Business Idea: Get bumper income from onion paste business, know how to start this business

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Image: Freepik

Navi Mumbai, dt. 23 November 2023, Thursday

Onions are one of the most special items in the kitchen. When onion prices start skyrocketing, they disappear from many kitchens in the country. In this situation, there is a huge surge in the demand of onion paste. Today's situation can become a new business idea for you.

In the country, Maharashtra, Madhya Pradesh and Karnataka are the major producers of onion in the country. The largest onion mandi i.e. market yard is in Lasalgaon, Maharashtra. Heavy rains have caused heavy crop damage in Maharashtra and Karnataka. In such a situation you can also start a business of making onion paste.

If you want to start a business considering the onion shortage situation, starting an onion paste business can earn good income.

How Much Will an Onion Paste Business Cost?

Khadi Village Industry Commission (KVIC) has prepared a project report on onion paste manufacturing business. According to him, this business can be started around 4 lakh rupees. If you don't have money to start a business, you can also take a loan from the government's Mudra Scheme.

According to the KVIC report, the total cost of setting up an onion paste manufacturing unit is Rs 4,19,000. Out of this expenditure, for construction of building shed Rs. 1 lakh and equipment (frying pan, autoclave steam cooker, diesel furnace, sterilization tank, small utensils, mugs, cups etc.) at Rs. 1.75 lakh will be spent. Apart from this, 2.75 rupees will be required to run the business.


Market like this

After making the onion paste, pack it better. If the packaging is attractive, the product will sell quickly. Nowadays the product is sold in designer packaging. You can take help of marketing. Social media can also be used for this. Apart from this, if you have the budget, you can promote your products by creating a company website.

How much will be earned?

You can sell 7.50 lakh rupees in one year. If all these expenses are deducted, the total surplus is Rs. 1.75 lakhs and the net profit from that could be estimated at Rs.1.48 lakhs.

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