Rice Mill Seeking Loan in Patna, India

- The rice mill is located in Patna and processes approximately 1,000 metric tons of rice every month, serving the states of Bihar, West Bengal, and Uttar Pradesh.
- With a peak operational season from November to June, the rice mill caters to the increased demand during this period, indicating a strategic approach to managing production and distribution. The factory was not operating at full capacity last year, and has now increased its current capacity.
- The business has a network of 200 distributors who are responsible for selling the rice, predominantly in 25 kg packaging, to the local markets across the three states.
- The company holds a crucial document in the form of a No Objection Certificate (NOC) from the government, certifying its compliance with regulatory standards. Additionally, it is also registered under the Goods and Services Tax (GST) for its operations.
- Operating in the rice milling industry, the business has a significant workforce, employing 50 individuals, highlighting its contribution to employment generation in the region.
- The geographical reach of the business across Bihar, West Bengal, and Uttar Pradesh underscores its penetration into key markets, offering potential for further expansion and growth.
- The company's distribution model, relying on a network of distributors, presents opportunities for scalability and market penetration, indicating a well-structured sales and distribution strategy.