Best Business Ideas Under 2 Lakhs of Investment in India
Are you looking for the best business ideas to start in India with an investment of under 2 lakhs? With the current business climate, finding and setting up a business that requires a low capital investment is becoming increasingly difficult.
Fortunately, many potential opportunities do not require a large amount of capital. This blog post will explore the top business ideas that can start in India with an investment of fewer than 2 lakhs.
Can a business survive with low investment?
Starting a business can be daunting, especially when you have little money to invest. But that doesn’t mean it is impossible to make your dreams come true. You just need to find the right business idea for you and then explore ways to get the most out of it with minimal investment.
Fortunately, there are several manufacturing business ideas under 2 lakh that you can look into. These businesses allow you to get started without spending too much money upfront. From fashion and beauty to food and beverages, there are plenty of profitable options.
Let’s find out about some more low-investment businesses.
1. Home-Based Food Business
If you are looking for a great business opportunity with minimal investment, consider a home-based food business. With just a small capital of 2 lakh, you can start a successful and profitable food manufacturing business that can easily scale up over time.
There are several options for setting up the best manufacturing business ideas under 2 lakhs of investment. Here are some of the best business ideas in this range:
Bakery and Confectionery: Starting a bakery and confectionery business from home is one of the most profitable food manufacturing business ideas. This business requires basic ingredients, equipment, and a small labor force to begin operations. You can also sell products online to expand your reach further.
Ready-to-Eat Products: Ready-to-eat products like noodles, sauces, snacks, etc., are always in demand. Investing in an automated production line allows you to manufacture ready-to-eat products at home easily. The investment involved is relatively low and the returns on this business can be pretty high.
Spice Manufacturing: If you have the required knowledge and skills, you can also start a spice manufacturing business at home. It is a great way to use the local ingredients available in your area and produce organic spices for sale.
Soft Drink Production: You can also start a soft drink production unit from home by investing around 2 lakhs of rupees. You can manufacture and sell sodas and juices to local shops and restaurants with the right equipment and packaging.
By investing just 2 lakhs of rupees, you can easily set up a food manufacturing business from home and earn good returns on your investment. However, it is important to remember that no matter your chosen business, its success will depend on your dedication, hard work, and creativity.
2. Recycling Business
The recycling business is one of the best business ideas under 2 lakhs of investment in India. It is a great way to generate income and help the environment at the same time.
The manufacturing business ideas under 2 lakhs of investment include collecting, sorting, storing, and selling recyclable materials such as paper, glass, metal, plastic, and more. This type of business does not require large capital investments and has relatively low start-up costs.
You can start this business from your home or rent a small facility in your city. The primary focus should be on creating a network of suppliers who are willing to provide you with materials to recycle.
3. Handmade Jewelry
The handmade jewelry business is one of the best Businesses under 2 lakh. Handmade jewelry has become increasingly popular in recent years and there is a huge potential for selling it online or at local craft fairs.
The beauty of starting a handmade jewelry business is that it requires minimal overhead costs so that you can start it with just a few tools and supplies. All you need is basic jewelry-making tools, such as pliers, cutters, files, drills, saws, and other hand tools, and materials like beads, findings, charms, wire, and stringing materials.
How to market your Jewelry:
To market your handmade jewelry, you can create an online store or sell it at local craft fairs and farmers’ markets. You could also partner with local boutiques and shops to showcase your products and create additional exposure. With some creativity and hard work, you could easily turn this into a profitable venture with an investment of less than 2 lakh.
4. Candle Making
Candlemaking is one of the best business ideas under 2 lakhs of investment in India and can be very profitable if done right.
You can start this business by selling your handmade candles directly to customers or retailers, through online platforms such as Amazon, Flipkart, etc., or even through a retail store. Once you have built a customer base and are ready to scale up, you can purchase automatic candle-making machines, which will help you produce more candles in less time.
With an investment of 2 lakhs, you can set up a small-scale manufacturing unit that produces customized candles in bulk. You can create unique designs and offer customization services to cater to your customers’ needs. It will also help you reach out to more people and increase your profits.
5. Poultry Farming
The manufacturing business ideas under 2 lakhs are highly beneficial when it comes to poultry farming.
The initial costs associated with poultry farming are minimal. All that is required is land and infrastructure to house the birds. Once these two components are ready, you can start stocking your birds and generating income. The main costs associated with setting up a poultry farm would be purchasing the chicks, feeding, medication, labor, and other general expenses.
You can purchase the chicks at a low cost and sell them at a higher price after they reach maturity. This can provide you with a high return on your investment and make poultry farming one of the best businesses under 2 lakh.
What is the expected profit?
The profitability of poultry farming is highly dependent on the quality of management and proper care of your birds. If you are able to maintain a good level of management and proper care of your birds, then you can expect to generate steady income from your poultry farm. With careful planning and the right set of skills, you can make poultry farming one of the most profitable businesses
6. Mobile Phone Repair
A mobile phone repair business is an ideal choice for low investment. This type of manufacturing business requires minimal capital and can be scaled up to reach larger customer bases. Furthermore, the costs associated with setting up a mobile phone repair shop are relatively low when compared to other business ventures.
To start this venture, you need to have some technical knowledge about mobile phones and their various components. As you acquire more knowledge and experience in repairing mobile phones, you can invest in new tools and equipment which will help you to repair more complex mobile devices.
Additionally, you will also need to purchase various spare parts for mobile phones, such as display screens, mobile covers, earphone jacks, batteries, etc.
It is important to keep your overhead costs low when running a mobile phone repair business. Investing in good quality tools and using appropriate techniques will help you save money in the long run.
Conclusion on Business ideas under 2 lakh investment
There are plenty of opportunities to choose from when it comes to finding a profitable business idea with a low investment of 2 lakhs. Manufacturing businesses are a great option as they require fewer investments to start and have the potential to generate more returns than most other business ideas. Whether you want to become an entrepreneur or supplement your income, investing in a manufacturing business is a great way.
Some of the best business ideas under 2 lakhs of investment include producing clothes and accessories, manufacturing home decor items, making jewelry, creating handmade soap and candles, manufacturing organic products, and producing kitchen utensils. These businesses require minimal start-up capital and offer high returns on investments.
No matter which type of business you choose, remember to do thorough research into the market, competition, and potential customers before investing your money. With careful planning and the right strategy, you can easily make the most of your 2 lakh investment and see success in your venture.