As we know that the number of govt jobs in Kashmir is shrinking with every passing day, so it is very necessary for the Kashmiri youth to look for other alternatives, to have a decent life.
Recently, the Centre for Monitoring Indian Economy (CMIE) reported that the unemployment rate in J&K is 21.6 percent, which is the worst among states/Union Territories in India, so you cant wait for the eternity to get a govt job. In addition, the number of govt posts advertised in Kashmir is very small and the number of applicants is very huge, so it becomes imperative for the Kashmiri youth to look for other options.
Keeping in mind the above facts, we are going to share with you a list of 12 profitable and low investment Business Ideas that you can start in Kashmir and become a job giver rather than a job seeker.
The Business ideas, that we are providing you today are low investment and high profit business ideas. They are discussed below:
1. Dairy Farming Business Idea
Dairy farming is a very lucrative business idea in Kashmir. Here, the demand for milk is very high and it is increasing with every passing day.
Dairy farming is emerging as an important sector in the economy of Jammu and Kashmir and has since years played an important role in the socio-economic upliftment in the region.
White Revolution has already helped other parts of India a lot and it has the potential to make an invaluable contribution to the agri-economy of the Kashmiri people.
Dairying is an all profit business, as every product produced by it has a huge demand in Kashmir, be it the milk, cow dung, or the calves.
Jammu and Kashmir is producing around 70 Lakh litres of milk perday and the demand for milk is almost double of it. Keeping in mind the production deficit. you can jump into the business and make best of it.
You dont need much capital to start a dairy farm as there are many govt schemes that can help you in this regard. The govt of Jammu and Kashmir has started Dairy Entrepreneurship Development Scheme (DEDS), under which it provides 2 cows to the applicants. In addition, you can avail subside as much as upto 50% under other schems of JK Govt.
In addition, Govt of Jammu and Kashmir is encouraging the dairy farmers of Jammu and Kashmir to start cooperatives on the lines of AMUL. Govt has also sought help from AMUL in helping the dairies of Jammu and Kashmir to scale up their business and it has agreed to do so.
Pros Of Dairy Farming
- Evergreen business
- High in demand
- Very profitable
- Subsidies by government
Cons Of Dairy Farming
- Cows are vulnerable to diseases.
- Basic training required
- Requirement of vast space
- Tough maintenance.
2. Cab Service Business Idea
Do you think of a nightlife or a late night journey at a place like Kashmir, which shuts with the sunset because of the prevailing conditions here. Since, Kashmiri roads look deserted after the sunset and people here prefer small vehicles over the larger ones, so it will be profitable for you to jump into the cab business. It is a going to be a very unique business idea in Kashmir.
Who does not want a quick and a comfortable journey. If you don’t have too much capital but have a car, you can register with any car aggregator like UBER partnership programme and earn money. The good news is that UBER is coming to Srinagar this year.
If you have a good amount of capital or have the good aggregator skills, you can start your own cab business and provide livelihood to hundreds of youth.
3. Diaper Manufacturing Business Idea
Disposible Diaper is the main product that has revolutionised the baby care industry. It is a never out of fashion business as people have started becoming health conscious which has in turn made them have a healthy and hygienic lifestyle.
The Diaper manufacturing business has a huge market potential and a very strong position in the present market as it is used in almost every other household in a good quantity. The strong point about diapers is that it is one among few such products that is used across various age groups like infants, kids and elders. So this is going to be the best manufacturing business in kashmir.
If you think that diaper business is a well saturated business with no scope for the newbies, then you are wrong. Yes, to establish a diaper manufacturing unit and succeed, you will need to chalk out a sound business plan, which shall involve studying the varities of diapers and demand for each variety.
If you make use of good quality raw material, do good packaging and marketing, you will surely carve out a space for your busines.
4. Travel Guide Business Idea
The state of Jammu and Kashmir is endowed with mesmerising beauty, which attracts lakhs of tourists, both foreign as well as national, every year. These tourists enjoy spending time here.
Make your own “Tourist Service Aency” and give it a good and a catchy name. Make its detailed website and prepare a list of services that you can offer to the tourists. The services should include arrangements for stay, guidance, and company to various trekking sites.
To be a successful travel guide, you will have to equip yourself with proper skills, which shall include communication skills, management skills, social etiquettes and decision making skills.
The job of a travel guide is both challenging and interesting. You will enjoy exploring new tourist destinations and interacting with people from different backgrounds, while earning a lot of money. But, at the same time, you may at times, face difficulty in ensuring the safety of the tourists and handling customer services.
The perks of being a travel guide are that you will be able to avail free hotel stays and free food, develop rapport with the hoteliers and get a chance to live a life full of adventures.
So, working on this low investment business idea in Kashmir is going to be a very good choice for you.
5. Mushroom Cultivation and Processing Business Idea
Mushrooms are a very nutritious food rich in proteins, fiber and minerals. It is being cooked almost in every household in Kashmir on one or the other occasion. If you explore the market, you will find that there is a huge demand for mushrooms in Kashmir. This is a golden opportunity for the unemployed youth of Kashmir to explore.
The benefits of mushroom cultivation business are that it does not require much space, efforts and time. You can ideally start from a space of 250 Square feet and earn around 20000 rupees per month. What makes it more lucrative is that you will start earning just in the first month of the commencement of your business as this crop does not take too much to be ready.
If you have some spare space at your home , you can start this business by an investment of just 40000 Rupees. An element of care, however, is that you will have to ensure that you can regulate the temperature and hygiene of your cultivating space.
The added advantage of Mushroom Cultivation Business is that you can get assistance from the govt of Jammu and Kashmir, if you don’t have enough capital with you.
|Mushroom Farming (Why)||Mushroom Farming (Why not)|
|Low investment Business||Crop vulnerable to diseases|
|High in demand||Basic training required|
|Very profitable||Requirement of vast space|
|Subsidies by government||Tough maintenance especially temperature regulation|
6. Business Related to Agriculture and Horticulture
Horticulture and agriculture are the mainstay of Kashmiris, and being a Kashmiri, you can very easily start a business related to horticulture and agriculture.
There are different ways to do horticulture and agriculture related business in Kashmir and they are:
- Lavender and rose farming. These two flowers are in high demand owing to the rising demand in the perfume industry. You can also get subsidy from the government in this case under JK Mission Aroma.
- Starting a flower nursery. Here, you will sell the flower saplings, as people love to decorate their courtyards.
- Opening an online store, where you will sell Kashmiri original saffron, almonds etc.
- Production of agriculture and horticultural produce like crops, fruits and vegetables. It can be done only if you have a piece of land.
- Buying and selling of crops, fruits and vegetables. It is very profitable in nature.
- Opening a fertilizer and pesticide shop. This is a very hot business but for this you will require a license.
- Running a shop where you can sell the machinery and equipment related to the agriculture and horticulture.
7. Online Educational Services
This is one of the very suitable business ideas in Kashmir for the educated youth of the UT. Everyone, be he the poor or the rich, wants to give the best education to his children. So, if you have a capacity to teach, this business is going to earn you huge profits.
In this business, you can provide the following facilities to the students;
- Online tuition.
- Online doubt solving sessions and problem solving facility to the students.
- Guidance to the parents how they can prepare their children for the upcoming exams.
- Assignment completion and writing facility.
- Project completion and guidance related to projects.
- Essay writing and home work completion.
8. Customised Gift Items
This is a very new business idea and it has a very high demand in the market. Who does not want to send gift items to his/her near and dear ones, especially the customized gifts to deepen the relation.
It is a very low investment, yet very profitable business. The machinery for this business costs not more than 15000 Rs and you dont need to have any high level skills to operate this business.
You can run the business of customised and personalised gift items in the following ways;
- Open a shop, where you can make and sell customised gift items like cups, t shirts, pillow covers, plates, mobile covers etc.
- You can also run this business in an online mode by starting a website, where you can sell the customised objects.
- You can also run a gifting service, where you will deliver the beautifully packed gifts across India to the people on behalf of others.
9. Poultry Farm Business
This is the most profitable and high in demand business idea in Kashmir.
Kashmir consumes around 3 Lakh Kilograms of chicken daily and you can very well guess the demand for chicken and other poultry products. If you have a budget of around 30000 INR and a space of around 400 square feet, then you are good to kickstart this business.
Poultry farming is a very profitable business and every item produced from it, is in high demand in the market. The good point is that you start earning right from the first month of the operations.
You can diversify your poultry farming by introducing new exotic varieties of chicken like Kadaknath, which sell at a very high cost. Even the Kadaknath eggs are 8 times costlier than the common egg.
Before you start your poultry business, make sure that you get some basic training and rope in the chicken vendors in your locality.
Check Complete Article on Poultry Farming.
10. Blog on Tourist places and booking services
If you are a bit adventurous and good at writing, then this business idea is for you. You can make a list of unexplored tourist places and then help people explore them. To do so, you will put your services online and allow people to book your services and in this way, you can get a good income.
To run this business smoothly, you will require to collaborate with;
- the cab service providers.
- the hiking service providers.
If this business kicks off, you will see the famous brands wanting to collaborate with you. In addition, you will also get the opportunity to visit the famous hotels and places of India free of cost.
11. Pickle and Jam Making Business
Kashmiri people love pickles and jams, and if you are good at marketing, then this business can be of immense help to you.
To start this business, you will require very little investment and it can start generating profits right from the first month.
A good point about this business is that all the raw materials like vegetables, fruits, bottles are readily available in every market of Kashmir.
To start with, sell your products to your relatives and friends first and then approach the restaurants and grocery shops. Make sure that you maintain the quality of your products to stay longer in the business.
12. Milk Collection and Distribution
This is perhaps the easiest business to do in Kashmir.
Can you think of a single household in Kashmir, where milk is not consumed. It is used to make Kashmiri tea, Lipton tea and cheese apart from other delicacies. Due to it, milk is in very high demand in Kashmir. Another reason behind high demand for milk in Kashmir is that no of cows and buffaloes here is decreasing but the population of humans is increasing.
You can start milk collection business in Kashmir simply by following the steps given below;
- Go to some villages in your area and talk to them. Motivate them to sell milk to you.
- Get a load carrier, milk containers and a lactometer.
- Visit the villages early in the morning to collect the milk. Don’t forget to check the specific gravity of the milk everywhere.
- Now start distributing it to your consumers in the nearby town, and you will reap good profits.
The net profit margin in milk collection and distribution business is around 25%. Another reason, why you should start this business is that you will be free after 11:00 AM, and you can do any other job in the rest of the day.
These were the twelve most profitable business ideas in Kashmir for the year 2023 We hope that you might have found this article interesting and the above mentioned business ideas useful.
Also Check: Best Low Investment Business Ideas
Also Check: Top 10 Business Ideas For Rural Areas
FAQs On Business Ideas In Kashmir
There are various businesses that you can do in Kashmir, but the most profitable is the one that is related to tourism industry. As lakhs of tourists visit Kashmir every year, so if you have any tourism related business, you can earn huge profits.
If you have an initial capital of Rs 50000 with you, you can start many businesses in Jammu Kashmir. Some of those businesses are customized gifts business idea, poultry farm, online tutoring business, flower plant nursery business, jam and pickle making, tiffin service business and photography business.
Ten Lakh rupees is a very decent capital to start a business in Jammu Kashmir. With this much amount in your hand, you can start a travel agency, a dairy farm, a poultry farming business, mushroom farming business, diaper manufacturing business, cab service business, a coaching business etc.