Business Ideas in Agriculture Sector

Raipur, January 24: In a bid to promote startups and innovators in agriculture and allied sectors in Chhattisgarh, two incubation centres have been inaugurated at the Indira Gandhi Krishi Vishwavidyalaya (IGKV) in Raipur. The inauguration was done virtually by Chhattisgarh Chief Minister Bhupesh Baghel on Saturday. During the event, Baghel said every university in the state should establish incubation and manufacturing hubs to promote new business ideas.

Here’s how the incubation centres will help agri startups in Chhattisgarh:

The incubation centres will provide infrastructure, technology, financial and business networking assistance to budding innovators and entrepreneurs in the agri-biotechnology and agriculture sector, a public relations officer of the IGKV said.

The Chief Minister underlined the role of youth across the state ‘Gadhbo Nava Chhattisgarh’ (create a new Chhattisgarh) campaign and said all educational institutions should work towards developing entrepreneurial skills in youth. The Biotech Incubation Centre and Agri-Business Incubation and Production Centre was inaugurated to mark the birth anniversary of freedom fighter Netaji Subhas Chandra Bose.

Baghel also laid the foundation stone for a new building of the biotech incubation centre, which is a part of the biotechnology park, a joint project of IGKV Raipur and state Agriculture department, he said. The project will be completed in two phases, the official said.

In the first phase, the new building of the incubation centre will be set up at a cost of Rs 30 crore in the university campus in the next two years, where 23 companies will be provided facilities for their offices and labs, he said. They will also be given technical and business networking guidance.

Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector

One of the most important and reliable source of income of millions of people in India is agriculture. Various families have been involved in agriculture and related activities from generations. The business of agriculture and farming has evolved from being a source of subsistence to one of the biggest commercial activities in the country. Apart from providing employment and income to people who are directly involved in it, agriculture also ensure employment generation through various allied activities such as transportation, warehousing, construction among others. Home Business Ideas: 4 Brilliant Work From Home Ideas That You Should Consider Taking Up.

Today agriculture is not merely restricted to harvesting and sowing of crops, rather the sector has diversified and incorporated various other activities. Here are five profitable business ideas related to the field of agriculture –

Ornamental Flower Business

One of the most profitable and low cost businesses in agricultural sector is of growing and selling ornamental flowers. They are used as decorations in almost every celebration and have a strong demand all over the year. From birth anniversaries, marriages to get-togethers, flowers are used as decorations in personal and professional celebrations. Apart from celebrations, ornamental flowers are used for gifting purposes as well. Start-up this business would cost merely Rs 30,000 to Rs 40,000.

Nursery Business

Another business stemming out from agriculture is starting a nursery and selling plants. As more and more people are growing eco-friendly and environment conscious, they are buying plants and sapling for their homes and offices, thereby providing a good business to the nurseries. A fair knowledge about the various species of plants and their growth requirements is, however needed to start and sustain the nursery business. COVID-19 Impact: 5 Tips to Help Your Businesses Recover from Coronavirus Pandemic.

Organic Fertilisers

As people are becoming more environmentally conscious they are moving away from chemical and synthetic fertilisers towards organic and natural ones. Starting an organic fertiliser business is also very profitable and simultaneously contributes towards the conservation of the precious natural resources. Farmers are increasingly taking up organic farming, government is also encouraging traditional and eco-friendly methods of agriculture therefore producing and selling organic fertilisers is a sure shoot success venture.

Organic Vegetables/Fruit Supplier

An offshoot of organic farming, organic vegetables and fruits are in huge demand all over the country. People are drifting away from processed and packaged foods and looking forward to consuming more natural and organic vegetables and fruits. The demand for organic food products have surged over the last few months. Various restaurants and hotels also look out to but fresh and organic vegetables.

Online Grocery Store

Though not directly related to agricultural practices, but a grocery store does use the finished products from framing as its goods. People now prefer to buy anything online and avoid going out. Opening a local grocery e-store and providing fresh vegetables and fruits to people will prove to be a profitable venture. All one has to do is make an app, contact some local vegetable, fruits vendors and establish a delivery network.

Agriculture and allied activities still employ more than half of the population in the country. Starting a venture in this sector is mostly budget friendly and ensure profits to the entrepreneur. These are all season business and ensure steady and regular stream of business.