Rice Mills Seeking Loan

The business is in the pre-revenue phase and plans to start a rice mill. - The revenue model will be based on B2B rice sales. - The mill is expected to generate INR 2 crore annually at full capacity. - The business is a sole proprietorship with GST registration.

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.

Business trading & manufacturing in food grain & bakery products based at Balrampur. - Manufacturing capacity is 200 tonnes daily. - Currently supplying to 15-20 clients who are wholesalers. - The promoter has over 10 years of experience in this industry.