Best 5 Business Ideas Under 10 Lakh

 

India has the highest number of small, medium, and large business owners. In this blog, we will talk about the best 5 business ideas under 10 lakh in India. As investment is a big concern when we talk about starting a business, we have accumulated the best 5 businesses below.

 

Bee Keeping & Processing Business

 The market for honey is rapidly growing, as people are switching from sugar to honey because of its various benefits. The trend for healthy eating is rising, which makes it an ideal business to start. The Honey export business is one of the most lucrative businesses as well. It has a lot of potentials to grow in the coming times. Now that honey is replacing sugar at homes, coffee houses, and restaurants, you can also dip your fingers in this sweet business and get fruitful profits.

 

Agarbatti MakingBusiness

 The market for flower incense sticks, agarbatti, and doopbatti is very vast, as these are used in almost every house daily. It is specially used at holy places to offer spiritual offerings. They are also used in aromatic therapy, which has been going on since medieval times. Also, people light them up to bring a positive aura to the living place. You can start this business on a small scale, and the machines required are available easily in the market.

 

Rooftop Farming

 Urban agriculture, farming, or gardening is a way of cultivating, processing, and distributing food in or urban areas. Rooftop Farming or Urban Agriculture can also involve animal husbandry, aquaculture, agroforestry, urban beekeeping, and horticulture. These activities occur in pre-urban lands as well, and peri-urban agriculture may have different characteristics.

The Urban Rooftop the farming system is a simple "do it yourself" farming system that can directly place on the rooftop/kitchen garden/empty plot/farmhouse to grow fresh organic vegetables.

 

Disposable Cup & Glass

Whether it is a small function, gathering, or a juice or tea stall, you will always find disposable cups and glasses. Looking at the current scenario, people have started avoiding used glass cups and glasses at the juices and tea stalls. This makes the demand for disposable cups and glasses high in the market.

 

Bakery Business

There are various types by which you can start your bakery business, like Online bakery (currently in trend), counter service bakery shop, food truck bakery shop, and wholesale bakery. According to the interest, once can choose the type of bakery they want to start.

 

 

The demand for bakery goods is increasing among the consumers at a steady rate. Globalization has attracted the interest of people to try new things, making the demand for bakery items very high. You can find a bakery shop on every street flooded by buyers.

So, if you were confused about 'how to start a small business under 10 lakh', then here are few ideas for you. But, these are just a few of many! You can visit Institute ForIndustrial Development (IID) at www.iid.org.in and get more such kinds of business that can fall under your budget. Sharing a secret, there is also much business that you can start under 1 lakh. To know more, visit IID and become a member to get business project reports, plant and machine suppliers, expert connect, etc.