starting a restaurant but do not have the risk appetite or the high investment needed for that, you can get into the cloud kitchen business. It is a trend that is popular among many people, and the idea behind it is to offer tasty and hygienic food delivered to the doorstep. This business idea needs very little investment as you do it at home, and the kitchen setup is already available. 

The cloud kitchen business attracts many people and is among the first choices as a small business idea as it has high profit margins and low investment. The capital allocation needed can be as minimal as Rs. 10,000, as a working kitchen setup is already available at your home. The only ongoing costs are for cooking raw materials, staff salaries, and utility bills. Since the initial startup costs are low, it is one of the top 10 business ideas in India to start with a low investment. If you don’t have enough money, you can borrow money from friends or take out a personal loan to start this business.

The equipment and raw materials needed depend on the kind of food you specialise in. The most common are:

• A mixer-grinder 
• Pots and Pans
• Kitchen knives
• Cooking Range
• Raw materials for cooking meals

If you are starting in a small way, then all you need is a helper who can do the side work and also help in cleaning the kitchen and utensils. Once you have more subscribers, you can then add a few more chefs who can independently work to get the cooking done and deliver on time.

The target audience can be varied and depends on the demographics you target. For instance, you can cater to school kids by offering a healthy lunch box, elders who want a balanced but limited meal, young gym-goers who want protein-rich food, etc. Depending on your niche skill, you can target one or more of these categories. In order to increase your business’s success rate, you can make use of various social media platforms.

Establishing a cloud kitchen is one of the most profitable top 10 small business ideas one can start in India with a basic investment cost of Rs. 1 lakh, especially among people who are health conscious but don’t have enough time to prepare meals. So if you can provide healthy, nutritious, and tasty food, you are sure to make huge profits. Also, since it is a subscription meal with a planned menu, there is more predictability for you in terms of orders. Once you create a brand for yourself, you can provide your kitchen services to small private companies and other such clients, or even start a small bistro restaurant . 

10. Tutoring Services

Do you love teaching? Then offering tutoring services is a business concept that could be very successful. Not just that, if you have a flair for teaching, you can contribute to children’s education and also guide them to success. You can be a stay-at-home parent, a student, or a teacher. It can serve as a good source of income if you have many students coming in. Starting a tutoring services business is also a worthwhile and rewarding experience, as you can use your experience and skills to help students gain academic success. 

For someone new to the field, a service-based business is the easiest to launch. Any business in which services are sold qualifies as a service business. Tutoring services are a good example of a service-based business with a high possibility of success.

A tutoring services enterprise is one of the most successful business ideas in India, where the initial startup cost is also less. You can start this business based on service at home with close to nothing but a few chairs and tables, and there are virtually no ongoing costs involved. So it is a risk-free business idea that can earn you huge profits as well as a good reputation if you can teach well. 

There are very few things needed to set up this service-based business idea, which include:

• Chairs and tables
• A blackboard

This is a service-oriented business idea where you can start as a lone tutor, depending on your subject expertise. If you plan to expand and teach more than a few subjects, you may want to include one or two teachers, depending on the requirements.

The target audience depends on your expertise. You can target young children from the age of 4 and above. If you are a trained middle-school, high-school, or above teacher, you can target students in classes 5 and above, depending on your niche skill. 

Tutoring as a profession is highly rewarding, not just in terms of money but also in terms of quality of life. You can create your schedule and also get vacations when the students are on vacation. It also allows you to network with different people and increases the chances of referral. It is a low-investment business that enriches your life with high returns. Make use of different social media connections in order to improve your rate of success in business.

Advice To Novice Entrepreneurs Seeking Success: Start Small, Aim Big!

Want to be your own boss? Now is the time to do it. Remember, starting small doesn’t mean thinking small. Plus, if you choose from the above list of ideas, you don’t have to break the bank either! Start a pilot programme or only provide a small number of your products or services. Sharpen your skills, create a robust plan, and do your research on how to start a low-budget business in India with a basic investment cost of Rs. 1 lakh and go on to build a business with a promising rate of success.

If you have a budget of Rs. 5 lakhs, we recommend taking a quick look at the business ideas listed in our article that give a comprehensive account of business ideas that can start with an investment under Rs. 5 lakhs .

Frequently Asked Questions About Business Ideas That Budding Entrepreneurs Can Start With Rs. 1 Lakh Investment And Achieve Success

1. are there any business ideas in india that can be started with just rs. 100,000 or 1 lakh.

Yes. You can start a business with a basic investment cost of 1 lakh rupees in India. There is a misconception that to start a business, you will need a huge amount of money. But the fact is that there are many business ideas today that can be started with a capital of less than 1 lakh rupees. 

2. Which business ideas can be started with Rs. 1 lakh in India?

An idea for a business that can be used to make money is typically focused on products or services that can be sold for money. There are many small business ideas that a budding businessperson can start with less than 1 lakh rupees in India. Some of these are tutoring businesses, garment reselling business ideas, greeting card-making businesses, cloud kitchens, jewellery-making business ideas, and more. 

3. How do I start a business with 1 lakh in India?

To fulfill your dream of becoming a business owner, first, identify ideas for business firms that you can start with a basic investment cost of Rs. 1 lakh. After finalising the idea, create a business plan, identify the target market, create a business strategy, secure financing, register your business and apply for licences, hire competent staff, and start marketing your business. Additionally, using social media channels to connect with customers will increase the success rate of your business ideas.

4. What can I do with 1 lakh in India?

You can start a small business with a basic investment cost of Rs. 1 lakh in India. Some of the business ideas that a novice entrepreneur can start are pickle business, tailoring business, garment reseller business, cloud kitchen t-shirt and mug printing business establishments, etc. 

5. Is India a good business place?

India is a beneficial place to start a business as there is a huge consumer market. It has a large middle-class population that is ready to spend on consumer products. Additionally, the government is giving incentives to startups and businesses of all sizes, and the labour costs are also low, making India a great business place. 

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100% Success Rate Business Ideas that Can be Started with 1 Lakh in 2024

• Post author: Kanakkupillai
• Post published: December 7, 2022
• Post category: Business Tips / Smart Skills

Last Updated on June 21, 2024 by Kanakkupillai

Profitable Business Ideas with Low Budget

Choosing a good manufacturing business idea with less than 1 lakh in 2023 – 2024 is the main key to acquiring success in your small business. That too, if that business idea demands a low amount of investment, then there is no better time than this. There are various business ideas that can be started with 1 lakh and have a 100% success rate worldwide. A business idea is a concept that can be used for financial gain that is usually centred on a product or service that can be offered for money. An idea is the first milestone in building a successful business.

The easiest business to start is a service business, especially for a beginner. A service business is any business where you sell services. In other words, you sell your skill, labour or expertise instead of products or goods. If you don’t have any startup capital, plenty of business opportunities remain there. Most of them are ways to make money online by offering digital services. The businesses with the best chances of success tend to be service-based, not product-based. With a service-based business, such as lawn care or dog walking, your focus is generally local instead of national, which means less competition.

A business plan with a low amount of investment is not only enough to start a business. You may have a cluster of business ideas, but making those ideas happen is all business demands. And sometimes, those ideas make you switch to a different decision; this usually happens due to a lack of proper direction. This is the stage where most aspiring businessmen struggle to catch up with a balance to reach their success. You might have heard many aspiring businessmen’s stories filled with struggles at the beginning of the business, especially with investments and ideas. They reach the fruit of success because of their hard work, confidence and innovative ideas. To run a business successfully, you need the utmost determination and confidence, and you have to be very clear about the business plan before you land in an entrepreneurial arena. To make the hustle easier, here are some business ideas that can be started with less than 1 lakh investment and has a 100% success rate.

• Handmade candles
• Incense sticks (Agarbatti)
• Buttons and Designer lace and Shoelaces
• Ice cream cones
• Handmade chocolates
• Disposable plates and cups
• Organic soap
• Coconut hair oil
• Tempered glass for smartphones
• Event management services
• Home Tutoring
• Online Advertising
• Paper Bag, Cloth Bag, or Jute Bag Making
• Chocolate Making
• Marriage Bureau
• Beauty Parlour
• Consulting Business
• Web Maintenance Service
• Freelancing
• Cosmetic Production
• Gym Business
• Life Coaching
• Laundry services
• Tailoring business
• Baby Sitting

1. Handmade Candles

Making Pickles are also another traditional small business idea, and it is extremely popular in India. You cannot find any home without at least one variant of a pickle. Therefore, a pickle business is an easy and safe option if you want to start with a low investment. Not only in the Indian market, but the demand for Indian pickles is high abroad also. Approximately Rs 20,000-Rs 25,000 of capital is enough to start the business, and with your innovative ideas, you can make it BIG in future.

3. Incense Sticks (Agarbatti)

India’s incense sticks business is growing due to the large demand abroad. The exporting business of incense sticks has also grown due to the rising popularity of meditation in many countries worldwide. The cost of automatic and semi-automatic agarbatti-making machines starts from Rs 50,000 and can be used for bulk production.

4. Buttons and Designer Lace and Shoelaces

Buttons and designer lace are the essential fixings and trimmings used in the garment industry. With emerging fashion trends, they have huge market potential.  Laces and buttons are always in demand and exported to different countries; this is a good option for individuals who want to start a business with low investment. You need a small space to start this business with a low investment of about Rs 25,000-Rs 50,000.

5. Ice cream cones

6. Handmade Chocolates

Chocolate is not only a mood lifter but also a stress buster, and when it comes to chocolate, India is on top of the consumption chart. As per Mintel , the selling of chocolate confectionery in retail markets has gone to a 13 percent hike between 2015 and 2016 in India. An approximate investment of Rs 40,000-Rs 50,000  is needed to purchase the raw materials and packaging materials. However, if you want to start it bigger, the cost may rise to Rs 2 lakh-Rs 3 lakhs approx. This business is also one of the best options who want to start a business with low investment, and this particular business holds a good range of success rates and profits.

The manufacturing process of noodles is simple and requires basic ingredients like wheat flour, spices, salt, starch, sugar, vegetable oils, etc. You can find semi-automatic and fully automatic noodle-making machines in the market. Making noodles is not that tough, and the demand for noodles is always stable. With innovative and creative ideas, you can make the noodle production differently to attract customers as the noodles are cut into any shape and size. Basic low-capacity noodle-making machines cost about Rs 40,000, and the premium ones cost about Rs 1.5 lakh.

8. Disposable Plates and Cups

There are no events, picnics, functions etc., without disposable food-grade plates and cups. They are used extensively by street vendors and hawkers.  Due to the inexpensive cost and rising demand, the market for disposable food-grade plates and cups has matured. They are the first option in many places, and the investment needed to start this business is about Rs.50,000. The major part of the investment is to purchase disposable plate-making machines.

9. Jute Bags

With the world moving to a ‘no plastic’ earth, this is the right stage for a jute bag manufacturing business. Usage of these biodegradable and reusable “golden fibre” products is increasing daily.  The jute bag and jute production-making process are easy and simple. And to start up this business, a low capital investment of around Rs 50,000-Rs 1 lakh is enough. You can start this jute bags and products business in a small area of about 500 sq ft.

10. Organic Soap

11. Coconut Hair Oil

People are more conscious of using oil, and most prefer to use natural products. And they don’t have second thoughts about paying a premium for quality natural products regarding their beauty and health. Therefore, starting a small business making coconut hair oil is a good idea, as its investment is also low at about Rs 1 lakh.

12. Tempered Glass for Smartphones

India’s Smartphone market is rising despite the global market coming inside the hand. According to International Data Corporation (IDC) , the Indian market saw a shipment of 32 million units in 2019. Among many Smartphone accessories, tempered glass is in big demand; these are made in high-temperature machines and must be passed in tests like breaking hardness and dimension checks. Being one of the essential components for smartphones, starting a Tempered glass manufacturing business is a good option, and the cost to start this business is around Rs 75,000 and Rs 1.5 lakh for high capacity.

13. Event Management Services

The event management service business is one of the booming businesses in this present busy lifestyle. To start this business, all you need is good contact with members who can help you in arranging the event; for example, if you need to arrange a marriage event, you should have good contact with a catering service person, decoration business owner, DJ person and so on who always available for you to make all the arrangements on time. By organizing parties, you will get event handling fees in which you need to keep the event with appropriate décor, arrange catering, call photographers and so on. Small office space and good contacts to coordinate arrangements to organize the event smoothly are enough to start this business. In that way, it is easy to start this type of business within 50 thousand to 1 lakh of investment

14. Home Tutoring

Home tutoring services are one of the best ways to start your business with little investment. You can provide online courses to the students at convenient evening hours. Just a small space with reading furniture is enough to start this business, or you can also do this business online by recruiting the subject teachers for online tutoring through your online medium or a website. Starting with online or in-house tuitions with young ones can help you find the right path and platform to flourish. A negligible investment is required to start this business for setting up the working space and some advertisements.

16. Online Advertising

Online advertising is one of the best of many businesses to opt-in these days, as this online medium will help reach a wide audience range. In that way, starting your own online advertising business is certainly a profitable option, as you can also provide various online services such as website designing, PPC advertising, SEO service, Social media marketing, e-mail marketing and content marketing. The investment needed to start this type of business won’t exceed 1 lakh.

17. Paper Bag, Cloth Bag, or Jute Bag Making

With the bang around the danger of plastic usage, fabricating or manufacturing cloth bags, paper bags, and jute bags is an eco-friendly business. With proper advertisements and the fabrication of reliable bags, you will land up with a pretty profitable business.

18. Chocolate Making

Chocolate Making is a small-scale home-based business that will help apt business for women. You only need raw materials such as chocolate cream, mould, and packing material to start this chocolate-making business. This is one of the sweet businesses which can be started with less than 1 lakh of investment. However, at the initial stage, you must spend on advertising and marketing.

19. Marriage Bureau

Marriage Bureau is another low-investment business idea that can be done from home. A soft-spoken person with good social contacts can make this business a great success . The only important thing needed to start this business is a database of prospective candidates.

20. Beauty Parlour

Starting a beauty parlour is another home-based business idea for women. You can start this business from home, but a proper course is needed before starting this business. The investment needed to start this business is very low.

21. Blogging

If you love writing, blogging is an interesting and profitable business that you can start with minimal investment. All you need to spend is a domain and a good hosting plan. So just, with an investment of INR 5000-6000, you are all set for a blogging business. Blogging lets you make money in many ways. You can sign up with Google AdSense to show ads on your website, do affiliate marketing, write sponsored posts, sell e-books and much more through blogging. Video marketing is also one of the top-growing businesses nowadays.

22. Consulting Business

Consulting services can be offered in various fields, such as accounting, auditing, insurance, career, taxes, business, etc. You need to spot your area of expertise and start your consultancy accordingly. Try to get initial customers from your acquaintances and give them the best services so that you can benefit from word of mouth publicity

23. Web Maintenance Service

24. YouTuber

Not just money, YouTube can turn you into a celebrity. You can make money through various streams if you choose to be a YouTuber. You can earn money by becoming a YouTube partner, selling merchandise through your YouTube Channel, or creating sponsored content. There are options where your fans can pay you directly. If you are a viral content creator, you can make money by letting media houses use your content and get paid.

25. Freelancing

Freelancing means working from anywhere as self-employed. No long terms bond. This business needs Zero rupees Investment. This business requires a laptop, internet connection, and English language ( for the foreign project).

26. Bookkeeping Services

Nowadays, most companies use accounting outsourcing, which is much cheaper and of higher quality. Moreover, it does not overload its employees. Therefore, if you have a couple of competent financiers and accountants and the opportunity to prove the quality of your work, then you can provide such services.

27. Event Planning

In this area, emotions, openness, imagination, and the ability to improvise are important. And if you have many unrealized ideas for the events in your head, then it’s even perfect. For a start, you can organize events for relatives, friends, and acquaintances, giving you experience and providing advertising.

28. Cosmetic Production

In the era of skincare, people want their skin to remain flawless. For a start, you might spend a huge amount of money trying to learn it, but a while after, it pays because you will never run out of lucrative business ideas. And if in turn, you produce perfect skincare, your customer will continue returning.

29. Gym Business

We are in the era of self-care, where people want to stay fit for their own purpose and for superficial social media beauty standards. The gym is a good lucrative business idea, but you need a huge capital to set up the business, and government loans can come in handy.

30. Life Coaching

If you successfully navigated through lives against all odds, many people need advice on navigating through their own lives. Your help with life coaching might come in handy.

31. Laundry Services

Laundry businesses in India easily make around 35,000 to 50,000 Rupees every month. In small towns and cities, the profit remains close to between 17,000 to 45,000 Rupees. Hence, laundry business investment is a good business opportunity.

32. Tailoring Business

A tailoring business, like the food business, is one business that will always be profitable. This is because tailoring is essential – we will always clothe ourselves regardless of the economy. However, profit on tailoring is highly dependent on many factors, especially brand equity.

33. Baby Sitting

People fond of children and like to have leisure time in lots may start a babysitting business. It is to take care of other kids in their parent’s absence. This business is a home-based business offering the clients peace of mind. At the same time, you can look after the little ones and earn good money.

34. E-commerce Reselling

Start an online reselling business by purchasing products at wholesale prices and selling them through popular e-commerce platforms. Identify profitable niches or focus on specific product categories to cater to a target audience.

35. Homemade Food Delivery

Capitalize on the growing demand for healthy and homemade food. Offer a menu of delicious and nutritious meals, snacks, or speciality items and deliver them to customers’ doorsteps. Build your customer base through word-of-mouth and social media marketing.

36. Handmade Products

If you have creative skills, consider producing and selling handmade products. This could include jewelry, accessories, home decor, or personalized gifts. Establish an online store or collaborate with local boutiques to reach a wider audience.

37. Content Writing and Copywriting

If you have excellent writing skills, offer businesses content writing or copywriting services. Create engaging and persuasive content for websites, blogs, social media, or marketing materials. Build a portfolio and market your services through online platforms and professional networks.

38. Social Media Management

Many businesses struggle with managing their social media presence. Offer social media management services, including content creation, scheduling, engagement, and analytics. Develop expertise in popular platforms and stay updated with the latest trends and algorithms.

39. Fitness or Yoga Instruction

If you have a background in fitness or yoga, consider starting your own instruction business. Conduct personalized or group training sessions, either in-person or online. Offer specialized programs like weight loss, strength training, or mindfulness.

40. Mobile Phone Repair

With the increasing use of smartphones, offering mobile phone repair services can be a profitable venture. Learn the necessary repair skills or hire technicians to handle repairs. Establish a physical location or provide on-site repair services.

41. Graphic Design

If you have design skills, offer graphic design services to businesses and individuals. Create logos, brochures, posters, social media graphics, or website designs. Develop a portfolio and market your services through online platforms and professional networks.

Apart from the above business ideas that can be started with 1 lakh and has a 100% success rate, below is the other business idea that can be started with low investment.

• Sweets and Snacks Shop – Investment cost Rs. 1,00,000
• Cement Sheet Shop – Basic investment cost – Rs. 1,00,000
• Event Management Business – Investment cost Rs. 1,00,000
• Plastic Sheet Shop – Basic investment Cost – Rs. 1,00,000
• Battery and Inverter Shop – Investment cost Rs. 1,00,000 – 1,50,000
• Computer Hardware Shop – Basic investment cost Rs. 1,00,000
• Hardware (Bathroom fitting/pipes/taps etc.) Shop – Investment cost Rs. 1,00,000
• Fertilizer and Seeds Shop (License Required) –Basic investment cost Rs. Rs. 1,00,000
• Children Garment Shop – Starting business cost Rs. 1,00,000
• Seeds and Pesticide Shop(License Required) – Basic investment cost Rs. Rs. 1,00,000
• Ladies Garment Shop – Basic investment cost Rs. 1,00,000
• Auto Parts Shop – Basic investment cost Rs. 1,00,000
• Pick Up Van Hiring Business – Investment cost Rs. 1,00,000
• Lightning Decoration Business – Investment cost Rs. 1,00,000
• Computer Shop – Basic investment cost Rs. 3,00,000 – 4,00,000
• Video Editing and Mixing Business – Basic investment cost Rs. 1,00,000
• Tiles and Marble Shop – Basic investment cost Rs. 1,00,000

There are several business ideas that can be started with a budget of 1 lakh in 2023, each with its unique opportunities and challenges. With the right strategy and execution, any of these business ideas can achieve a 100% success rate. However, it’s important to carefully consider market demand, competition, and profitability before starting any business venture.

Factors to Consider Before Starting a Business

In the dynamic world of business, finding a venture with a guaranteed 100% success rate is a challenging task. However, by considering certain factors and identifying promising opportunities, you can increase your chances of building a successful business in 2023.

• Market Research and Analysis: Thorough market research is essential before diving into any business idea. Analyze market trends, consumer demands, and competition to identify gaps and opportunities. Look for emerging industries, changing consumer preferences, and untapped niches that align with your skills and interests.
• Feasibility Assessment: Evaluate the feasibility of your chosen business ideas. Consider factors such as initial investment requirements, resource availability, scalability, and market saturation. Conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis to assess the viability and sustainability of the proposed venture.
• Target Audience Identification: Identify your target audience and understand their needs, preferences, and pain points. Tailor your business idea to provide unique value and solve specific problems for your target market. Conduct surveys, gather feedback, and engage with potential customers to refine your offerings and maximize market appeal.
• Execution and Differentiation: Successful businesses thrive on effective execution and differentiation. Develop a well-defined business plan that outlines your goals, strategies, and operational processes. Emphasize your unique selling proposition (USP) to differentiate yourself from competitors and create a distinct brand identity.
• Technology Integration: Embrace technology as a catalyst for growth and efficiency. Consider how technology can enhance your business operations, marketing efforts, customer experience, and overall competitiveness. Explore opportunities in e-commerce, digital marketing, automation, data analytics, and other emerging tech trends.
• Adaptability and Flexibility: In an ever-changing business landscape, adaptability is crucial. Stay agile and open to market shifts, evolving consumer behaviour, and emerging trends. Be prepared to pivot or refine your business strategy based on market feedback and changing circumstances to maintain a competitive edge.
• Continuous Learning and Networking: Invest in your personal and professional growth by continuously learning and expanding your knowledge. Attend industry events, seminars, and workshops, and connect with like-minded entrepreneurs to gain insights, build relationships, and stay updated with industry best practices.

It’s Time To Be Your Own Boss: Ultimate Guide

Becoming your own boss is an exciting and rewarding journey that allows you to take control of your professional life. While it requires dedication, hard work, and careful planning, being your boss offers the freedom to pursue your passion and create your business success. Here is an ultimate guide to help you embark on the path of being your own boss:

• Identify Your Passion and Skills: Start by identifying your passions and skills. What are you truly interested in, and what are you good at? Consider your hobbies, talents, and areas of expertise. Being passionate about your work will fuel your motivation and drive your success.
• Set Clear Goals: Define your long-term and short-term goals. Where do you see yourself in the next five years? What milestones do you want to achieve along the way? Having clear goals will provide you with direction and purpose.
• Develop a Business Idea: Brainstorm and develop a business idea based on your passions and skills. Research the market to understand its demand and competition. Consider how your idea can solve a problem or meet a need. Refine your concept until it’s viable and unique.
• Create a Solid Business Plan: Draft a comprehensive business plan that outlines your vision, mission, target market, competition, marketing strategies, financial projections, and operational details. A well-structured business plan will serve as your roadmap and help you secure funding if needed.
• Build a Professional Network: Networking is crucial for success. Attend industry events, join professional associations, and connect with like-minded individuals. Build relationships with potential clients, partners, mentors, and advisors who can support and guide you.
• Assess Financial Resources: Evaluate your financial situation and determine the resources you’ll need to start and sustain your business. Consider your personal savings, loans, grants, or potential investors. Create a budget covering all aspects of your business, including operating, marketing, and personal living expenses.
• Acquire the Necessary Skills: Being your own boss often requires a diverse skill set. Identify the skills you need to succeed in your chosen field and invest in acquiring them. Take courses, attend workshops, or seek mentorship to enhance your knowledge and expertise.
• Take Care of Legal and Administrative Aspects: Ensure you comply with all legal requirements and obtain the necessary licenses and permits. Register your business with the appropriate government agencies and understand the tax obligations. Consider consulting with a lawyer or accountant to guide you through these processes.
• Establish Your Brand: Develop a strong brand identity that reflects your values, mission, and unique selling proposition. Design a compelling logo, create a professional website, and establish a consistent brand voice across all communication channels. Build a strong online presence through social media platforms and content marketing.
• Start Small and Scale Gradually: Take small steps to test your business idea. Launch a pilot project or offer your products/services on a limited scale. Gather feedback, evaluate results, and make necessary adjustments. As you gain traction and confidence, gradually expand your operations and reach.
• Prioritize Time Management: Being your own boss requires excellent time management skills. Create a schedule and stick to it. Set realistic deadlines and goals. Delegate tasks whenever possible and leverage technology to streamline your processes. Prioritize your most important tasks and avoid procrastination.
• Embrace Continuous Learning: The entrepreneurial journey is a continuous learning process. Stay updated with industry trends, consumer behavior, and emerging technologies. Seek feedback from customers and adapt accordingly. Attend workshops, conferences, or online courses to stay ahead of the curve.
• Build a Support System: Surround yourself with a supportive network of friends, family, mentors, or fellow entrepreneurs who can offer guidance, encouragement, and accountability. Join entrepreneurial communities or mastermind groups to connect with like-minded individuals and share experiences.
• Embrace Failure and Learn from It: Failure is inevitable in entrepreneurship. Embrace it as a learning opportunity rather than a setback. Analyze your failures, identify the lessons, and use them to improve your business strategies. Persistence and resilience are key qualities of successful entrepreneurs.
• Maintain a Healthy Work-Life Balance: As your own boss, it’s easy to get consumed by work. However, it’s crucial to maintain a healthy work-life balance. Set boundaries, take breaks, and make time for family, hobbies, and self-care. Remember that your well-being is essential for long-term success.

Startup Registration in India: Your Path to Entrepreneurial Success

India has emerged as a thriving startup ecosystem with numerous opportunities and support systems. Registering your startup in India offers several advantages, including legal recognition, access to government initiatives, financial benefits, and enhanced credibility.

• Legal Recognition and Protection: Registering a company provides legal recognition as a separate entity from its founders. This separation safeguards personal assets and limits liabilities to the business entity, offering protection and minimizing risks for entrepreneurs. It establishes a clear framework for business operations, contracts, and intellectual property rights.
• Access to Government Initiatives: The Indian government has introduced various initiatives and schemes to support startups. Registering your startup makes you eligible to benefit from these programs, such as the Startup India Scheme, which provides financial incentives, tax benefits, and easier access to funding sources. Additionally, startups can participate in government tenders and procurement processes, opening avenues for business growth.
• Financial Benefits and Funding Opportunities: Registered startups gain access to numerous funding opportunities, including angel investors, venture capitalists, and government-backed schemes. Investors and financial institutions often prefer to invest in registered entities due to the transparency and credibility offered by the registration process. Furthermore, startups can avail themselves of tax exemptions for a specified period, boosting their financial viability.
• Intellectual Property Protection: Registering your startup facilitates the protection of intellectual property assets. It enables you to secure patents, trademarks, copyrights, and other proprietary rights, safeguarding your innovative ideas, brand identity, and creations. Intellectual property protection strengthens your market position, deters competitors, and enhances the value of your startup.
• Business Credibility and Investor Confidence: Startup registration enhances your business credibility and instils confidence in potential investors, partners, and customers. It signifies your commitment to compliance, transparency, and professional conduct. Registered startups often find it easier to attract investments, forge partnerships, and establish trust-based relationships, accelerating their growth trajectory.
• Network and Collaboration Opportunities: Registering as a startup opens doors to networking opportunities and collaboration with other entrepreneurs, industry experts, and established businesses. You can connect with incubators, accelerators, and industry-specific associations, gaining access to mentorship, resources, and valuable insights. Collaborative efforts can lead to partnerships, knowledge-sharing, and collective growth.
• Ease of Doing Business: India has significantly improved the ease of doing business for startups. The registration process has been streamlined with online portals and simplified documentation. Initiatives such as the “One Person Company” and “Fast Track Exit” options offer flexibility and ease for startups. These measures aim to reduce bureaucratic hurdles and create a favourable environment for entrepreneurial ventures.

At Kanakkupillai, we offer various services to help entrepreneurs start and grow their businesses, including company registration , one person company registration , accounting and compliance, and business consulting. Our experienced professionals can provide expert guidance and support to help you turn your business idea into a thriving enterprise.

Whether you want to start a new venture or take your existing business to the next level, Kanakkupillai is here to help. Contact us today to learn more about our services and how we can support your entrepreneurial journey.

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20 Business Ideas That You Can Start Under 2 Lakhs Investment

Do you want to invest Rs. 2 lakhs in Business? If your answer is yes then read this article till the very end. We have crafted some very profitable businesses that you can start with very small capital in India. Some businesses that are listed below can be started with under 1 lakh investment.

Please read to see if you can find one of the businesses described here that you can start with very low investment to catch your interest.

1. Start a Small Scale Manufacturing Business

Manufacturing of eco-friendly jute bags and paper bags can catch up well, as plastic bags are being eliminated. Even using newspapers to make paper bags with minimum investment at your home can be a good start. Investment in Jute bags manufacturing is less than 50k INR. Also, automatic paper bags machine will cost you around 3 lakhs rupees.

You can sell them to shopkeepers and make enough money to start making jute bags that are fashionable and useful at the same time.

Incense sticks or Agarbatti can also be a good cottage industry. Manufacturing of incense sticks is very easy and one can do with the help of automatic machine. Profit margin is also very good. You can easily make 60k per month with only 3 automatic machine .

You can also start Pickles and Papad manufacturing business that will cost less than 1 lakh investment. Pickles and Papad making business is bringing income to many families to survive in the pandemic.

2. Start a Mobile Phone Accessories Shop

A mobile shop can be started for under two lakhs. Renting a shop as per your taste would cost one lakh deposit with around ₹10000 rent per month. Buy some tables and chairs with shelves etc to get started.

Register your business and get a GST number to issue receipts when things get going. No GST will be needed for a business in the beginning until you begin making a substantial amount of income.

Buy some Mobile phones you want to sell and accessories like covers and chargers and you are all set. Hire a repair person if you need help. You will make good profit in phone repairing business. Also, there are huge profit margin in phone accessories.

The profits are very high in this business because the selling price of accessories is twice the purchase price

3. Start a Bakery Business

You can open a small bakery if you like to make bread and biscuits. You can also hire a worker to make them on a small scale. You will need a license from the health department who will check you periodically for hygiene.

Buy an oven and some showcases to keep your products safe from flies and insects. A cash register to issue a bill may be needed if you are in an urban area.

All these essentials plus renting the shop will not cost you above 2 lakhs. You can get a loan for self employment if you don’t have enough capital. You may need one employee to begin with.

Get busy selling coffee or tea along with your bread and cakes. Sandwiches and puffs would be welcome at lunch time. You can get all the bakery items supplied to you on a daily basis along with samosas etc made fresh and on a returnable basis.

4. Become a Real Estate Agent

You can open a real estate office if you are well versed in buying and selling houses and have good people skills. Although you are concerned with getting commission only, people who want to list their properties would like to discuss their property with you.

You can look for houses listed for sale or rent around you and go in there to find out if the owner would like your help. Some owners don’t want to pay a broker. So they announce a ‘No Broker’ sign outside which doesn’t keep the brokers out!

Be a nice guy that people would like to approach to get a lot of business. Be ready to show the houses with a motorbike for a fees. You can start this business without any investment.

5. Electrical Equipment Repair Shop

If you know how to repair a mixer or an electric stove at home, you could think of opening an Electrical Equipment Repair shop.

If you know the basics, you can open up equipment like a rice cooker and see what is wrong inside. No investment above two lakhs will be needed. As you can rent a small shop with one lakh deposit and even hire a repair person if you can afford one.

6. Open a Take Away Restaurant

A small take away restaurant doesn’t need any spacious seating. If you have enough space to cook inside and to put up a table and a shelf to showcase the food you prepare outside, you can open a Take Away Restaurant which is ideal for the pandemic times.

People with big seating ave are losing a lot of money in lockdown as nobody is allowed to sit and eat anyway.

You will need a license to run the business. Get started if you have cooking skills or hire a cook who can clean and wash up too. Attach your take away restaurant with Zomato to take online orders.

7. Start Packers and Movers Business

You won’t need an office to start a Packers and Movers business as you can advertise online to get clients who need your help in moving.

You will need a truck with 3 to 4 helpers to load and unload. Helpers are usually available on daily wages to come and help you only when you have a client wanting to move.

But even a used truck will cost you around two lakhs and so that will be your major investment. You can rent a truck to start this business. You must have a driver’s licence.

8. Become a Party Organiser

If you are creative, you know how to think up new ideas for a party. Children like to be surprised. How you can surprise them with party games will increase your popularity.

Adults also like surprise parties. You will need to have balloons and flowers with chairs and tables with tablecloths etc. ready to be supplied with a van. Get caterers to work with you to provide snacks and drinks.

9. Start Tiffin Service

There are many people who don’t have the time to cook and who do not know cooking. Tiffin services are the best for them as they have dual advantage. First of all, it comes cheap as compared to hotels and restaurant and secondly, homemade food is good for health.

Home delivery of tiffin services has become popular in corona times when a lot of people are quarantined and are not allowed to get out of their houses to buy groceries etc.

You can help by supplying tiffin to their doors if you know how to cook basic meals. Have some tiffin carriers ready. You may start with your family helping you. Add north indian or south indian options to your menus as people keep calling up to customise.

10. Franchise Business

Many small franchise are there that will help you setup a business using their brand name. Search for franchise under 2 lakhs investment and sign up with them. Small scale bakery, tea point and juice lassi shop franchise are a good option to start.

11. Start Equipment Rental Business

Wedding equipment like pandals and cooking utensils big enough to cook for hundreds of people can be rented out as nobody would have such things at home.

Stoves and chairs and tables can be supplied if the event is not being held in a choultry where they have everything ready. Wedding mandap is a great addition. Link up with caterers to work together.

12. Start a Painting Business

All you need is a ladder and high stool to reach the ceiling with paint brushes to start a painting business. A helper can be hired if you know how to paint. Initial investment to start his business is around Rs. 50K.

Hire a couple of painters if you can supervise the work to get it done. Get orders and contracts who will usually give you an advance to buy paints.

You can operate from home and can take your business to next level by partnering with builders and developers.

13. Start a Recycling PickUp Business

Some recycling shops need a pickup truck to take their collections to big recycling centres. If you have a truck, you can start a pickup business which can be a regular business as the recycle shops are full of stuff in just a few days.

Buy one with loans payable in easy EMI. Banks will lend you if you have a good credit record. You will need some helpers to load and unload.

14. Start E-Rickshaw Rental

E-rickshaw business is really a profitable business as many people in the cities and towns opt for this option to travel from one place to another. Therefore, you can buy a e-rickshaw for 1 lakh rupees and rent it out to drivers on a daily rental basis. This business is very profitable for Tier 2 Indian cities.

It has two advantages that it generates income and simultaneously you give employment to another person. The profits can be moderate in this business depending on customer availability. The only investment in this business is Rupees 1 lakh for new e-rickshaw.

15. Open a Grocery Shop

You can never lose money by starting a grocery store as people always need groceries even in pandemic times.

Grocery shops are allowed to be open for a few hours at least in the mornings even when all other shops are to be closed to survive from Corona.

Buy from wholesale markets to make profits in retailing. No license is needed but GST number is a must for payment of taxes.

16. Clothing Store

People need clothing as much as they need food. You won’t suffer a loss as clothing is not a perishable item.

One lakh for renting a shop with one more lakh to buy sarees and blouse pieces with any underwear items for men and women can get you started.

Go on adding items as the demand comes for baby clothes etc.

17. Start a Digital Marketing Company

You can start a Digital Marketing company if you know the secrets of SEO and SMM.

Using keywords in your content will make your website show up at the top of the search in Google search and other search engines.

It’s a skill to add the keywords in your content writing to help companies get sales by appearing at the top of the search and hold the interest of the reader to give him valuable content to choose the company for the products he needs.

You can start a Digital Marketing company if you have a good content writer and other experts who know how to market through social media like Facebook, Twitter and Instagram etc.

You will need a well equipped office and a team of Digital Marketing experts to run your business. But during this pandemic you can start easily with home. Initial investment is under 1 lakh to setup a company and a professional website.

18. Start a Pest Control and Cleaning Service

This is an essential service needed in Corona times to destroy the virus.

You will need effective disinfecting solutions which are not harmful to humans and pet animals at the same time.

Covid hit homes and businesses will need immediate assistance to re-enter their houses and offices if someone who was there proves to be positive and ends up in a hospital.

19. Education and Training Business

If you have been a teacher or a good administrator, you can start a school or tuitions with a few students.

Training centres like bakery or tailoring classes are providing immediate employment for those who need an urgent income.

Think of computer training teaching kids skills like painting etc without using messy colours.

Adults can learn typing skills as well as emails and Office with Word or Excel spreadsheets etc.

20. Kids Focused Business

Even primary education like nurseries and play homes are gaining importance as the foundation of our children is of topmost priority.

Start a nursery equipped with a play area with slides and toys to attract mothers who want their children to have a good time when they are at work.

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44 Best and Most Profitable Manufacturing Business Ideas in India

Manufacturing business has always been a lucrative field for the people globally. Initially it demands reasonable investment but once it is established it fetches heavy consistent profits. However selecting a good manufacturing business idea is key for the success of the business. There are various manufacturing business ideas across the world where one can start. In this article, we would provide some top and best manufacturing business ideas which can be started with low investment and that can yield high profits. The list contains 44 Most Profitable Manufacturing Business Ideas in India to start with low investment and high profit. The list also includes new manufacturing business ideas with medium investment in India. One should review each and every manufacturing business given here and select the one which is suitable to them.

Also Read: 10 Most Profitable Business Ideas with low investment and high profit

What is Manufacturing Business?

A business that uses raw material and components to prepare finished product with the help of machinery is termed as manufacturing business. This raw product can be sold directly to the consumer or to the other industry as raw material.  A manufacturing unit is a man and machine set-up that requires substantial investment at the initial stage but once it is established in a proper manner, it will fetch good profits. Some business units demand high investment whereas some can be started with low investments also.

44 Best and Most Profitable Manufacturing Business Ideas in India – [Low Investment and High Profit]

Here is a list of some of the top manufacturing business ideas that can be initiated with low investments and are expected to fetch high profits. One should review the pros and cons of each and every business idea, place of business and than take a call about starting such manufacturing business.

1) Furniture Business – Low cost manufacturing business idea

Furniture is an indispensable item for homes, schools, business premises etc. Everybody is in need of tables, chairs, sofas, beds, wardrobes etc. So, the manufacturing of furniture can be a great business idea. The estimated capital required is Rs. 1 to 5 lakh depending upon your scale of manufacturing. One can get high cost from such low cost business idea. You can also open this business with large size and this new manufacturing business idea with high investment can give very high profits.

2) Garment Manufacturing unit

With the increasing awareness of fashion, garments have been in highest demand.  Moreover, the demand is never-ending. So, the manufacturing of garment is a very productive business.  There is no estimated capital as one can start it as low as Rs 1 Lakh and it can go to several crores too. This is one of the best business ideas with low investment and high profit.

3) Producing leather related items Business

Leather products are always in great demand. Small items made of leather can be created easily with the help of simple tools and machinery.  The capital required in this business is around Rs. 1 lakh to 5 lakh. This is one of the best medium scale manufacturing business ideas in India.

4) Manufacturing of school / office stationery items – Low cost manufacturing business

There is regular demand for stationary items for offices and schools. Files, folders, pens, accounts books, pencil, eraser, sharpener, etc the list is endless. These items are even demanded by small and big industries. So, keeping in mind the demand for these products, the manufacturing of these units can be a great idea. This is a low investment business with high profits.

5) Automobile Parts manufacturing – High profits manufacturing business

Automobile industry is flourishing in every part of the country. All the automobiles industry needs spare parts to be assembled I their units. If you possess good business skills and have substantial finance capacity, you can start this business. It is not necessary to produce too many parts. One can specialize in few spare parts of the automobile industry. One should manufacture only those parts that are required on regular basis. The investment here is approximately Rs.5 lakh to 15 lakh.

6) Fertilizer manufacturing – Low cost manufacturing business idea

We live in an agriculture-based country. Any person who possesses a good knowledge of chemicals and fertilizers, he can start with fertilizer manufacturing unit at a small scale. If the business goes successful, it has huge expansion potential. The investment here is Rs. 25,000 to 1 Lakh.

Also Read: 50+ Profitable Small Scale Business Ideas in India

7) Sports Related manufacturing business

Indoor and outdoor games have always been popular amongst kids as well as elders. Manufacturing of small sports related items can be a good business idea like manufacturing of ball, bat, carom, badminton rackets etc. This is one of the best medium scale manufacturing business ideas in India.

8) Honey making idea

The business of honey making is associated with bee farming. It is one of the easiest business ideas that can be started with low cost. Honey is in great demand due to its remedial properties. The capital needed is Rs.25,000. People would also called this as good home manufacturing business under 1 Lakh.

9) High profit Toys manufacturing Business

Toys have always been favorite items for kids and their sale never goes down. One can take some evergreen toy design and style with some innovation in it.  The investment is moderate in this business idea.

10) Mineral water plant

The bottled mineral water is in high demand these days due to its extensive use in weddings, parties, hotels etc. The manufacturing of packaged mineral water is an excellent business idea subject to the condition that it is made hygienically. Water has become scarcity in India, hence this is one of the best profitable business in India .

11) Water filters manufacturing – High profit manufacturing business idea

Pure drinking water is a big problem in urban areas these days. So, the manufacturing of small water filters and small home based RO plants can be a great option for starting business. The amount of capital required here is quite huge ranging from Rs. 5 lakh to 15 lakh.

12) Handmade biscuits and chocolates

Although there are many renowned brands that sell biscuits and chocolates but still many people prefer to have hand-made biscuits and other bakery items. So, a small home-base bakery is an excellent idea for business. This could be one of the good manufacturing business under 1 Lakh.

13) Candle making idea

Fancy candles with good fragrance are always in demand especially in hotel industry and near the festival time and this makes it a very good home based business idea. The space required in this business is also not much. The start-up can be established with a space of even a single room. The capital required is around Rs. 25,000 to 50,000 only. The raw material required is wax, perfume, moulds, dye etc.

14) Manufacturing of Papers and notebooks

Paper is extensively used in schools and colleges along with other industries for billing and recording their business transactions. All in all, it is used in every sector. Manufacturing of paper does not demand high investment too. The capital required here is 1 to 2 lakh. The machinery and space required is based on the paper size, volume and quality. Education is becoming costly these days. Hence this could turn as most profitable business in India.

15) Beautiful designs Doors manufacturing

The demand for aluminum doors and windows is increasing very fast in metro cities as well as small towns. The business is quite profitable and requires a very small capital, hence it is one of the new manufacturing business ideas with medium investment in India.

16) Bakery Items manufacturing unit

If you are good at baking cakes and biscuits, it is an ideal business that can be started from kitchen with an investment as low as Rs. 25,000 to 50,000. It is a home-based manufacturing business. People these days are in great demand for home-made bakery products that are healthy and hygienic. Moreover, they are widely used for corporate and industrial gifting. If the taste of your product matches the taste buds of people, your business will reach new height in a short span of time. This is a best profitable business idea in India.

17) Creative Crafts Manufacturing

If you are interested in creative art and craft work, making of creative craft items can be a great home-based business idea. Such products are in huge demand and require very little capital.

18) Disposable paper plates and cups manufacturing unit

Disposable plates, glasses, and cups are gaining grounds in the market because of the nature of disposability associated with them. The business can be started using simple machinery and very low investment. You may need small manufacturing machines for this. This could be one of the best manufacturing business under 2 Lakh.

19) Manufacturing of inks and cartridges for printers

Printer is very commonly used for billing purposes these days. So, the demand for inks and cartridges is also increasing day by day.

20) Manufacturing of carpets

Carpets have always been associated with richness and royalty. They are widely used in hotel industry.  These have become good even at homes now. They can be machine-made and hand-made too. The business of manufacturing carpets can be started easily with a small investment and the potential is huge.

21) Mobile Phone accessories manufacturing

Mobile phones are used by one and all. Their sales have increased tremendously in recent years and so is the demand for its accessories. Various accessories are used to decorate the phone and to safeguard it as well. It is a good business idea with huge growth prospects. The investment is also very low ranging about Rs 50,000 to 2 lakh. Indians have become fond of mobile phones where they are using only for 1-2 years along with necessary accessories. Hence, mobile phone accessories manufacturing is one of the best profitable business in India now.

Also Read: 20+ Manufacturing Business Ideas to start with Rs 10 Lakhs

22) Manufacturing of kitchen utensils /cutleries

The demand for kitchen utensils and cutleries is constant as they are items of regular use. Fashionable and designer cutleries and utensils are always in great demand. So, it can be a good business idea.

Other Best Profitable Business Ideas in India

23) Textile Manufacturing

24) Pickle making

25) Bio-diesel production. Considering that diesel/petrol can become scarce in future, this bio-diesel production could be most profitable business in India to start now.

26) Flour production

27) Furniture making

28) Biscuit or chocolate making

29) Honey processing

30) Paper plates or plastic glasses manufacturing

31) Automotive parts manufacturing

32) Ceramic tiles manufacturing

33) Toys manufacturing unit.

34) Aluminium windows door manufacturing

35) Jewellery making unit. This could be one of the best manufacturing business under 1 Lakh .

36) Ice cream cone manufacturing

37) Chocolate manufacturing

38) Noodles manufacturing unit. Indians have become food lovers these days, hence this could be top profitable business Idea in India.

39) Bakery products making unit

40) Bread products making unit

41) Jam manufacturing unit

42) Organic products manufacturing

43) Cashew processing unit

44) Hair and beauty products manufacturing.

Conclusion: A small scale manufacturing unit can be a great opportunity for an individual to start his financial career. But, one has to do the planning and execution meticulously to run his business successfully. Moreover, one should be passionate and dedicated towards their work to take such business to new heights of success.

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I am interested in Jewellery, Mobile phone accessories, carpet manufacturing

i m intersted in mobile phone accessrios manufactring ideas pls suggetion me ,

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Hello, this is Suresh KP , the founder of this blog. I have written over 2,500 articles on this blog covering various investment options in India. I am a Certified Investment Adviser and a Certified Research Analyst. However, I am NOT a SEBI Registered Investment Advisor . The articles on this blog are created for educational purposes only. Please consult your investment adviser before making any investment decisions.

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15 Profitable Business Ideas under 10 Lakhs Rupees in India

Aiming to be an unbeaten entrepreneur is not about having ideas that no one has but about making them happen the way no one has. There’s no dearth of ideas, but one has to spot the right one.

The common populace’s access to the internet with an increasing requirement for services along with manufactured goods has led to a new turn in the kind of business ventures taken up today. It is no longer necessary to have a vast amount of capital or a tangible product to establish a business.

All this, along with the increasing support provided to start-ups from angel investors and venture capitalists, has made it easier to start a new business.

Zillions of people might have started their entrepreneurial story with a modest amount of Rs. 10 lakhs or even lesser . Some of them might have fallen apart, however, many of them have gone onto becoming estimable success stories. Learning from their empiricism, and following the right path, you can also create a completely different story of your own, one which is way better than all the others.

The first step in that direction is to decide what business you want to set up.We’re putting forth ahead Some Profitable Business Ideas under 10 Lakhs Rupees you get started.

Here’s The List 15 Profitable Business Ideas under 10 Lakhs Rupees in India (2022):

#1. Franchise Stores

• Investment : 6 – 8 lakhs
• ROI period : 6 – 8 months

There are brands in the market today which are already quite established.In addition to a pre-sold customer base, franchises offer a continuous support from the pre-opening stage to operational, training and managerial support required for proper functioning of the store.

In 10 lakhs and under, one can easily get a license to open up a franchise store for a lot of brands.

Start with carrying out some good research about possible options such as healthcare unit, a restaurant , a boutique, departmental store , salons , day-care centers , gaming zones , fitness centers , coaching centers, vocational training institutes etc. on a website such as Franchiseindia.com .

PRO TIP : Be careful when investigating your options. Evaluate them on the basis of factors like the brand reputation, the franchisor’s experience, your own abilities, and skills for the business, store location, it’s potential, the demand in the market, the competitors, future prospects etc.

Related :  Guide to Start Your Very Own Gadget

#2. Gadget Store

• Investment : 8 lakhs

This is the internet age. There’s hardly any individual or any place without at least a couple of phones and laptops or a PC. Joining the gang are headphones , speakers , home theatre systems , gaming gadgets, VR systems, fitness trackers, cameras etc.

With the increasing demand of these electronic devices, a store with a good range of devices on retail and a well-informed sales staff can easily find its spot in the market as a customer coming to the shop will always appreciate good and helpful advice on their buy.

The store can also be taken to an e-commerce portal for enhanced convenience for consumers and profitability for the owner.

PRO TIP : A servicing and repair center can be started alongside or you can team up with a good service center nearby. Services like free home delivery, gifting options on request etc. will further add to customer loyalty.

Related :  15 Profitable and Super-Easy Retail Business Start-up Ideas 2018

#3. Cleaning Business

• Investment : 2-5 lakhs
• ROI period : 6 months

Cleaning is a necessary chore, but not everyone is a fan of it. With the right kind of approach, this seemingly boring chore can be taken to the next level and turned into a profitable business idea. The idea might sound outlandish at first but some enterprises in India like Keentoclean and Broomberg have actually done it.

Yet there is a lot of potentials to be capitalized on. Start out with a few places; one could take up cleaning of homes, commercial complexes, water tanks etc. Develop a mechanized system for each process and train your personnel well. As there’s always a requirement of such labor especially in the urban houses and offices, so if you perform well, definitely more offers will pour in.

You can also pitch for places like hospitals, temples, and shrines, apartment complexes, hotels, museums and galleries, educational institutions, restaurants etc., which assigns work contracts to professional cleaners.

PRO TIP : While time is of the essence when working in each location, it’d be useful if “clean like it’s your own” rule is followed. Any damage or a messy work will only result in bad customer relations which will eventually affect the business.

Related : How to Start Cleaning Business

#4. Catering

• Investment: 3-5 lakhs
• ROI period : 6-8 months

In India, be it any occasion, the food has to be amazing. An event with good food and wonderful service will always be remembered warmly but bad catering can ruin the grandest of events. In this business, one can start small industry with rented equipment and on-site cooking.

This will keep the investments low and with a few stints, you’ll have enough returns to slowly expand and settle.

Also, while a passion for cooking is important, it’s essential to have a proper plan in place to take this business forward.

The idea is to provide a great culinary experience while keeping your operational costs minimal.

PRO TIP : Train your employees well, especially when it comes to interacting with the guests and providing service. A bad review from a guest can really hamper potential opportunities.

Related :  How to Start a Catering Business

#5. Delivery services  

• Investment : 1-2 lakhs
• ROI period : 3 months

When thinking of delivery, usually it’s food delivery that comes to mind. But one can start this service by delivering absolutely anything to customers, be it food from a restaurant, products from the supermarket, flowers, and gifts from the store, picking up and delivering their dry-cleaning etc.

FedEx, a popular logistics service provider has already been offering dedicated express delivery services across India, which is on a larger scale though. Your investment will mostly go into organizing the delivery chain.

And since there’s no manufacturing of any kind from your side, you just need to tie up with the local stores and make sure to plan your delivery system well.Of course, some places may already have their own delivery systems in place.

However, if you have a wider delivery radius, then through you more customers can reach out to these places, which may have only a limited delivery range.

PRO TIP : Immediate wish fulfillment is difficult to ignore. Although you might charge slightly higher prices than other delivery services, pitch your business as one which can help immediately  fulfill your customers’ needs. Make that your USP and maintain it.

Related :  How To Start A Small Delivery Service Business

#6. Travel-holiday Planner

• Investment : 3-5 lakhs

People today are willing to spend more and more on traveling and the travel business is definitely booming. As a holiday planner, you’ll have to research, plan and book a travel according to your customer’s needs.

You can plan good standard tour plans but sometimes a travel plan needs to be custom made to fulfill needs of the customer. Thinking out of the box and some meticulous research can help you plan an amazing travel for your customer.

Initially, you can start at home, working via the phone and the internet and creating a tour plan for your customer.You can also take up planning trips for educational organizations and offices, as bulk booking will help in getting better deals and may also help increase profit margins

PRO TIP : There are niche slots even within the holiday planning industry, from holidays aimed solely for kids, weekend getaways, family holidays, for newly-weds, for students, for those seeking adventure and exploration, educational or cultural tours, religious excursions, for senior citizens etc. You can specialize in certain type of holidays and become successful in the same.

Also Check:  10 Best Must Have Apps For Travellers in 2018

#7. Online Store

• Investment : 1-3 lakhs

Create your store physically and/or electronically and sell whatever you wish to! From lovely pieces of art, handmade gifts for various occasions, designer home decor objects, clothes, jewelry, to home-made cookies, chocolates, pickles, and sauces, you can sell it all.

All you need to do is open up your own website or enroll via an e-commerce portal and set up your store.

And you are ready to start selling anything you wish to (it has to be legal of course!). One can also take up requests and sell custom made items to their customers.

Handmade products are precious because they’re often one of a kind. Create and advertise your products in innovative ways.

PRO TIP : When sending out your products for deliveries, ensure that attention has been given to both the packaging and branding of your product. Also, another great way to grab attention on portals is to upload good hi-res photographs of the products with well-detailed descriptions. Use everything from word-of-mouth to the social media to spread your name.

#8. Spa Service

• Investment : 8-10 lakhs
• ROI period : 10-15 months

When people constantly battle with stress and exhaustion in their daily lives, places where they can experience mental and physical relaxation become immensely important. This is where spaces like spa and related natural therapy centers come in.

In India, the spa culture is on a rise. Common spa treatments include body treatments, facials, massages, aromatherapy, hair removal, hydrotherapy, manicures, and pedicures etc. Massages range from Ayurvedic to exotic massages done with herbal and aromatic oils.

Your investments will depend on the services you offer, the quality and price of products and equipment, personnel hired etc.

It is important that you have detailed plans in place for daily operations and each spa process.

Develop a brochure of services and products so that each service can be easily understood and selected by the customer.

Also, while investing in the services it is important to ensure that the spa has a good, peaceful environment and ambiance.

PRO TIP :  Initially, you can attract customers by providing discounted package deals or a free sample of an oil or any other spa product. There are various spa models ranging from destination resorts to day spas and medi-spa( a medical spa); one can also establish their expertise in any specific type and capitalize on that.

Related :  How to Start a Spa Business

# 9. Complete Home Maintance Solution

• Investment : 2 lakhs
• ROI period : 3-4 months

From individual house-owners to managers of apartment or condo complexes and small retail and commercial outlets, all require maintenance and repair services for their property. Companies that provide these services generally charge an annual fee and the customer can contact them whenever required without any hassle.

One can start by providing various services such as that of electrician, plumber, cleaner , pest control, water purifier maintenance, carpenter, mobile repair , computer/laptop repair etc. The idea is that all these services are just a phone call away, that your business is the one-stop solution for all of your customer’s maintenance needs. You can start the business from your home with just a phone, a computer, and the internet. Necessary tools and a vehicle to make house-calls might need some investment.

Additionally, it’ll be necessary to have good organizational and logistic sense to schedule jobs from day to day, especially when you’re starting by yourself and have no one to assist you with such tasks. This skill will then come handy when you expand your work and organization.

PRO TIP : Along with a good skill, you’ll need people who can communicate well with the customers as the business will rely heavily on overall customer satisfaction.

Related :  How to Start Complete Home Maintenance Solution Business

#10. Dog Breeder

• Investment : 10 lakhs
• ROI period : 12-15 months

This is the Best business for those who love the little canines and want to make some amazing profits at the same time. A good dog breeder with quality breeds can earn quite a neat amount of profit in this business.

Once you get some good breeds of dogs, you can then start breeding them further and then sell their pups through advertisements, via online portals and word of mouth to make a handsome profit for years to come.

You can also participate with your pawed babies in dog shows and similar contests to catch the eye of potential customers. Rs. 10 lakh investment is a sufficient amount to get few good breeds and start the process.

The investment will also go into infrastructures like access to a large farmhouse where you can house these dogs comfortably, their nourishment and upkeep of general health and hygiene.

PRO TIP : You can slowly expand your business by entering into the pet-care industry and starting salons, day crèches and vacation boarding for pets.

Related : How to Start a Fitness Center Business

#11. Fitness Center

• Investment : 6-10 lakhs
• ROI period : 8-12 months

It has become a need of the hour to keep people fit and in good health, along with having a great physique. People are willing to spend a good amount of money too for this much-wanted fitness. Starting a fitness centre has thus become a profitable business with high assured returns.

A fitness center requires weightlifting and cardio equipment with good trainers and managers to oversee daily functioning. One should do a proper research about the target population, local competition, market demand, and supply etc.

It is also important to promote your business, be it through printed flyers, advertisements or via the online route. You can put in attractive offers and services like diet consultations to bring in more people and increase your enrolment numbers.

PRO TIP: Other forms of workouts like aerobics, Zumba, martial arts as well as classes for power yoga, pregnancy exercises are also being offered to customers keeping in mind their various needs. Running social media page and YouTube channel to attract more clients can work wonders.

Also read  : 15 Best Business Ideas under 30 Lakhs in India That Will Work!

#12. Music and Dance Classes

• Investment : Rs 3-6 lakhs

These are the activities nearly every child and adult enjoys. If you are a skilled musician or dancer, opening a dance or music academy can be agood shot for you. With a minimal investment, you can buy or rent a space and create a small studio for people to come and learn these arts.

Of course, you can also hire some trained faculty if you are not a pro but still wish to go ahead with the idea. Have classes for classical and western as well as modern forms of dance, vocals, and music.

You’ll need good managerial skills to run the place and schedule different classes for different target age groups.

Have evening or weekend classes for those who are busy with work on weekdays. Promote your business at schools, community centers, online and through word of mouth via your students.

PRO TIP : A cultural evening can be organized to showcase to the local community what the members have learned and to promote your own business. Launch new classes and batches, especially during vacations, as part of summer camp and similar initiatives to get more enrollments.

Related : How to Start a Music and Dance Class Business

#13. Growing exotic and plants

• Investment : 2-4 lakhs
• ROI period : 5-8 months

From small backyard gardens in households to towering bamboos in office receptions, plants add a much-desired splash of nature to our daily lives in the concrete jungles. If you enjoy gardening, possess the requisite know-how and understand their importance, then maybe cultivating and selling them might be a wonderful and rewarding venture for you.

You can start your own home garden in your backyard where you can grow different flowering plants, shrubs, and herbs. Slowly, you can expand to cultivating exotic plants like flowering cacti, bamboo, bonsai etc. which can be sold not just as plants but also indoor decor items for both home and commercial spaces. Some inspiration for the same can be drawn from Exotic Flora .

You can also grow vegetables and fruits organically, which will fetch a higher price as people will find the idea of eating organic and freshly harvested vegetables quite attractive.

Your investment will go into setting up your gardening space and the seeds and equipment required for the same.

PRO TIP :  Alongside working locally in your area, open an online store. This will not only bring more customers beyond your region but also spread the word of your business. You can also take custom orders for certain exotic plants and additionally, work as a consultant to help others create their own unique garden.

Related :  How to Start an Exotic Herbs and Plants Growing Business 

#14. Online Advertisements

• ROI period : 10-12 months

The internet is a booming market in India. The online advertising market brings in revenue of Rs.600 crores, which is only about 3% to 4% of the total advertising market. The business of online advertisement brings together those with advertising space on the web and those who need this space.

This business requires you to have a good understanding of the concepts of online advertising, the internet and have sharp analytical and networking skills. While these skills can be developed, few courses are also available in various marketing institutes that can help you prepare for this.

Also, as a business which can also be done from home, it’s an excellent freelancing option for those who’d prefer to work from home.

PRO TIP : It’d be good to make a directory of all the potential websites by categories and target viewers and then access owners of these sites to get the right kind of ad space for your client depending upon their needs and target group. This will also help maximize the ad’s reach and impact on the target.

#15. Water Purification Unit

• Investment : 4-6 lakhs
• ROI period : 7 months

The aim of this business is to ensure that clean, potable water is available to all. A business like this is actually of immense importance and quite profitable.

While there are people who still make do with boiling water or otherwise install RO filters to obtain drinkable water, many still do not have access to hygienic drinkable water.

In this business, you have to invest in setting up a water purification unit and packaging and delivery of the product.

Purified water is packaged into huge sealed bottles of minimum 20l and distributed to homes, offices, organizations like hospitals, museums, schools, convention centres etc.

PRO TIP : You can get certification for your business to ensure the water purity and attract more clients. Also, there are four verticals to the distribution: residential, commercial, industrial or government set ups. You can start with one and slowly expand to others.

Related :  Tips to Kick start Your Water Purification Business 

Of course, as with setting up of all businesses, one needs to do a fair amount of research and study the market and the target groups before developing a sound business plan.

Relevant managerial and administration systems will then need to be set up in place according to the business plan to ensure the smooth running of the same.

All the legal documents and papers for setting up a business should also be looked into and filed properly with the respective authorities.  And while a capital of Rs 10 lakh is not a vast amount, one needs to be careful in investing their money into an idea.

There’s a wide range of ideas just waiting for the right person to put their efforts to turn them into the best business in under Rs. 10 lakhs. And surely, there are much more other brilliant ideas out there.

So, what are you waiting for?

Go, brainstorm on your business idea, you could be the next big emerging star in this new age of entrepreneurship.

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No master plan, no consultant, but River Musi project cost shoots up from Rs 50k cr to Rs 1.5 lakh cr

During the Lok Sabha election campaign, Chief Minister A Revanth Reddy had said the project would be taken up with Rs.50,000 crore.

Hyderabad: Cost escalations and estimates shooting up are nothing new for major projects, but in the strange case of the Musi Riverfront Development Project, the estimated cost has shot up from Rs.50,000 crore to Rs.1.5 lakh crore even before a master plan is ready and before a consultant has been appointed!

During the Lok Sabha election campaign, Chief Minister A Revanth Reddy had said the project would be taken up with Rs.50,000 crore. Later on June 14, Tourism Minister Jupally Krishna Rao at a programme said the flagship programme for Musi Riverfront development would be taken up at a cost of Rs.70,000 crore.

• Musi River Front Development: Consultants invited for master plan
• CM holds meetings on Musi riverfront development in Dubai

On Saturday, the Chief Minister after throwing open the Gopanpally flyover , said plans would be prepared for executing the Musi Riverfront project by spending Rs.1.5 lakh crore in five years. The works would be launched soon, he said. All these estimate escalations have happened in the last seven months since he visited London and announced the project.

Interestingly, all these estimates have been “revised” even as the State government’s plans to get an aggregate master plan for the project are still under progress. In between, addressing the gathering during the Telangana State Formation Day celebrations at Parade Grounds, the Chief Minister had said Rs.1000 crore was already allocated for the project.

Interestingly, the Musi Riverfront Development Corporation Limited had invited consultants for the aggregate master planning of the project in February, and the last date to finalise the consultant was later extended to March. Almost four months later, the consultant is yet to be finalized, a senior official said.

Similarly, agencies were also invited for conducting structural stability of the existing 17 bridges across the river and for fixing boundary stones and buffer. Even these agencies are yet to be finalised, the official added.

Till Chief Minister and his Cabinet colleague reveal the basis of the estimates, even officials appear to be in the dark.

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Business Ideas Under 1 Lakh in 2024

The limitations of entrepreneurship in the era of cut-throat competition are many, but financial burdens are no more an obstacle. The emergence of technology and changing market trends have helped to start small investment businesses with low costs. Be it private limited company registration or LLP registration, there is a variety of low-cost new business ideas to explore with an investment of less than 1 lakh in 2024.

Unlock your business potential with expert CA, CS, and Legal Services

Start Your Startup-India Registration With Us

Get a free consultation today

New Business Ideas under 1 Lakh in 2024

Launching a profitable enterprise need not require massive capital today. India’s changing consumer preferences coupled with technological progress now permits commercial pursuits with modest initial investments. Here are five such opportunities for business under 1 lakh in 2024.

1. Handmade Candles

The candle-making business is one of the best options for manufacturing business under 1 lakh and demands minimum financial commitment for working. By allocating between Rs. 20,000-30,000 to set up manufacturing, enthusiastic entrepreneurs can create and retail handmade candles from their homes. Candles experience marketability owing to their extensive utilisation in religious ceremonies, aromatic therapy, mood lighting, and decor. Personalised shapes, sizes, colours, and scents can boost product uniqueness and customer appeal for such type of business registration.

India’s affection for achaars sustains favourable prospects for aspiring pickle lovers. An approximated capital infusion of Rs. 20,000-25,000 is more than enough to obtain necessary apparatus and ingredients to kickstart production. Beyond household consumption, there are also quick-service restaurants, clubs, and bars driving bulk-order potential. Maintaining quality benchmarks and signature flavours constitute differentiation strategies in such business registration.  

3. Incense Sticks 

Rising exports and spiritual adherence keep agarbatti business registrations and sales rising, inviting competition from emerging manufacturers. Investing around Rs. 50,000 in procuring powder-binding equipment sets entrepreneurs on the road to tapping this demand by making incense sticks with custom aromas. Positioning products as natural and non-toxic can fetch premium realisations.

4. Buttons and Lace Accessories

Giving apparel and soft furnishings their aesthetic appeal are buttons, bows, borders, trims, and lace. An outlay of Rs. 25,000-50,000 on sourcing machinery and materials empowers entrepreneurs to fashion and supply such embellishments to garment fabricators and vending outlets. Keeping trends updated also ensures sustained sale.

5. Ice Cream Cones

As frozen desserts show their popularity in India, the complementary market for wafer cones indicates profitable prospects. Deploying Rs. 1-1.5 lakh permits compact manufacturing operations. Tactical tie-ups with ice cream brands, coupled with visibility across many avenues and retail points, can drive volume sales. Introducing innovative flavours, shapes, and packaging further enables market differentiation and is one of the best business ideas.

6. Handmade Chocolates

As Indian palates develop an appreciation for confectionery, specialty chocolate makers can whet their appetite for growth. An estimated Rs 40,000-50,000 appropriately deployed into procuring ingredients and basic equipment enables the homemade production of artisanal chocolates. Catering to gift-giving occasions, weddings, festivals, and impulse consumption through innovation in flavours, shapes, packaging, and pricing tactics promises rewarded efforts.  

From instant to gourmet varieties, noodles are the convenience food in Indian homes and eateries. With approximately Rs 40,000-1.5 lakhs channelled into buying machinery, entrepreneurs can start with a manufacturing business under 1 lakh with noodles on a small scale to serve localised demand. Understanding regional taste preferences and health-conscious trends can attract market share.

8. Disposable Crockery 

India’s ban on single-use plastics is helping consumer adoption of eco-friendly disposable plates and cups, constructed from areca leaves, bagasse, paper etc. An investment of around Rs 50,000 enables manufacturing to cater to fast-growing requirements from events, railway services, takeaways, and other institutional clients through competitive pricing and credible quality.

9. Jute Bags

Jute’s organic and biodegradable fabric properties position it advantageously to service India’s contemporary needs for eco-conscious shopping and storage alternatives. Giving Rs 50,000-1 lakh into machinery and labour can help the entrepreneurs into crafting custom jute bags for businesses seeking promotions through giveaways.

10. Organic Personal Care

Surging awareness about chemical additives has precipitated demand for organic skincare formulated from botanical ingredients. An operating capital of Rs 1.5-2 lakhs facilitates the production and marketing of handmade organic soaps and cosmetics, targeted at urban customers prioritising natural wellness and sustainability.

11. Coconut Hair Oil

Rising cognisance of adverse chemical reactions has sparked demand for natural hair care formulations like coconut oil. An investment of about Rs 1 lakh in ingredients, packaging, storage and processing equipment empowers startups to manufacture quality cold-pressed or fermented coconut hair oil at competitive rates. Targeting beauty retailers, spas and online platforms can quickly garner sales.  

12. Smartphone Screen Guards

As cell phones become known, protective accessories like tempered glass guards experience surging adoption. Investing between Rs 75,000-1.5 lakhs on inventory, machine tools and business registration stimulates entrepreneurs to deliver made-to-order screen protectors profitably to local mobile vendors and consumers. Custom sizing, next-day delivery and installing services should boost customer experiences in these profitable business ideas.  

13. Event Management Services 

India’s rising wedding and entertainment industries necessitate budget event coordinators for venue decor, catering, entertainment and hospitality management. By dedicating Rs 50,000-1 lakh upfront into digital promotion and vendor empanelment, solo entrepreneurs can start by specialising in specific offerings like budget wedding planning.

14. Home Tutoring

Quality supplementary education is sought by parents despite financial constraints. Expertise in academic topics or extracurriculars like music, sports etc. permits entrepreneurs to offer home tutoring services at modest rates. Planning curriculum, acquiring teaching aids and customer acquisition through digital and community outreach involves roughly Rs 30,000-50,000 initially. 

15. Home Bakery

Launching cooking operations from home to supply customised baked goods like artisanal bread, desserts and snacks to residential colonies and offices is growing popular. Investing approximately Rs 75,000 on ingredients and baking equipment sets entrepreneurs up to deliver tasty, affordable and personalised orders. Digital platforms can also be used to get visibility for such business registration.

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Final thoughts.

Finally, therefore, starting a small investment business under 1 lakh can be quite an achievable task as long as right idea and execution is there for proper business registration. The low-pricing innovative ideas provide an equally attractive opportunity for upcoming entrepreneurs to come in the market and apart from sharing thoughts, the forum also help in letting others know about challenges that they may face while starting up with their company registration process. 

Through targeting unexplored markets, ascertaining the demands of consumers and making use of the assets of creativity and innovation, entrepreneurs looking for an efficient company registration process may create resilient and profitable businesses even with minimal initial resources.

Which is the best business in 1 lakh?

Business Under 1 Lakh in 2024 are:

• Mobile Food Business
• Laundry and Washing Services
• Newspaper & Magazine Distribution
• Food Catering
• Tiffin Services

What business to start in India in 2024?

Successful small business ideas in India consist of food delivery services, mobile app development, e-commerce platforms, digital advertising organisations, physical fitness & health facilities, tutoring and education services and inexhaustible energy ventures.

How To Make 1 Lakh Per Month Online?

Ways to make one lakh every month in India include freelancing, online marketing, social media management, online tutoring, trading in the stock market and other things.

What industry is expanding fastest in India?

Fastest Growing Sector In India are:

• EV which stands for Electric Vehicles
• Healthcare And Insurance
• Sustainable Energy
• Information Technology, etc.

Aishwarya Agrawal

Ms. Aishwarya Agrawal is a graduate from Hidayatuallah National Law University, Raipur [HNLU Raipur]. Aishwarya holds a great interest in adding value to the legal fin-tech sector. She joined "StartupFino" with a motive to help budding lawyers in their day-to-day journey in the field of Law.

Important Factors to Consider Before Initiating the Company Registration Process

Innovative ways to bootstrap your business with limited capital, related posts, understanding franchise royalties, budgeting best practices for start-up founders, scaling your start-up: financial considerations and strategies, financial consultancy services for start-ups, essential financial tips for start-ups, step-by-step guide to starting a kfc franchise in..., how to register a startup company in india, why is the startup india recognition certificate is..., startup india registration online for women entrepreneurs, comprehensive guide to franchise business costs in india.

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Budget 2024: This change to old income tax regime can provide relief to millions

Union budget tax expectations: bankbazaar has proposed a plan to offer significant tax relief to millions of middle-class taxpayers. read on to learn more..

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• Finance Minister to present Union Budget 2024 on July 23
• BankBazaar proposes tax relief for middle-class taxpayers
• Proposal includes adjusting income tax slabs for inflation

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on July 23, and as usual, a key demand amongst citizens is for tax relief .

While reports indicate that the government may introduce measures to enhance the appeal of the new income tax regime, taxpayers are also hoping for a revamp of the old regime, which offers the advantage of deductions.

A proposal by BankBazaar aims to provide tax relief to millions of middle-class taxpayers . The proposed changes to the old income tax regime involve adjusting the income tax slabs to account for inflation, a move that could greatly benefit many.

Read Full Budget 2024 Coverage

Under the current old tax regime, the tax structure has remained unchanged since 2013.

The existing slabs tax are — income from Rs 2.5 lakh to Rs 5 lakh at 5%, from Rs 5 lakh to Rs 10 lakh at 20%, and any income above Rs 10 lakh at 30%.

BankBazaar proposes that the 30% tax slab be adjusted upwards to Rs 18 lakh, reflecting inflation adjustments over the period.

How will it help taxpayers opting for old tax regime?

The BankBazaar Primer for Budget 2024 highlights the necessity of updating the 20% and 30% tax slabs for the old regime.

The Cost Inflation Index shows a significant rise from 200 in 2012-13 to 363 in 2024-25, an 81.5% increase, underlining the need for these adjustments.

Persistent inflation in recent years has further escalated the index, making it imperative to update the old slab rates without further delay.

The proposed income tax slab adjustments aim to address the erosion of real income and the excess taxes paid by taxpayers due to the frozen slab rates.

For example, under the current old regime, taxpayers earning Rs 10 lakh are paying Rs 43,226 in excess taxes, which amounts to Rs 3,602 per month.

For an income of Rs 20 lakh, excess taxes paid are Rs 1.84 lakh in the old regime and Rs 67,978 in the new regime.

The old regime, favoured by many for its numerous deductions including rent, loan payments, insurance premiums, and tax-saving investments, has not been adjusted for inflation since 2013.

As a result, taxpayers are shouldering higher tax burdens while facing rising living costs.

BankBazaar’s proposal seeks to correct this imbalance by adjusting the slabs and enhancing specific deductions.

BankBazaar has also suggested enhancements required in particular sections, with respect to the old income tax regime.

1) Section 80C limit: Currently at Rs 1.5 lakh (set in 2014), should be increased to at least Rs 2 lakh.

2) Section 80D deductions: Considering the rising insurance premiums post-COVID, should be increased to Rs 50,000 for general taxpayers and Rs 100,000 for senior citizens.

3) Home loan interest and principal payments: Should have a separate section with a limit up to Rs 5 lakh.

Why taxpayers prefer old income tax regime?

The new tax regime charges no income tax on a taxable income of Rs 7 lakh or less, making it attractive for lower-income earners.

However, for those above this threshold, the old regime, despite its frozen slabs, often results in lower tax liabilities due to its deductions .

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Different faces of bank frauds

Customer education is the key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud.

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First Published: Jul 14 2024 | 3:27 PM IST

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India To Stick To Prudent Financial Plan, Survey Shows

The upcoming budget is expected to retain its earlier target of raising rs 14.1 lakh crore via bond sales in the fiscal year that began in april..

• Subhadip Sircar &
• Tomoko Sato
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(Bloomberg) -- India looks set to swim against the current of emerging market officials loosening the purse strings, with debt sales by Prime Minister Narendra Modi’s new government seen in line with earlier projections. 

New Delhi is expected to retain its earlier target of raising 14.1 trillion rupees ($169 billion) via bond sales in the fiscal year that began in April, according to the median forecast in a Bloomberg survey of economists. Not a single respondent expects the budget deficit to widen, underscoring just how keen officials are to maintain their hard-earned credibility at a time when global investors are piling into Indian debt thanks to its inclusion in JPMorgan Chase & Co indexes. 

A modest expenditure plan could give an extra fillip to India’s bond market, where benchmark yields are edging toward a two-year low. The budget will be unveiled on July 23. 

If Modi’s administration maps out more deficit reduction, “it might lead to a further rally in bonds,” said Vikas Jain, Bank of America Corp.’s India head of fixed income, currencies and commodities. “This government has always delivered on its fiscal prudence” and investors believe it’ll stick to that course, he said.  

Government spending plans have attracted scrutiny across emerging markets of late. India’s longstanding efforts to tackle indebtedness gave its bonds an edge over Indonesia’s last month amid reports authorities in Jakarta were mulling a big rise in spending. Colombia’s credit outlook was cut due to pressure on government accounts, while just this week Brazil’s president triggered a slide in its currency after raising doubts about fiscal targets.

While Modi may raise some spending in the budget to address jobs creation and to alleviate rural distress, no one is expecting a blowout. A revenue windfall and a central government windfall is helping the government allot money to projects to mollify their new allies without increasing the deficit. 

Investors cheered the outgoing government’s prudent interim budget in February, when it outlined the 14.1 trillion-rupee borrowing target, sending the 10-year yield to a seven-month low. But news of Modi’s party losing its parliamentary majority, which raised the prospect of populist policies, triggered a spike in yields in June. The yield stood at 6.96% on Thursday.

The move later reversed, as the reappointment of Nirmala Sitharaman as finance minister helped to reassure the market. So did an unexpectedly large dividend from the central bank.

The deficit target is seen slightly lower at 5% of gross domestic product for the current fiscal year, the Bloomberg survey of economists showed. The government is expected to bring the deficit down to below 4.5% for the 2026 fiscal year, almost all of the economists said. 

But Modi will be under pressure to dole out funds for his coalition partners. A key ally has demanded financial support of more than 1 trillion rupees for the state in southern India he runs, Bloomberg reported on July 5, citing people familiar with the matter. 

“If the fiscal deficit comes in at or below 4.9% of GDP with a borrowing cut, we may see a 15-20 basis points slide in yields,” said Akshay Kumar, head of global markets-India at BNP Paribas SA. “Our base case is for the current borrowing to be retained and the extra space can be targeted towards welfare-oriented spending.”

While the Reserve Bank of India appears in no hurry to cut interest rates due to sticky inflation, the steady stream of capital inflows linked to the inclusion of India’s bonds in JP Morgan’s debt gauge are likely to help push yields lower. So might further clarity on authorities’ longer-term plans. 

Sitharaman pledged in February to lower the fiscal deficit below 4.5% by the 2026 fiscal year.

The yield on the 10-year bond is seen at 6.9% by the end of 2024, according to median of forecasts in the survey.  

“Demand for government bonds is expected to exceed supply in FY25, supported by index inflows and long-only investor demand,” said Gaura Sen Gupta, chief economist at IDFC First Bank Ltd., who expects the yield to drop to 6.85%.

--With assistance from Julia Leite.

(Adds current pricing for 10-year yield in seventh paragraph)

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

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