Good News! Government is Giving Loans up to 80% to Start Soya Milk Business

If you are planning to start a new Agri-business but lagging behind due to a lack of money, then there’s good news for you. Now you can easily start your own profitable Agri-business with a very small amount of money. As per reports, the center has decided to give loans up to 80% on Soya milk production and business due to its rising demand for the current market.  Moreover, Soy Milk is one of the highly demanding commodities not only in India but across the globe.

There is a huge chance of getting a very profitable market and profit through Soy Milk making Agri-Business. As per export data, Soy milk is the most demanding commodity till date to US and Sri-Lanka. In fact, soy milk making has been included in the incubation program of National Small Industry Corporation (NSIC) where the youth will be given training on making soy milk and marketing. Under the central government’s Prime Minister Employment Generation Program (PMEGP), up to 90 percent of the loans are also being provided to start a Soya Milk making Agri-business where you can earn up to 50 lakhs per month.

National Small Industry Corporation (NSIC) to Provide Training

National Small Industry Corporation (NSIC) has started technical service centers in different parts of the country. Different types of business, as well as job oriented courses and training, will be provided in these centers. Under the program, you will also get full training on soy milk making, starting the business, business management, and marketing. 

How much space is needed for Soy Milk Unit? 

According to the NSIC report, 100 square meters of space is needed to set up a small unit of soy milk. The covered area only takes 75 square meters. It can also be rented.

Equipment, Investment, Subsidies, and Earnings Soy Milk Business

As per the report of National Small Industry Corporation (NSIC), the total cost of a soy milk making unit can rise up to Rs 11 lakh. On the basis of this project report, you can also take the Mudra loan from the bank. The bank will give loans up to 80 percent. Moreover, you will need a grinder, cooker, boiler, mechanical filter press, topo box, soaking tank as machinery and other small equipment.

With this complete setup, you can produce up to 1 lakh 75 thousand liters of soy milk which is sold at Rs 30 per liter. It will earn up to 50 Lakh rupees per month. Moreover, by extracting all the expenses you can earn huge profits from the business of Soy milk making. 

To get complete information, you can visit https://www.nsic.co.in/