small business 2023
Are you looking for a job? Or maybe you belong to the middle or lower income group and are struggling to survive on your current salary. If so, you are probably looking for ways to increase your income. You might have also thought of starting your own business, but lack of money has stopped you. However, we have some good news for you. We have a low cost business idea that can help you increase your earning.
Small Toy Business Idea 2023
You can start a toy business with just Rs 30,000. Our country has been importing a large number of toys, most of which are from China. However, considering the current stress and the Indian government’s focus on self-reliance and domestic manufacturing (Make in India), the toy business can be quite profitable.
Small Waste Business 2023
Another low cost business idea is waste material recycling. You can start this business with an investment of Rs 10,000 to Rs 20,000. In this business you can earn a lot of money every month.
You can approach government departments like Municipal Corporation to start this venture. These departments generate a substantial amount of waste material. By recycling this waste, you can make useful items to sell in the market. Additionally, you may be eligible for a loan of up to Rs 10 lakh under the Pradhan Mantri Mudra Yojana to help start these businesses.
These low capital business ideas provide excellent opportunities to increase your income and improve your financial condition. So don’t hesitate to explore these options and take the first step towards your entrepreneurial journey.