2021 had its own share of problems, the persistent covid 19 pandemic, lockdowns, etc. But with the proper distribution of vaccines, the things started chugging back to normal. Now, New Year 2022 is just a few days away; from hitting the gym to starting a new business, New Year signifies a fresh start and is the best time for such things! In this article we have brought a list of 10 Agribusiness ideas that you can start with full government support!
Government Assistance to Start Small Businesses:
Entrepreneurship is critical for the growth of a country. Entrepreneurs or Businessmen are generally viewed as national assets due to their forward-thinking innovation. Prime Minister Modi understands the importance of the Businessmen and that is why he has started various programs & schemes such as Pradhan Mantri MUDRA Yojana in addition to Programs like Start Up India & Make in India which promote entrepreneurship in the country.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro-enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
Krishi Jagran abides by PM’s thinking and therefore, through our articles we constantly try to motivate the youth of the country to become Job givers instead of Job seekers by suggesting the most profitable & lucrative business Ideas.
Top 10 Most Profitable Agri-Business Ideas:
Check out 10 profitable agriculture businesses that you can start in 2022;
Farming of Vegetables
Spinach, Potato, Onion, Tomato, Cauliflower, Cabbage, Bean, Egg Plants among others, are all vegetables that are enjoyed around the world and can also be grown anywhere. This demonstrates that there is a sizable vegetable market. So, if you’re thinking about starting an agricultural crop cultivation firm, vegetable farming is one of your possibilities.
Business of Fertilizer Distribution
Entrepreneurs can start a fertiliser distribution business from anywhere if they have a good Collection of items. Firstly you will have to obtain a License to Sell Seed, Fertilizer, Vermi-Compost, etc.
Then, Find suppliers in your neighbourhood who are eager to do business at a reasonable price. Obtain high-quality products from a reputable source at a reasonable cost. When purchasing in bulk, you can also choose to import. The source you choose for fertiliser delivery will be determined by your start-up budget.
Laboratory for Soil Analysis
Soil testing is an agronomically sound, helpful, and environmentally conscious method for monitoring nutrient levels and making exact fertiliser recommendations for a variety of crops and cropping sequences while minimising environmental impact. One of the best agriculture business ideas is to open a soil testing lab.
Agriculture Advisory Services
Agriculture consulting, like other consulting services, is likely to expand in demand in the coming years. People with expertise and experience in a certain field of farming can consider providing consultancy services to businesses and farms.
Production of Animal Feed
This is a small-scale manufacturing operation. If you have faith in the distribution system, you can establish this business to profit from livestock feed production.
Goat and Cow Fodder Production
Any agricultural product used expressly to feed domesticated livestock, such as chickens, horses, pigs, cattle, and goats, is referred to as fodder. The word refers to food that is fed to animals rather than food that they find on their own.
Organic Fertilizer Production with Vermicompost
With a minimal initial investment, vermicompost organic fertiliser production has become a prominent component of agro-business models across the country. With the right knowledge of the manufacturing process, an entrepreneur can start this firm.
Farming of fish
Commercial fish farming is a valuable investment that may provide income at any time of the year. An entrepreneur can start this firm with a moderate capital expenditure if they use modern techniques and have their own area.
You can earn up to Rs 2 Lakh Every Month by Investing Only Rs 25000 with Government Sponsored Interest Free Loans
An entrepreneur with sufficient landholding can launch a piggery business. Pigs are the most efficient feed converters after the broiler, and piggery is the most prospective source of meat production among the numerous livestock species. Pig farming is a big operation that demands a small investment in structures and equipment.
You can start a business based on planting crops even if you don’t have your own farm.