Want to launch a business under ₹5 lakh? It’s definitely possible! Starting a business doesn’t always demand a lot of capital. India is a diverse and growing market, which makes it entirely possible to set up a profitable venture within a ₹5 lakh budget. All you do is get the right idea, plan strategically, focus on market demand, and offer high-quality services.
Discussed below are the 5 best business ideas under ₹5 lakh that have the ability to achieve high growth. Also, learn the role of quick business loans in turning these opportunities into successful ventures.
1. Online reselling business
India’s e-commerce market is expected to reach $325 billion by 2030, and you can enter this business without a hefty cost. A ₹4 lakh to ₹5 lakh investment obtained through a business loan online is enough to stock up on wholesale products and begin reselling them. You can even set up a website for online bookings, launch marketing campaigns, and hire a small team to handle orders and customer queries.
2. Pet care business
With the pet care industry expected to cross₹10,000 crore by 2028, starting a pet care business could be highly profitable. You can offer services like pet grooming, pet boarding, or pet training. With a budget under ₹5 lakh, you can cover the cost of renting a small facility, premium grooming equipment, pet food supplies, initial staff salaries, marketing campaigns, and necessary licences or permits.
3. Cleaning services
Given the increasing awareness of hygiene, especially post COVID-19, the demand for professional cleaning services has grown significantly. For under ₹5 lakh, you can launch a cleaning business targeting homes, offices, and commercial spaces. The startup costs would primarily include high-quality cleaning equipment, supplies, staff salaries, marketing, licensing, and office setup.
4. Disposable paper plate and cup manufacturing
The transition towards biodegradable alternatives has created a huge market opportunity. With about₹5 lakh, you can easily set up a small manufacturing unit for disposable paper plates and cups. Initial costs will include machinery (plate and cup-making machines), raw materials (paper pulp), and packaging. The demand for these products is high, especially in restaurants, events, food stalls, and catering services.
5. Catering
Catering requires minimal infrastructure, as the investment mainly goes into kitchen equipment, raw materials, staff, packaging, licences, marketing, and maintaining food safety and hygiene standards. With the rising demand for customised meals at weddings, corporate events, anniversaries, and parties, this business offers great potential to become profitable. You can grow your business and reach more clients through targeted marketing with social media, influencers, and event planners.
Secure a quick business loan of ₹5 lakh to fuel your ambitions
Want a collateral-free loan of ₹5 lakhfor your business at an affordable rate and flexible terms? Opt for the IndusInd Bank Quick Business Loan and bring your entrepreneurial plans to life. The product comes with multiple benefits that make it an ideal option for business owners, such as:
Lightning-fast disbursal: Receive the loan amount in under 20 minutes, depending on your creditworthiness, and act quickly on new opportunities.
Disbursal in existing account: Most banks make it mandatory to open a current account for loan disbursement. However, with IndusInd Bank, you receive funds directly in your existing account.
100% digital process: No more physical paperwork and bank visits are required as this loan process is 100% online.
No GST hassle: Borrowing ₹5 lakh or below? You won’t need to provide GST.
Apply for a quick business loan with IndusInd Bank today! With a competitive rate, your ₹5 lakh loan interest per month remains low, which means easier repayments and no financial pressure.
Key takeaways
Starting a business under ₹5 lakh is entirely possible with opportunities in various sectors. These include online reselling businesses, pet care services, cleaning services, disposable plate manufacturing, and catering.
To succeed, focus on detailed planning, providing quality service, and effective marketing tailored to your target audience. Most importantly, consider the backing of a business loan to cover initial expenses and grow your venture strategically.
