Introduction
Punjab is a state in northern India with a population of over 29 million people. It is known for its rich culture, history, and agriculture. The state has a growing thrift and a young population, which makes it an attractive place to start a business.
In this blog, we will explore the 20+ best business ideas in Punjab in 2023. So, whether you are a seasoned entrepreneur or an aspiring one, stay tuned as we show the best business ideas to tap into Punjab’s likely and make a mark in this land of endless choices.
If you are looking for a business ideas in Punjab, here are 20+ ideas to get you started:
Benefits of having business ideas in Punjab:
- Punjab is a growing thrift with a large population.
- The state has a good infrastructure and a skilled crew.
- The state offers some incentives for businesses.
- Punjab is a famous tourist destination, which can provide firms with options to tap into the tourism need.
Why Amritsar for Small Businesses?
Amritsar is the largest city in Punjab and is a major tourist goal. It is also home to some small businesses. Some of the reasons why Amritsar is a good place to start a small business include:
- Low cost of living: The cost of living in Amritsar is rather low, which can help to drop the startup costs of a business.
- A large pool of potential clients: Amritsar has a large population, which means that there is a large pool of potential customers for businesses.
- Government help for small firms: The government of Punjab offers some programs to support small businesses, such as tax breaks and loans.
Top 20+ business ideas in Punjab
Here are 20+ business ideas in Punjab that you can start in 2023:
1. Healthy Crop: An Organic Produce Store
Punjab is known as the “wheat bowl of India” and has a long form of farming. Organic farming is a fast trend in India and Punjab is well-positioned to capitalize on this trend. It’s One of the most profitable business ideas in punjab.
Organic farming is a way of farming that does not use synthetic pesticides, herbicides, or fertilizers. This goal of farming is more sustainable and viable than formal farming plans.
Organic food is becoming growingly famous in India, and Punjab is ever. You can start an organic crop store by sourcing fresh, local produce from farmers.
2. Green Grocer: Farm-to-Home Delivery Service
Another way to capitalize on the growing need for organic food is to start a farm-to-home delivery service. You can partner with local farmers to offer fresh, organic produce to buyers’ homes.
3. ChillMart: Warehouses & Cold Storage Facilities
Punjab is a main farming producer, and there is a growing need for holds and cold storage to store food. You can start a business by building or leasing warehouses and cold storage.
4. Punjab Marketplace: Online Product Retail Platform
The internet is a great way to reach a wider audience and sell yields. You can start an online store to sell products that are popular in Punjab, such as organic food, clothing, and jewelry.
5. Milky Way: Dairy Parlour and Fresh Milk Supplier
Punjab is a main dairy producer, and there is a growing need for dairy yields. You can start a dairy parlour by selling milk, yogurt, cheese, and other dairy yields.
6. meat and poultry store.
Punjab is also a main meat and poultry producer. You can start a meat and poultry store by selling fresh, local meat and poultry.
7. Drop shipping business.
Drop shipping is a business model where you don’t need to carry any stock. When a customer places an order, you simply forward the order to a supplier who then ships the product now to the buyer. This is a great business plan for people who are just starting out or who don’t have a lot of capital to fund.
8. Seed and Feed Store
Punjab is a main farming producer, and there is a growing need for seed and feed stores. You can start a seed and feed store by selling seeds, fertilizer, and other farming stores.
9. Farm Equipment Leasing Services
Another way to help farmers in Punjab is to offer farm equipment lease. You can lease tractors, harvesters, and other farm supplies to farmers.
10. bakery.
Punjab is known for its tasty food, and a bakery is a great business idea. You can sell bread, cakes, pastries, and other baked goods.
11. catering services.
Catering services are in high need in Punjab. You can offer catering services for weddings, birthdays, and other events.
12. Confectionery Boutique
Another famous business in Punjab is a confectionery shop. You can sell sweets, chocolates, and other confectionery things.
13. Desi Delights: Traditional Punjabi Cuisine Dhaba
A dhaba is a roadside restaurant that serves traditional Punjabi food. You can open a dhaba in a popular place to attract patrons. It’s One of the most successful business ideas in Punjab.
14. Phulkari Tales: Phulkari Handicraft Business
Phulkari is a traditional Punjabi embroidery that is known for its tough designs. You can start a firm by selling Phulkari products, such as clothing, bags, and home decor.
15. Thrifty Finds: Upcycled and Vintage Boutique
Thrift stores are famous in Punjab because they offer cheap clothing, furniture, and other items. You can start a thrift store by collecting donated items and selling them at a discounted price.
16. Wheat Flour Mill:
Punjab is a major producer of wheat, which means that there is a large need for wheat flour. You can start a wheat flour mill by purchasing a wheat mill and hiring employees.
17. Micronutrients:
Punjab is a main producer of fruits and vegetables, which means that there is a large demand for micronutrients. You can start a business by extracting micronutrients from fruits and vegetables and selling them to businesses and people.
18. Biscuit Business:
Punjab is a main patron of biscuits, which means that there is a large need for biscuits. You can start a biscuit trade by buying a biscuit factory and hiring employees.
19. Transport Trade:
Punjab is a main transport hub, which means that there is a large need for transportation services. You can start a transport business by buying trucks and buses and hiring drivers.
20. Woolen Industry:
Punjab is a main producer of wool, which means that there is a large need for woolen yields. You can start a woolen industry by buying wool and hiring employees to make woolen yields. It is one of the creative business ideas in Punjab.
21. Tourism:
Punjab is a main tourist goal, which means that there is a large need for tourism services. You can start a tourism business by purchasing a tourist lodge or hotel and hiring employees to provide tourism services.
Business Ideas for Other States:
| Kolkata | Mumbai |
| Kerala | Gujarat |
| Assam | Bangalore |
| Odisha | Pune |
Government Schemes for Small Businesses in Punjab
The Punjab state has some schemes in place to help startups. These schemes include:
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Seed funding:
The state provides seed funding of up to ₹3 lahks to startups. This grant can be used for the validation of ideas, prototype development, assistance towards travelling costs, carrying out field/market research, skill training, trade, and initial moves to set up a startup. Seed funding to startups is routed via state/centre realised incubators.
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Fiscal incentives:
The state feeds fiscal pushes to startups, such as exemption from stamp task, roll fees, and electricity task. It also feeds a refund of 25% of lease rental grant to just startups, based in the state, running from incubators/IT parks/industrial clusters or any other told zone.
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Incentives for incubators:
The state offers incentives to incubators, such as a grant of ₹1 crore per incubator, to set up and use incubators in the state. It also fits a refund of 50% of the cost of setting up an incubator to just incubators.
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Access to mentors:
The state provides access to mentors to startups via its Startup Punjab program. Mentors are skilled experts who can provide guidance and support to startups in areas such as trade growth, marketing, and finance.
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Access to market linkages:
The state provides access to needed links to startups via its Startup Punjab plan. Market linkages can be in the form of government contracts, procurement choices, and intros to potential clients.
The Punjab state is committed to promoting entrepreneurship and creation in the state. The startup schemes that it has in place are created to provide startups with the help and support they need to succeed.
Here are some of the benefits of the startup schemes that the Punjab state offers:
- Access to grant: The seed funding and fiscal incentives can help startups to raise the capital they need to get started.
- Access to mentors: The access to mentors can help startups to get advice and guidance from skilled experts.
- Access to need links: The access to market linkages can help startups to find clients and grow their business.
If you are a startup in Punjab, you can take edge of the startup schemes that the government offers to help you succeed.
Conclusion
Punjab is a state with a lot of potential for businesses. The state has some benefits, including a growing thrift, a large population, a good infrastructure, a skilled workforce, and a state that is supportive of firms. If you are looking for a place to start a business, Punjab is a great choice.
There are many business ideas in Punjab that you can start in 2023. With hard work and faith, you can succeed in any business you choose.
