If you want to further your entrepreneurship journey, Apricot Oil Processing business could give you an opportunity for to tap into a burgeoning herbal product market and earn a handsome monthly income.
Trending Photos
New Delhi: In the growing herbal products market, if you too are looking to boost your income, there is a business idea that promises big returns with minimal upfront investment. The business idea we are going to talk about today is the production of Apricot Oil which has in the recent years seen an unprecedented surge in demand, both in skincare segment and also in the healthy oil consumption segment.
Also known as apricot kernel oil, this versatile, odorless oil is churned out from the seeds or kernels of apricots. With the increasing consumer preference for natural and herbal solutions, the demand for Apricot Oil is soaring. The lightweight consistency of the oil is giving it immense popularity worldwide.
If you want to further your entrepreneurship journey, this business could give you an opportunity for to tap into a burgeoning herbal product market and earn a handsome monthly income. One can earn between Rs 60,000 to Rs 70,000 per month as the business grows says media reports.
KVIC has brought out a detailed pre-feasibility report regarding Apricot Oil Processing unit, giving a detailed outline of project concept development, start-up, marketing, finance and management.
For the Apricot Oil Processing Unit the total Cost of Project will be Rs 10.79 Lakhs. Out of this you will get a Term Loan of Rs 5.85 Lakh, Working Capital of Rs 3.86 Lakh. You will have to invest your own Capital of Rs 1.08 Lakh.
Further bifurcating the cost, KVIC gave the following break-up as COST OF PROJECT
Land Own/Rented
Plant & Machinery: Rs 5 lakh
Furniture & Fixtures: Rs 1.50 lakh
Working Capital: Rs 4.29 lakh
Total: Rs 10.79 lakh
Again, bifurcating the cost, KVIC gave the following break-up as MEANS OF FINANCE
Own Contribution: Rs 1.08 lakh
Working Capital(Finance) Rs 3.86 lakh
Term Loan Rs 5.85 lakh
Total: Rs 10.79 lakh
The approximate total area required for complete industrial setup is 1000-1200Sqft. The total cost of machines will be Rs 5 lakh. You will also require 10 people as total manpower for the unit.
(Disclaimer: This article is for sole information purpose. The earning calculator is also mostly based on assumptive figures to give an example of certain type. The article does not intend to give any financial advice of any sorts. For initiating any venture, you must do your own due diligence and market research.)
Live Tv
Thank you
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our and . You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.
Leave feedback about this