The micro and small scale businesses plays an important role in the overall economical growth of India. Micro Small and Medium Enterprises (MSME) and cottage industries provides intermediary and final products at cheap prices at minimum possible quantities. This fulfils the other end of the chain where high investments and lack of financial support leads to unemployment and poverty. Hence, MSME helps the major portion of the population below the self sustainable living standards of a society.
Therefore, government of India has started many schemes, joint scale programs to empower the small scale enterprises and cottage industries with subsidies and loan facilities. Many cottage industries and micro to small scale enterprises has been benefitted with these life saving schemes and subsidies which helps in Technology Upgradation, Sourcing Machinery, Upscaling business, Marketing at local and global platforms.
To start your own profitable MSME Business you must check the following Profitable Business Ideas for MSME in India.
List of MSME Business Ideas
The following is a list of Profitable Business ideas for MSME in India:
- Pickle and Papad Making
- Mushroom Cultivation
- Animal Feed Production
- Organic Farming
- Poultry Farming
- Fish Farming
- Fashion Boutique
- Embroidery Designing Services
- Print Graphic Designing Services
- Costume Rental Business
- Hand Made Jewellery
- Hand Made Footwear
- Ayurvedic and Herbal Products
- Paper and Jute Bag Manufacturing
- Chocolates and Cake Making
- Packaging Box manufacturing
- Car Wash and Detailing
- Solar Panel Manufacturing
- Battery Recycling Business
- Used Clothing and Waste Recycling Business
- E-Waste Recycling
- 3D Printed Product Manufacturing
- Fitness Center
- Laundary Business
- Coir based Product Manufacturing
- Logistics and Courier Services
- Cold Storage Facility
- Drone Manufacturing and Repair Services
- Garment Manufacturing
- Paper based Disposable Plates and Glasses
- Face Masks and Surgical Gloves Manufacturing
- Oil Extraction and Refining
- Umbrella Manufacturing
- Portable Furnitures like Table and Chair
- E-Vehicle Battery Cleaning and Maintenance Services
- Urban Farming Solutions and Kits
- Leather Goods Manufacturing and Export Business
- Zero Waste Garment Manufacturing
- Used Garment Upcycling Business
- Tiffin Delivery Service
- Healthy-Diet based Meal Delivery Business
- Travel and Adventure Gear Rental services
- Khadi and Handloom Products
- Beauty Salon and Makeover Services
- Print-on-Demand Services
- Digital Product Development Services
- Ceramic based Product Manufacturing
- Wall Paper Stickers and Art
- Paper Napkin and Tissue Paper Manufacturing
- Dried Fruit Export
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- Bread, Biscuit and Cookies Making
- Farsan and Packaged Snacks Making
- Healthy Snacks for Pregnant Ladies
- Rubber based Products
- Wooden Toy Manufacturing
- Handbags and Purses Manufacturing
- School Uniform Supplies
- Ready to Eat Food Products
- Instant Tea Bags
- Medical Diagnostic Pathological Lab
- Hosiery Products Manufacturing
- Fruit Squashes and Syrups
- Cane Furniture Making
- Spices Grinding & Export Services
- Tomato Paste, Puree, and Ketchup Manufacturing
- Liquid Detergent Manufacturing
- Plastic Container and Storage Tanks
- Baby-Baba Suits / Infant Wear
- Neon Sign Boards Manufacturing
- Cement Roof Tiles Manufacturing
- Solar Lanterns Manufacturing
- Manufacturing and Assembling Electric Weighing Scale
- LED Bulb and Tube Manufacturing
- Aluminium Utensils and Cutlery Items
- Packaged Mineral Water
MSME Businesses that will Boom in Next few years
- Health Tech Solutions
- Virtual Event Planning
- Home Automation Tools, Gadgets and Services
- Elderly Care Services
- Augmented Reality Services in Fashion and Retail sector
- Eco Friendly and Upcycled/Recycled Packaging
- Online Tutoring and Coaching Services
- Co-Living Spaces
- Upcycled Products
- Eco friendly products, etc.
The MSME is the backbone of Indian economy. It generates huge employment and provides support to lakhs of families in urban as well as in rural areas. Skilled as well as unskilled labour are employed which boosts overall growth of a society. They add value to the Indian economy through their valuable contribution to India’s GDP. MSME sector make use of basic technologies and methods which require some innovative skills and minimum cost and risks. This promotes entrepreneurial spirit among workers to come up with different MSME projects.
This also promotes regional growth due to locals being employed in their home town and hence ruling out rural-urban migration problem. As we know these small scale units are highly flexible and adaptable to changing environment, they easily adjust themselves with the changing market demand.
Based on their role towards nation building and development, government has issued many schemes, training programs, incentives, loan/credit schemes, technology upgradation programs, etc.
