Best Small Business Ideas for Rural Areas, Villages, Small Towns in India

 Best Small Business Ideas for Rural Areas, Villages, Small Towns in India


Aatmanirbhar Bharat, the government-promoted and backed initiative, is all about becoming technically and financially self-sufficient. It encourages new-age entrepreneurs to take risks and be proactive in their efforts to break through the glass ceiling. The government's effort is not limited to big-city entrepreneurs; it is intended for small-town/village businesses as well.

With more than 70% of the people living in villages and small towns, there are greater opportunities to start new enterprises in these locations. Because the majority of enterprises in the rural hinterland are directly or indirectly dependent on agriculture or a similar sector, there are several options to explore and thrive over time. Some of the business concepts that can be pursued in small towns are detailed further below for entrepreneurs to consider.

Retail store
Because rural India is home to the bulk of the population, there is a scarcity of well-planned retail stores in these designated areas. The outlets might be of several varieties, each catering to a distinct segment of the population. Opening a Kirana store is one such simple and practical alternative.

The Covid issue demonstrated the Kirana store owners' tenacity and adaptability to learn and modify in response to the new situation. It is a very viable choice that is never out of stock as long as the Kirana store is opened in the correct location, provides exceptional customer service, and is well supplied (supply chain). Other businesses that can be established in the rural hinterland include.
Sweet shops
Tailor shop
Electronics shop
Saloon shop
Cosmetics shop
Two-wheeler/four wheeler mechanic
Fruit shop/juice shop
TV/Radio/Mobile mechanic
Electrical/plumber shop


It is vital to have a particular level of experience before opening the above-mentioned shops. To open the shop, several skills and knowledge are required. However, one advantage of having a retail establishment is that it takes less time to get started and there is a ready-made demand for such necessities in every location.


Flour mill
In rural areas there is no Paucity of raw material for the flour mill and people don't purchase the packed flour from the Markets it is very profitable business if you grind other  grians along with wheat like corn,Oats,Barley  and spices like turmeric, chilli, etc.
The flour mill can also supply the products to nearby cities and towns at profits.
It is a good business and requires limited money but a good electrical connection to start and run the business.

Tutor services
business idea to start a tutoring centre with eligible teachers employed at the centre. It will not only provide employment to qualified local youths but will help people to find a good teaching institute. The business doesn't require much capital and space, and, is a good business opportunity.
 
Small business loan
A small business loan is a  customized loan designed to meet the financial requirements of a small/medium size enterprise. It is collateral in nature and is offered by all financial institutions to eligible borrowers.

Benefits of small business loan:
Some of the benefits of the small business loan are:

There is the flexibility to select from different loan schemes. Government scheme such as CGTMSE even doesn’t need collateral or third-party guarantee.
There is flexibility in the repayment tenure and depending upon the convenience, one can select the EMI option.
The rate of interest in government-backed schemes is low.
It is easy to avail of the loans and the loan amount disbursement is quick.
Eligibility criteria of a small business loan
The eligibility criteria to get a small business loan is:

Age: Minimum – 21 yrs, Maximum – 70 yrs
Nationality: Indian nationals
No case of default with any financial institutions
Bank statements of last 12 months
Income tax returns for last two years.

Eligibility criteria of a small business loan
The eligibility criteria to get a small business loan is:

Age: Minimum – 21 yrs, Maximum – 70 yrs
Nationality: Indian nationals
No case of default with any financial institutions
Bank statements of last 12 months
Income tax returns for last two years
Documents required to avail a small business loan:
Dully filled loan application form with KYC documents
Complete business plan
Identity proof: PAN card, Aadhar card, Voter ID, Driving license
Residence proof: Utility bills, PAN card, Ration card
Business registration documents
Income tax returns of last two years
All kinds of license and required permits
Procedure to apply for a small business loan
The procedure to apply for a business loan is very simple and is defined below:

1: Check the eligibility criteria before applying for the small business loan.

2: Fill in the application form and submit it with all the required documents mentioned above.

3: Once the documents are verified after you submit it, the loan is sanctioned and funds transferred to the borrower’s account.





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