If you are planning to start a new business but you do not have sufficient funds, do not worry because the government provides all the necessary support in the form of loans and grants to people.
Indian agriculture sector is growing day by day and currently there are more than 100 agricultural enterprises which are growing rapidly. In this article, we will talk about the 20 most demanding agribusinesses in India. Some of these farming ventures can be done with very little capital, while others may require huge investments.
20 Best Farming Business Ideas:
Here are some of the best agribusinesses you can start with a small investment.
Production of organic manure:
Nowadays, the preparation of vermicompost and organic fertilizers has become a household business. This activity can be done with low capital investment, all you need is little knowledge of its production process.
Fertilizer distribution activity:
This activity can be done easily by people living in small towns as well as rural areas. In the fertilizer distribution sector, provision must be made for buying fertilizer in the big cities and reselling it in rural areas.
The demand for milk as well as dairy products is still high. Hence, we can say that the dairy industry is the most profitable agribusiness in India. To start a dairy business, you need a good capital investment and advice from dairy experts. But if it’s done with passion, it gives very good business.
Cultivation of mushrooms:
The mushroom growing business can bring you more profit in less time. Moreover, it can be done cheaply and with less space. The demand for mushrooms has increased these days in hotels, restaurants as well as homes.
Dry flower company:
Over the past decade there has been a surge in the dried flower trade. If you have vacant land, you can grow flowers there and dry them and sell them to craft stores or flower lovers.
Hydroponic retail store:
The use of hydroponic/aeroponic technology is in great demand these days. In a hydroponic system, plants/crops are grown without soil. In this business, you can sell many hydroponic equipment in one place. The investment required will be based on the type of equipment or tools you will keep in your retail store.
The growth of organic greenhouse business is also very good because nowadays the demand for organically grown products is high. Previously, this activity was done on a small scale, but with the growing demand, people are now buying land to build organic greenhouses.
Tree growing can be a very high return investment when focused on long-term business. In logging, you can earn income by growing and selling trees. In this business, you need to be patient because the trees take time to grow, and because of this, the business and its profits will also come late. But it falls under the category of good and profitable farming business. Here are some of the most profitable plants to grow to grow your tree growing business.
Tea leaf plantations:
Due to the growing demand for tea leaves, a person can earn good profits from this business. But for the cultivation of tea leaves, the choice of time and place is very important. Although the investment in this business is larger, but in return the profit is also high.
As many people have become health conscious, the demand for honey is also increasing. Hence, beekeeping in India is becoming a profitable agro-industry. However, to start beekeeping, you will need to undergo training.
In this business, you just need to buy fresh fruits and vegetables from local farms or farmers and supply them to major cities. The export of fruits and vegetables is a very profitable business with little investment.
Cultivation of herbs:
Cultivation of medicinal plants and herbs is another profitable agricultural activity. If you have basic knowledge about medicinal plants and have enough land, you can easily earn good income from growing them. At the same time, the government also offers subsidies for the cultivation of medicinal plants.
Corn or maize has become the most versatile crop. It can be grown in different climatic conditions. By selecting good quality corn seeds, you will get an exceptional yield which, in turn, will bring you a lot of money.
Goat farming is very popular and profitable around the world due to the high demand for its meat. The best thing is that raising goats can be done with low capital investment.
Potato powder company:
Potato powder is widely used in the snack food industry. It is now used in all types of dishes requiring mashed potatoes. It is also used in making vegetable juices and soups. Therefore, you can think of starting this business.
The demand for organic spices is all over the world. We also need spices at home. Its processing and packaging process is not very difficult and can be started with less capital investment.
Market gardening :
If you have farmland and people who can work there, then you can start growing different vegetables. Good quality and high yields can lead to good profits.
Cultivation of soybeans:
Many kinds of foods like soy milk, soy flour, soy sauce, soy oil, etc. are made from soybeans. If you have a vacant lot, you can make a profit by growing soybeans there.
You can also start selling good quality or certified seed. To do this business, certain steps must be completed. It is not necessary to invest a lot of capital in it.
Production of potato chips:
The demand for French fries and potato chips is constantly increasing all over the world, so you can think of starting a potato chips business. It is a very profitable business that can be started with low capital investment.
Government loans and grants
It is important to mention that the government provides loans as well as grants to those who wish to start one of these businesses. All you have to do is go to your bank and apply for a mudra loan. Explain your business plan to the relevant bank manager and hopefully you will get a loan quickly.
First published: September 18, 2022, 06:53 IST