How Can Rural Non-Farm Employment Be Promoted in Assam to Reduce Dependence on Agriculture? Assam , one of the most picturesque states of India, is primarily an agrarian economy. While agriculture remains a vital livelihood source for nearly 53% of the state's population, heavy reliance on it has contributed to economic vulnerabilities. Factors like unpredictable floods, fluctuating crop prices, and limited arable land hinder the sustainable growth of farming in rural Assam. Therefore, promoting **rural non-farm employment** is crucial to reduce over-dependence on agriculture and enhance economic stability. The challenge lies in creating diverse employment opportunities that tap into local skills and resources, while also offering solutions to modern challenges. This blog will explore practical ways to promote rural non-farm employment in Assam, with real-life examples, statistics, and engagement strategies. 1. The Importance of Non-Farm Employment Rural non-f...
Financial Scheme Proposal for Bell Metal Crafts Business
1. Overview of the Business
The Bell Metal Crafts business involves the production of utensils, decorative pieces, and artifacts using bell metal. This proposal is designed to help unemployed individuals start a Bell Metal Craft unit with a loan request of ₹1,00,000 or ₹50,000.
2. Space, Furniture & Fixtures
Space Required: 200 sq. ft. workshop for production and storage.
Furniture & Fixture Costs:
| Item Name | Cost (₹) |
|---|---|
| Workbenches | 10,000 |
| Storage Racks | 5,000 |
| Basic Shelving Units | 3,000 |
Total Furniture & Fixture Cost: ₹18,000
3. Machinery & Equipment
| Item Name | Cost (₹) |
|---|---|
| Hammer and Anvil Set | 7,000 |
| Forging Tools | 10,000 |
| Bell Metal Casting Molds | 12,000 |
Total Machinery & Equipment Cost: ₹29,000
4. Electrical and Miscellaneous Expenses
| Item Name | Cost (₹) |
|---|---|
| Electrical Setup (Wiring, Lights) | 5,000 |
| Tools Maintenance | 2,000 |
| Miscellaneous Expenses | 3,000 |
Total Miscellaneous & Electrical Cost: ₹10,000
5. Salary and Operational Expenses
| Item Name | Monthly Cost (₹) |
|---|---|
| Labor (1 Worker) | 12,000 |
| Telephone/Internet | 500 |
| Transportation | 2,000 |
| Depreciation (Machinery & Tools) | 1,500 |
| Interest on Loan (Approx 12%) | 1,000 |
| Raw Materials (Bell Metal) | 20,000 |
Total Monthly Working Capital Requirement: ₹37,000
6. Cost of Production and Profit Estimates
Estimated Monthly Production: ₹50,000 (Sale of utensils, artifacts, etc.)
Gross Profit: ₹50,000 - ₹37,000 (expenses) = ₹13,000 per month
Net Profit: After taxes and other deductions, ₹10,000 per month
7. Break-Even Point & DSCR
Break-Even Point: The break-even point is expected within 8-10 months of operation, assuming steady sales growth.
DSCR (Debt Service Coverage Ratio): DSCR is estimated at 1.8, indicating the business can cover its debt obligations with its earnings.
8. Repayment Schedule
The loan is planned to be repaid over 3 years with monthly installments of approximately ₹3,500, assuming a loan of ₹1 lakh at an interest rate of 12% per annum.
9. Banks Offering Assistance in Jorhat
Banks:
- State Bank of India (SBI) - Apply Here
- Assam Gramin Vikash Bank (AGVB) - Apply Here
- Punjab National Bank (PNB) - Apply Here
Eligibility Criteria:
- Age: 18-45 years
- Unemployed or aspiring entrepreneur
- Basic knowledge of bell metal craft or interest in the sector
10. Government Entrepreneur Skill Development Program - Bell Metal Crafts
Eligibility Criteria:
- Resident of Assam
- Unemployed or small-scale entrepreneur
- Age: 18-45 years
- Basic knowledge or interest in Bell Metal Crafts
Apply Here: PMKVY Official Website
Comments
Post a Comment