20 Most Profitable Agriculture Businesses to Start With Government Loan (2024)

If you are planning to start a new business but do not have sufficient funds then don’t worry as the government provides all necessary support in form of loans and subsidies to people.

The Indian agriculture sector is growing day by day and currently, there are more than 100 agriculture businesses that are growing rapidly. In this article, we will talk about the top 20 most demanding agribusinesses in India. Some of these agriculture businesses can be done with very less capital, while others may require huge investment.

20 Best Agriculture Business Ideas:

Here are some of the best agribusinesses you can start with low investment.

Production of Organic Manure:

These days preparing vermicompost and organic fertilizer has become a domestic business. This business can be done in low capital investment, all you need to have is little awareness of its production process.

Fertilizer Distribution Business:

This business can be done easily by people living in small cities as well as rural areas. In the fertilizer distribution business, you have to plan to buy fertilizers from big cities and sell them to rural areas.

Dairy Business:

The demand for milk as well as milk products is always high. Hence, we can say that the dairy business is the most profitable agribusiness in India. To start a dairy business, you need good capital investment and some guidance from dairy experts. But if done with full passion, it gives very good business.

Mushroom Cultivation:

Mushroom farming business can give you more profit in less time. Moreover, it can be done at less expense and with less space. The demand for mushroom has increased these days in hotels, restaurants as well as homes.

Dry Flower Business:

In the past 1 decade, there has been a great increase in the trade of dried flowers. If you have vacant land, you can cultivate flowers in it and dry them and sell them to craft stores or those who are fond of flowers.

Hydroponic Retail Store:

The use of hydroponics/aeroponics technology is very much in demand these days. In a hydroponics system, plants/crops are grown without soil. In this business, you can sell many hydroponics equipment in one place. The investment required will be based on the type of equipment or tools you will keep in your retail store.

Organic Greenhouse:

The growth of the organic greenhouse business is also very good because these days the demand for organically grown products is high. Earlier this business was being done on small scale, but with increasing demand people are now buying land to build organic greenhouses.

Tree Farming:

Tree farming can be a very high return investment when done with a focus on the long-term business. From tree farms, you can earn income by growing as well as selling trees. In this business, you need to have patience as trees take time to grow and due to this the business and its profit will also come late. But it comes under the category of good and profitable agriculture business. Here are some of the Most Profitable Plants to Grow to get your tree farming business

Tea Leaf Plantations:

Due to the increasing demand for tea leaves, a person can earn good profit through this business. But for growing tea leaves, the choice of weather and place is very important. Though investment in this business is more but in return the profit is also high.

Beekeeping:

As many people today have become health-conscious, the demand for honey is also increasing. Hence Beekeeping Business in India is emerging as a profitable agribusiness. However, to start beekeeping you will have to undergo training.

Fruits / Vegetable Exports:

In this business, you just need to buy fresh fruits and vegetables from local farms or farmers and supply them to big cities. The export of fruits and vegetables is a very profitable business with low investment.

Herbs Cultivation:

Growing medicinal plants and herbs is yet another profitable agriculture business. If you have basic knowledge of medicinal plants and you have enough land, then you can easily earn good income from its cultivation. At the same time, the government also offers subsidies for cultivating medicinal plants.

Maize Farming:

Corn or maize has emerged as the most versatile crop. It can be grown under different climatic conditions. By selecting good quality seeds of maize, you will get bumper yield which in return will give you good money.

Goat Rearing:

The goat rearing business is very popular and profitable all across the world due to the high demand for its meat. The best thing is that goat rearing can be done in low capital investment.

Potato Powder Business:

Potato powder is used extensively in the snack food industry. It is now being used in all types of dishes that require mashed potatoes. It is also used in making vegetable gravy and soup. Hence you can think of starting this business.

Spices Processing:

The demand for organic spices is all over the world. We need spices at home also. Its processing and packaging process is not very difficult and can be started with less capital investment.

Vegetable cultivation:

If you have cultivable land and people who can work on it, then you can start growing different vegetables. Good quality and high yields can lead to good profits.

Soybean Cultivation:

Many types of food items like soy milk, soy flour, soy sauce, soybean oil, etc. are prepared from soybean. If you have vacant land, then you can earn a profit by cultivating soybean in it.

Seed Dealer:

You can also start selling good quality or certified seeds. To do this business, some procedures have to be completed. There is no need to invest much capital in it.

Production of Potato Chips:

The demand for French fries and potato chips is constantly increasing all over the world hence you can think of starting a potato chips business. It is a very profitable business that can be started with low capital investment.

Government loans and subsidies

It is important to mention that the government provides loans as well as subsidies for those who wish to start any of these businesses. All you need to do is just visit your bank and apply for a mudra loan. Explain your business plan to the concerned bank official and if everything is fine then you will get loan quickly.

First published on: 18 Sep 2022, 18:33 IST