Assam’s Rural Economy in Focus: New Job Opportunities & Government Support Search Web Search Site Privacy Policy Terms and Conditions Hello Welcome to My Blog! Hello, I am Biswajit Choudhury, and I warmly welcome you to my blog: Promoting Sustainable Rural Non-Farm Employment Opportunities . FAQ Box Powered by ChatGPT Submit In this space, I am dedicated to helping drive economic growth in Assam by promoting sustainable, non-farm employment opportunities that harness local resources and skills. The blog is divided into three key sections: 1. Domestic (Inter-District) Explore employment initiatives within different districts of Assam, focusing on leveraging local talents and resources. 2. Interstate (Neighbourhood States) Discover opportunities in Assam's
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Cottage Industries Business Financial Proposal for Karimganj
Cottage Industries Business Financial Proposal for Karimganj
Financial Scheme Proposal for Cottage Industries Business Unit in Karimganj District
This proposal outlines a comprehensive financial plan for unemployed individuals seeking to start a cottage industry business unit in Karimganj District, Assam. The total loan amount requested is ₹2,00,000.
1. Business Unit Setup
Space Requirements
Minimum 200-300 sq. ft. of space is required to set up a small-scale cottage industry unit, including storage and workspace.
Furniture and Fixture
Workbenches - ₹10,000
Storage Racks - ₹5,000
Chairs and Tables - ₹3,000
Machinery and Equipment
Hand Looms/Knitting Machines - ₹30,000
Cutting Tools - ₹5,000
Packaging Machines - ₹15,000
Electrical Expenses
Wiring and Setup - ₹8,000
Lighting - ₹3,000
Miscellaneous Expenses
Legal and Licensing Fees - ₹2,000
Stationery and Office Supplies - ₹1,000
Total Fixed Cost
Total Fixed Cost = ₹82,000
2. Working Capital and Operating Expenses
Monthly Operating Expenses
Salary for 2 workers - ₹10,000
Telephone Expenses - ₹1,000
Transportation Expenses - ₹2,000
Raw Materials (cotton, threads, etc.) - ₹20,000
Miscellaneous (packaging, admin, etc.) - ₹1,000
Total Working Capital Required Per Month
Total Working Capital = ₹34,000
Cost of Production
Total Cost of Production per month = ₹34,000
Gross Profit
Expected Sales Revenue = ₹50,000
Gross Profit = ₹50,000 - ₹34,000 = ₹16,000
Net Profit
Net Profit = ₹16,000
Break-Even Point
The break-even point will be reached when the business can cover its monthly expenses with revenue, estimated at ₹34,000.
3. Bank and Financial Institutions Providing Loans
Bank Loan Schemes
State Bank of India (SBI): Offers the SME loan scheme for micro-entrepreneurs in rural areas.
Apply Here
Assam Gramin Vikash Bank (AGVB): Offers rural business loans for cottage industries.
Apply Here
North Eastern Development Finance Corporation Ltd. (NEDFi): Provides financial assistance for small businesses in the Northeast.
Apply Here
MUDRA Loan (Micro Units Development & Refinance Agency): Provides loans up to ₹10 lakh for small businesses.
Apply Here
Eligibility Criteria for Loan Application
Must be a resident of Karimganj District, Assam.
Unemployed and seeking to start a small cottage industry unit.
Minimum age: 18 years.
Should not have defaulted on previous loans.
Basic knowledge or experience in the proposed business activity.
4. Government Skill Development Programs for Cottage Industries
Skill Development Programs
Pradhan Mantri Kaushal Vikas Yojana (PMKVY): Provides skill training for rural entrepreneurs in small-scale industries like handicrafts, weaving, and processing.
Apply Here
Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY): Focuses on skill development for rural youth, offering training for non-farming sectors including cottage industries.
Apply Here
National Skill Development Corporation (NSDC): Provides vocational training programs in partnership with private institutions.
Apply Here
Eligibility Criteria for Skill Development Programs
Age: 15-35 years.
Resident of rural areas of Assam.
Belonging to economically weaker sections or BPL families (for DDU-GKY).
Basic education and literacy level required for certain courses.
District-Wise Sectoral Opportunities and Raw Materials in Assam Search Web Search Site Assam is divided into 35 administrative districts, which are primarily delineated based on natural features such as rivers, hills, and forests. Many of the newer districts were previously sub-divisions of older districts. On August 15, 2015, three new districts—Charaideo, South Salmara-Mankachar, and West Karbi Anglong—were created, expanding the previous count of 27 districts. Later, on June 27, 2016, Majuli was declared a district. Karbi Anglong is the largest district, covering approximately 10,434 square kilometers, followed by Sonitpur with 5,324 square kilometers. Majuli, carved out from northern Jorhat, is India's first river island district. Assam's districts are grouped into five regional divisions. This document outlines the various sectoral opportunities for developing rural non-farm employment in Assam, categorized by districts
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