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Tuesday, October 26, 2021

Start solar lamp making business and earn millions


Solar Lamp business Idea: If you want to start a business, you can set up a factory to make solar lamps. Through this business, you can earn a lot of profits. Our country’s electricity consumption is very high due to which it is increasing, so if you want to start a business, you can set up a factory to make solar lamps. Through this business you can earn a good profit, the government is also promoting the use of solar products, the government is also giving loans to start the solar business. Along with this, banks are also taking great interest in lending to such businesses.

Solar Lamp business Idea: know how much to invest in this business

According to the project report of Micro, Small and Medium Enterprises (MSME) Development Institute, as per the project report, the first month will require Rs 1.50 lakh as working capital. You will have to spend Rs 3.50 lakh on machinery and equipment as fixed capital. This includes drill machine, grinder, high voltage break down tester, autotransformer, insulation tester, testing setup, digital multimeter, voltage stabilizer, computer, printer, etc. Their installation will cost about 1 lakh 5 thousand rupees. That is, investment of Rs 5 lakh 30 thousand will have to be done on fixed capital. At the same time, 1 lakh 50 thousand rupees will be needed as working capital.

Find out how much it costs on the raw material

If you want to do a solar lamp business, start with the first 1000 solar lamps, you will need a raw material of about 17 lakh rupees to make 1000 lamps. This includes solar PV modules, batteries, LEDs, switches, input connectors, modern plastic cabinets, fuses, cables, PCBs, semiconductors, resistors, capacitors, transistors, electromechanical components, etc. According to the project report, there will be a raw material use of about 1700 rupees on a solar lamp.

Know how much help you will get from the government

Solar Lamp business Idea: One can also take the support of the central government to set up a solar lamp factory, the Prime Minister of the country, Narendra Modi wants that the solar energy in the country should increase and for this, his government has started many schemes. Its effect is also visible and the market of solar products is increasing rapidly in the country, the government can get loans up to Rs 2 crore without any security, by contacting the District Industries Center or while applying for the loan You can ask the bank to give you a loan under the credit guarantee scheme of the central government. You can apply for loans given by banks to MSME category, under this scheme you can get loans up to 80%.

Also know: – How To Install A Solar Panel To Earn Extra Income?
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