In recent years, we have witnessed an increase in the number of entrepreneurs in India. These entrepreneurs are driven by the idea of becoming technically and financially self-reliant. These ventures are not restricted to the urban areas; there are a host of opportunities to explore in rural areas as well.
The fact that you belong to a rural area or a village ideally should not affect how far you can rise. Starting a small business these days is not as difficult as it used to be. If you are confident about your business idea, the sky is the limit.
If you are concerned about finances for your business, you can apply for a business loan online at your convenience.
So put on your thinking cap, and read through the top small business ideas for rural areas:
1. Fertilizers and Seeds Store
Farmers in villages rely on agriculture for a living. They must irrigate their crops and sell them for reasonable prices to earn a decent income. Opening a store for fertilizers and seeds may be of interest to the villagers. This business doesn’t require a huge investment, as just buying fertilizers and seeds is enough to get anyone started.
- Bakery
As the demand for baked goods grows in rural areas, a bakery is a very profitable business idea. It is possible to start this business by owning or renting a space. To succeed in the bakery business, you need the right product and a viable marketing strategy. You will need to select specific products depending on the demand and financial aspect of your bakery business.
- Diagnostic Center
Like in urban areas, in rural areas and villages, people are not immune to falling ill or catching diseases. While the government provides primary healthcare facilities with the help of dispensaries, there is always a need for a specialized diagnostic center. The center can provide treatment at a local level at a lower price. The initial investment includes the rent for the center, medicine costs, and wages for the staff.
- Fashion Jewelry
The jewelry industry now generates millions of dollars. It caters to women of all ages. This device’s popularity has a lot to do with its low price and attractive design. If you’re interested in selling costume jewelry online, you can start from home.
It is possible to sell online from your store. Since technology has advanced, it has become more accessible.
5. Doorstep delivery of clean drinking water
Despite our progress as a country, the drinking water crisis remains unsolved. The lack of infrastructure or water treatment plants leaves villages without this. A large can of water pumped from a tube well or pump can be stored and then transported in vehicles to the rural areas at their doorstep. An innovative business idea would be to charge per jar for this convenience.
Though this could be a costly affair, one can easily avail of a business loan. Before applying for a loan, one should check the business loan eligibility criteria stated by the lender.
6. Electronics and Accessories Store
As most of India’s population lives in villages, technology must reach every corner for development to happen. With the ease of access to the internet, the rural population is becoming more aware of the technology available at their fingertips. They are therefore looking forward to investing in new appliances and gadgets. It might be daunting even to contemplate opening an electronics store in a small town, but you can definitely consider it.
The list of ideas can run on and on. It is up to you to select the business that suits your requirements. You can opt for loans to meet your funding as lenders offer affordable business loan interest rates. Moreover, you can calculate the approximate EMI for your loan using the EMI calculator on your lender’s website.
As Winston Churchill said, “Success is not final; failure is not fatal: what counts is the courage to go on.”