Business Idea: If you are seeking a business that consistently has market demand, consider starting a puffed rice venture. Puffed rice is distributed to both small retailers and large shopping centers, providing opportunities for substantial earnings through wholesale or retail sales.

A common food product in our country

It is commonly found in prasad shops near temples of all sizes. One of the advantages of this business is the low production cost, allowing for significant profit margins. To initiate this business, an investment of at least Rs 3.55 lakh is necessary. You may also explore the Prime Minister’s Mudra Loan Scheme for financial assistance.

Approximately profit margin

To produce puffed rice, you will require paddy or rice. Purchasing grains directly from farmers can help you secure lower prices. The production cost for one kilogram of puffed rice ranges from 10 to 20 rupees, while you can sell it wholesale for 30 to 40 rupees per kilogram and retail for 50 to 60 rupees per kilogram. This business can be started by anyone, anywhere, and has the potential for a lucrative income.

Food licence is mandatory for food business

Before launching any food-related business, it is essential to obtain a food license from the Food Safety and Standards Authority of India. Additionally, registering your business is advisable, which involves selecting a name and completing the registration process. GST registration will also be necessary. To ensure your business thrives, prioritize quality packaging and consider designing an appealing logo to enhance your product’s presentation.

Disclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.