If your current job is not enough to cover your expenses and you’re looking for extra income, we have a business idea for you.
You can start a wooden furniture business alongside your regular job. This will not only help you earn more but can also be a very profitable venture.
The growing demand for wooden furniture makes it an ideal time to enter this business. Plus, the government offers financial support to help you get started.
Profit Potential
Once you start the wooden furniture business, you’ll begin earning profits right away. After covering all your expenses, you can expect a profit of ₹60,000 to ₹1,00,000 per month.
This will help you repay your loan quickly. Even with low initial investment, you can grow your income and secure your financial future.
Costs and Financial Support for Starting the Business
To start your wooden furniture business, you will need approximately ₹1.85 lakh. Under the Mudra scheme, the central government provides loans to small businesses,
and you can get a loan of up to ₹7.48 lakh. This amount covers ₹3.65 lakh for fixed capital and ₹5.70 lakh for three months of working capital.
The Mudra scheme offers loans of 75-80% to help new entrepreneurs, making it easier to start and manage your business.
Potential Earnings and Loan Repayment
Once you set up your wooden furniture business, you can start earning profits quickly. After covering your expenses, you can expect to make a profit of ₹60,000 to ₹1,00,000.
This income will help you repay your loan and grow your business. With minimal investment, you can significantly increase your income, which will support your financial future.