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Best Small Business Ideas in India With Low Investment

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14 May 2019 | 6 min read

Are you planning to start a new business in India? Are you worried about the number of investments required?

You shouldn’t be, any longer! Yes, now it’s quite possible to go for businesses with small investments, and still achieve big profits. There are a number of small business ideas in India or small manufacturing business ideas in India with which, anyone can fulfill his/her dreams of becoming a successful business person. Do not make the mistake of assuming that ideas such as small business ideas in India from home or small manufacturing business ideas in India have no monetary value. Isn’t Facebook very much a part of your life these days? Do you know that the ‘idea’ of Facebook was hatched in the dorm room of Havard?

Any small manufacturing business idea in India can grow big with time but it requires the right decisions and correct skills (not big investments always!). Patience is one of the key points of business success. No one can become a successful businessman overnight. To cut it short, you need to choose from some great small business ideas in India and you should back it with meticulous planning and loads of patience.

 Best Small business ideas in India for you to start a business with small investments -

  1. Breakfast Joint -

Have a tour around any part of your city early in the morning.  You will come across many small tea /breakfast stores which are almost crowded with customers every morning. This is because people are too busy these days to cook their own food and as a commodity, ‘food’ would always work wonderfully well in any competitive business market.

To start a breakfast point, you need to secure permission from the relevant authorities and would also require investment for renting a space. If you have to pay Rs 5000 per month as rent then you can commit the rest of your budget on furniture, or for purchasing groceries or other required raw materials. Alternately, this is one of the small business ideas in India from home too where you may deliver your home-cooked food to offices/homes which requires no investment in space.

  1. Personalized Jewellery Business -

Indians are always in love with items like jewelry or gems. Most of the Indian population also acknowledge jewelry as the prime security of hard times. As a result, the Gold and Diamond business has been one of the most demanding and flourishing ones ever and this can be one of the best small business ideas in India for women. Moreover, pearl and gems or any fashion jewelry are also enjoying their fair share of market demands in India. This has made the business in jewelry making a lucrative one and is among the best small business ideas in India with low capital investment.

As such, customized jewelry can be an even better small business idea in India for women. Custom jewelry has very much been a part of our culture and is also becoming a profitable business these days. But, you should be having good bargaining skills so that you can negotiate with the manufacturers of customized products. You may either need to offer the manufacturers a good percentage of the profits that you make or you may have to buy their products in bulk, at a much cheaper price. Either you can keep the selling price a bit higher than the cost price at a popular shop or stall, or you can directly sell to customers in a rented space. In both cases, you can have a good collective income and make good profits.

  1. Diabetic Clinic -

Diabetes has become very common in India. People suffering from diabetes are visiting clinics to keep a check on their glucose level. In such cases, starting a diabetes clinic can also be a good business option. You will need a decent retail space to start your diabetes clinic. This small business idea in India, no doubt, will give you enormous profits. This can also be one of those profit-making small business ideas in India for women too.

  1. 3D Printing -

As a small business idea in India, 3D printing is fast becoming a popular business avenue for young businessmen. Moreover, nowadays, the typical pattern of printing technology is being replaced by modern 3D printing technology. If you are planning to invest in the industry of digital printing, you need to seriously start this business which is bound to profit you in the future.

  1. Pre-School -

In this ‘new-age’ India, preschool business is gaining widespread popularity as one of the most sought-after small business ideas in India. The acceptance of preschool business in India can be seen from their net worth which is more than Rs 4000 crore now. Also, this can be one of those respected and profit-making small business ideas in India for women as it is related to the education system. If you are very much fond of toddlers and want them to play around, you can just jump onto the idea of starting a preschool. If you have space in your home, you can very well start this as a small business idea in India from home as well.

  1. Fashion Designing -

In India, the fashion industry has made some giant strides indeed. Any individual, either from urban or semi-urban places has become very much conscious about fashion nowadays. Fashion designing has also become a subject of study in colleges/universities.  Therefore, it can be one of those highly profitable small business ideas in India. If you are interested in designing your clothes and accessories, or if you have the required skills, then you can choose the choose designing as a profitable business option.

Fashion designing does not necessarily mean the purchasing of new clothes for designing. This can be done even with old unused clothes by reusing them. New and innovative ideas can help you greatly in this field. If you have space in your home and it is in a good locality, you can very well start this as a small business idea in India from home as well. This can be one of the best small business ideas in India for women.

  1. Car Washing or Detailing Service -

In India, most of the urban or semi-urban people are equipped with cars. In such cases, providing these people a proper car washing facility can serve as one of those highly profitable small business ideas in India. For Car washing or detailing services, you don’t always need to go for some sophisticated car equipment or business brains. You just simply need to look for a simple location where you can provide your customers with quality car washing facilities. You can also visit the clients with your detailing supplies or advertise it in an innovative manner. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as small business ideas in India from home and can save money on rental space.

  1. Personal Trainer -

With an increase in health problems, people have become conscious about their health. Physical fitness is important for people in every walk of life. If you have good experience and profile as a physical fitness trainer, you can work on this as a profitable small business idea in India.  As physical fitness is fast becoming a craze among women, this can be one of the best small business ideas in India for women as well. You can become a personal trainer at a commercial gym or can start a gym on your own. For such businesses, you will need investment for a space to start a gym and the equipment that is necessary for the customers. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as small business ideas in India from home and can save money on rental space.

  1. Mobile Apps -

We come across many people these days that are using android phones for their day-to-day activities. The demand for Android phones has increased the demand for mobile apps in India and here lies one of the best small business ideas in India. The Mobile app-making business has gained popularity and has huge business potential in India. You just need to be well versed in the new technology, have to assess the latent needs of the people, and accordingly develop a mobile application that serves the need of the customers. If you are a tech-savvy woman, you can consider this as a small business idea in India for women as well.

  1. Reusable Energy -

the Indian government is encouraging the companies or businesses that are dealing in projects that are nature-friendly. People who are environment-friendly and are serious about getting into nature-related business can look into it as one of those cost-effective small business ideas in India. You can get all possible help from the government in starting such a business and reusable energy can boost those small manufacturing business ideas in India. Moreover, for women entrepreneurs, different Government schemes are also available in the sustainable energy business and hence, it can also be one of those gainful small business ideas in India for women.

  1. Photography -

Professional photography is also in high demand nowadays. People with good knowledge of photography can use this as small manufacturing business ideas in India. Such a business will need a high definition of the professional camera as a good photograph can help you earn independent projects. Moreover, you can also join hands with event planners and earn by shooting in high-profile events. You can provide a good fillip to your business if you can set up your profile online and advertise it in social media.  You may do this even without spending on rental space and can very well start this as small business ideas in India from home.

  1. Tutor -

Being a tutor can also be a profitable business. You can opt to rent a space to provide tuition facilities to students. If you do not have much investment for rent, you can also provide home tuitions, which are in high demand and can be great small business ideas in India from home. If you have available space in your home, starting such a business can give you huge profits without any investment. It can also be one of those gainful small business ideas in India for women.

  1. Beauty Salon -

In the retail sector, beauty salons or parlors are one of the most trending business options, and here lies one of the best small business ideas in India. A beauty salon or parlor can provide the customers with well-serviced facilities that can enhance their physical appearance. Such a business also provides facilities for relaxing the customer's mind with a spa or massage. But starting such a business requires you to choose the correct location and space, well-trained and dedicated manpower, and the right marketing strategy. This can be one of those gainful small business ideas in India for women too. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as small business ideas in India from home and can save money on rental space.

  1. Embroidery and Knitting -

The most critical part of the fashion designing business is getting people who have furnished skills in embroidery and knitting and this can be a wonderful small business idea in India. If you can learn and increase your expertise with these skills, then starting such a business can be easier. This can be one of those gainful small business ideas in India for women too. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as small business ideas in India from home as well.

  1. Smart Phone Repairing -

Smartphones have become an indispensable part of everyone’s life. It is not only for people who earn a good income. Sale and demand for Smartphones have increased to a great extent as the price has become reasonable. As a consequence, the repairing of smartphones has also increased, and here comes one of the best small business ideas in India. A person who gains training in this field can easily start this business. Moreover, if he has affordable space in his home (which has to be in a suitable locality) he can very well start this as a small business idea in India from home and can save a lot on rental space.

  1. Pollution Mask -

Pollution has become a major issue all over the world. In India, dealing with the issue of air pollution is a major problem of urban metro cities. People in Delhi, especially, are facing a serious and severe issue of air pollution. Hence, it will be profitable for small business ideas in India if people can engage themselves in the business of manufacturing or production of air pollution masks. This can also serve as small manufacturing business ideas in India with a lot of business sense therein.

  1. Bakery -

For new entrepreneurs, the bakery business can be a gainful business opportunity. With a little bit of training, anyone can turn this small business idea in India into a profit-making business. Moreover, if he has affordable space in his home (which has to be in a suitable locality) he can very well start this as small business ideas in India from home and can save a lot on rental space. This can be one of those fruitful small business ideas in India for women too.

  1. Food Delivery -

Food delivery can be great small business ideas in India. There are lots of good food delivery options in the Indian market today (like Food panda, Uber Eats, Swiggy, Zomato etc) which are operating successfully. You can be a part of such platforms or can start your own delivery facilities. This can be one of those gainful small business ideas in India for women too. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as small business ideas in India from home and can save a lot on rental space.

  1. Event management -

Organizing an event can also be one of those better small business ideas in India. The event managers do not spend their whole time in office. These people are very good at managing and checking out the venues and sponsors for organizing events and their demand is actually based on their image and popularity. More than funds, you need to have an astute business strategy to become a successful event manager. This can be fabulous small business ideas in India for women too.

  1. Soap Making -

This can be one of those better small business ideas in India or small manufacturing business ideas in India -as the demand for chemical-free soaps has increased by leaps and bounds of late. You can start making soap at a small place in your home with the available raw materials in the market. This business does not a huge investment or space and is a gainful small business idea in India from home.

  1. Art Supplies Store -

Art and crafts are valuable sources of income and can be a source of profit-making small business ideas in India. You can start your art supplies store if you are a good and creative artist. You can have a small retail location where you can establish your art supplies. Later, you can go to opening an online store with such creative items. This can be a profitable small business idea in India for women too. Moreover, if you have affordable space in your home (which has to be in a suitable locality) you can very well start this as a small business idea in India from home and can save a lot on rental expenses.

  1. Disposable Paper Plate Manufacturing -

Disposable paper plates are also in high demand at present and can be a source of profit-making small business ideas in India or small manufacturing business ideas in India. The major reason is its ease in serving food items/snacks/sweets at any family functions, or delivering to shops, etc.

  1. Chocolate Making -

From kids to adults, everyone is fond of chocolates. Chocolates or candy-making businesses can be profitable small business ideas in India or small business ideas in India from home. You do not need an extravagantly large space for such business. You can easily operate from home with little investment in buying easily available raw materials.

  1. Candle Making -

Making candles is also one of the profitable small business ideas in India or small manufacturing business ideas in India. Candles are not only a solution to power cuts but it is also used on religious occasions. You can also make some decorative candles which can be used for interior decorations in events etc. This business does not need an extravagantly large space and can be easily operated from home. Therefore, it can be one of those productive small business ideas in India from home as well.

  1. Interior Decorator -

If you have a good knowledge of interior designing, you can also start your business as an interior decorator. This business does not require any investment or expensive equipment and can be a wonderful small business idea in India or small business idea in India for women. This business can be easily operated from home and therefore, can be one of those productive small business ideas in India from home as well.

  1. Tiffin Service -

The lives of working professionals in India have become too hectic. Even though they want to have homemade food, they do not have much time to cook themselves. Thus, a Tiffin delivery of home-cooked food items can be an excellent small business idea in India or a small business idea in India for women.  This will also address the needs of working professionals and students who are staying far away from their homes. As you will be cooking the food in your kitchen, you do not need any investment for rented space and thus can be a profit-making small business idea in India from home as well. One small investment in this business may be the hiring of a delivery person who can deliver your cooked food at required places.

  1. Tour guide -

This can be an interesting business for people who like traveling. You can have your own travel agency, where you not only book tickets or hotels for tourists but can also be a guide to them. Such business does not require extravagant facilities as this can be operated through the Internet. This can be an excellent small business idea in India or a small business idea in India for women. This business can be easily operated from home and therefore, can be one of those productive small business ideas in India from home as well.

  1. Cooking Classes -

Starting your own cooking classes can be a trending small business idea in India or a small business idea in India for women, particularly among the urban masses. If you are a professional/certified cook, then you can start your classes, which can also be made available to distant people in an online mode. YouTube, Facebook, or other such platforms can be used for online courses where you do not need a rented space and thus it can be an excellent small business idea in India from home.  For offline courses, you need to rent a space with the required cooking facilities.  

Additional Small-Scale Businesses Available in India 

Additional small-scale company ideas that are being pursued by entrepreneurs and have shown to be successful include: 

  • Wedding planners: It's a never-ending company that thrives on people with creativity and passion. 
  • Consultant in Real Estate: It's a small-scale company idea in an unorganized industry that you may get started with if you have solid relationships and public relations. This small-scale firm is intended to generate great returns with little effort. 
  • Professional Photography: All that is required for professional photography is a good DSLR camera and connections with reputable businesses. To make a lot of money, you don't need an office; all you need is your talent and drive. 

During this time market conditions such as the talent of the owner, proprietor, and other elements all play a role in the success of top business ideas or the smallest business to start. The list above is brief, and each one involves its own set of dangers, but each of those tiny company ideas has the potential to become a successful future firm. 

SBI and IBA Declared SME Loan Relief Measures for Individuals and MSMEs  

During COVID-19, on 30th May 2021, SBI and IBA Announce SME Loan Relief Measures for Individuals and MSMEs. The Indian government declared that its Rs. 3 lakh crore ECLGS – Emergency Credit Line Guarantee Scheme – will be extended. 

  • Individuals, small enterprises, and MSMEs will be able to get up to Rs 25 crore in restructuring loans from public sector banks. 
  • For loans up to Rs. 2 crores, the government will provide a 100% guarantee to hospitals, nursing homes, and other institutions for the installation of on-site oxygen generation units. 
  • The offered interest rate is 7.50%. 
  • ECLGS's validity has also been extended until September 30, 2021. 
  • Up to 31 December 2021, it has been allowed for payout under the scheme. 

The footnote:

Everyone can have his/her own small business ideas in India or small business ideas in India from home. But, converting these small business ideas in India for women or small manufacturing business ideas in India into a successful business needs a lot of effort. Many excellent small business ideas in India do not materialize due to the shortage of funds. Here comes the use of a business loan which can help aspiring entrepreneurs to withstand the initial hurdles of fund crunch, which is so common while setting up any business.

The effective online platform of Afinoz can help such individuals in getting a business loan, as per their unique needs and affordability. Afinoz has digitalized and simplified the entire financial processes related to the best business loans and provides the cheapest business loans in a quick, reliable, transparent manner.  For more details, feel free to call us at 0120-411-0376

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