30 Lucrative Agriculture Business Ideas For Indian Rural Entrepreneurs To Try In 2021
India has been largely dependent upon agriculture for its livelihood. Despite the recent technological advancements, it is still one of the most important sectors of our economy and a major contributor to our GDP. With this in mind, we have compiled a list of 30 lucrative agricultural business ideas that Indian rural entrepreneurs can try their hand at in 2021. Read on to find out what they are and how you can make the most of them!
Introduction to Agriculture Business Ideas in India
In India, the agricultural sector is one of the key pillars of the economy. The sector employs more than 54% of India’s workforce and contributes around 17% to the country’s GDP.
The sector is also a major contributor to India’s exports, with agricultural products worth over $39 billion being exported in 2018-19.
Despite its importance, the agricultural sector in India faces several challenges. One of the main challenges is the fragmented landholding which leads to low productivity.
Another challenge is the lack of access to quality inputs and services, which constrains farmers’ ability to increase their productivity and incomes. In addition, farmers are often at the mercy of weather conditions, which can lead to crop failures and loss of income.
Despite these challenges, there are still many opportunities for entrepreneurs in the agricultural sector in India. In this article, we will list some lucrative agriculture business ideas that rural entrepreneurs in India can try.
30 Lucrative Agriculture Business Ideas For Indian Rural Entrepreneurs To Try In 2021
Indian agriculture is in a state of flux. The government’s decision to demonetize high-value currency notes has dealt a body blow to the rural economy. Farmers are struggling to get their hands on cash, and many are resorting to distress sales of their produce.
But even in these difficult times, there are opportunities for enterprising rural entrepreneurs. If you’re looking for some lucrative agriculture business ideas to try out in 2021, here are a few that could be worth your while:
- Dairy farming: India is the world’s largest producer of milk, and the dairy industry is expected to grow at a compound annual rate of 6% between 2016 and 2021. This presents a big opportunity for those looking to get into dairy farming.
- Poultry farming: The poultry industry is also growing rapidly in India, with an expected compound annual growth rate of 9%. This makes poultry farming another promising business opportunity for rural entrepreneurs.
- Aquaculture: Fish farming is another sector that is expected to see strong growth in the coming years. India is the second-largest producer of fish in the world, and aquaculture is expected to grow at a compound annual rate of 7% between 2016 and 2021.
- Organic farming: With more and more people becoming health conscious, there is increasing demand for organic food items. This presents an opportunity for those looking to get into organic farming.
- Horticulture: Horticulture is another
- Dairy Farming
Dairy farming is a very lucrative agriculture business idea for Indian rural entrepreneurs to try. India has the world’s largest cattle population and is the world’s largest producer of milk. Dairy farming can be done on a small scale with just a few cows, or on a large scale with hundreds of cows. Dairy products are in high demand in India, and there is a growing market for organic and grass-fed dairy products.
Dairy farming requires a lot of land and good grazing pasture. Cows need to be fed a nutritious diet and have access to clean water. They also need to be sheltered from the elements. Dairy farms can be labor-intensive, so it is important to have enough workers to help with milking, cleaning, and other chores.
The first step in starting a dairy farm is to choose the right location. The climate should be suitable for raising cows, and there should be plenty of grazing pasture available. The next step is to purchase some dairy cows. It is important to buy healthy cows from reputable breeders. Once the cows are purchased, they need to be vaccinated and given regular check-ups by a veterinarian.
Dairy farmers need to have a good business plan in place before starting their farm. They need to decide what type of products they want to sell, how much milk each cow will produce, and what price they will charge for their products. It is also important to create a marketing plan to make sure that customers know about the
- Organic Fertilizers Manufacturing
Organic fertilizers are an important part of sustainable agriculture. They help to improve soil health and reduce environmental pollution. There are many different types of organic fertilizers available on the market, but they can generally be grouped into three main categories: manure, compost, and green manure.
Manure is any solid or liquid waste material that can be used as a fertilizer. It is typically made from the excrement of animals, but it can also come from plants or other organic matter. Common animal manures include chicken manure, cow manure, and pig manure. Manure can be applied to crops directly, or it can be composted first to improve its quality.
Compost is another type of organic fertilizer that is made by breaking down organic matter. It can be made from anything that was once alive, including leaves, grass clippings, and food scraps. Composting accelerates the decomposition process and results in a nutrient-rich soil amendment that can be used to improve plant growth.
Green manure is a type of organic fertilizer that uses living plants to add nutrients to the soil. The most common type of green manure is cover crops, which are planted in between crop rotations to prevent erosion and improve soil health. Green manures can also be made from animal waste products such as poultry litter or horse manure.
- Poultry Farming
Poultry farming is a great way to get started in the agriculture business. It is a relatively low cost business with a high potential return on investment. There are many different types of poultry farms, from small family operations to large commercial businesses. Poultry farming can be done on a small scale, with only a few birds, or on a large scale with hundreds or even thousands of birds.
The most important thing to remember when starting a poultry farm is to have a good business plan. This will help you determine the best way to start and operate your farm. You need to consider the type of poultry you want to raise, the amount of space you have available, and the costs associated with starting and running your farm. Once you have all of this information, you can start looking for customers and marketing your products.
Poultry farming is a great way to provide fresh, healthy meat for your family or community. With proper planning and execution, it can be a very successful and lucrative business venture.
- Food Processing
The Indian food processing industry is one of the largest in the world with a turnover of US$ 39.51 billion in FY18. The industry comprises organized and unorganized sectors. The organized sector includes large, medium and small enterprises while the unorganized sector comprises petty manufacturers and home-based workers.
The food processing industry is an important contributor to the Indian economy as it provides employment to millions of people and contributes to the country’s exports. The industry has immense potential for growth due to the vastness of the Indian market and its increasing population.
Some lucrative business ideas for rural entrepreneurs in India are:
- Food Processing:
With a large population to cater to, there is a huge demand for processed food in India. This presents a great opportunity for rural entrepreneurs to set up food processing units. There are various food items that can be processed such as fruits, vegetables, milk, meat, etc. - Organic Farming:
With an increasing awareness of the importance of eating healthy, there is a growing demand for organic products. Entrepreneurs can start organic farms and supply these products to supermarkets or sell them online. - Dairy Farming:
Dairy farming is another lucrative business idea for rural entrepreneurs in India. With a growing population and an increasing demand for milk and milk products, there is a great opportunity for growth in this sector.
- Animal Feed Production
Animal feed production is a lucrative business opportunity for Indian rural entrepreneurs. The demand for animal feed is growing, due to the increasing popularity of livestock farming. Animal feed can be made from a variety of ingredients, including grains, oilseeds, and legumes.
There are a few things to keep in mind when starting an animal feed business. First, you will need to obtain the necessary licenses and permits from the government. Second, you will need to find a good location for your factory or processing plant. Third, you will need to source high-quality raw materials from suppliers.
If you are looking for a profitable business opportunity in the agricultural sector, then animal feed production is a good option to consider. With the right planning and execution, you can start and grow your own animal feed business successfully.
- Mushroom Cultivation
Mushroom cultivation is one of the most lucrative agriculture businesses that Indian rural entrepreneurs can try. The demand for mushrooms is increasing day by day, due to their nutritional value and health benefits. Moreover, they are relatively easy to grow, and do not require much space or investment.
If you are planning to start your own mushroom cultivation business, then here are a few things that you need to keep in mind:
- Firstly, you need to select the right type of mushrooms to cultivate, depending on the climate and soil conditions of your region.
- Secondly, you need to prepare the substrate or growing medium in which the mushrooms will be cultivated. This can be done by mixing different types of organic matter like straw, sawdust, compost, etc.
- Once the substrate is ready, it needs to be sterilized in order to kill any harmful bacteria or fungi present in it. This can be done by boiling it in water for at least an hour.
- After sterilization, the substrate needs to be inoculated with mushroom spawn or seeds. This can be done by placing the spawn on top of the substrate and covering it with a layer of moistened straw or paper bags.
- The inoculated substrate needs to be kept in a dark and humid place until the mushrooms start growing. Once they start appearing, they need to be harvested immediately so that they do not over mature and become tough.
- Floriculture & Landscaping
In India, there is a huge demand for flowers, both for decorative and religious purposes. Floriculture is a very lucrative business option for rural entrepreneurs. Landscaping is another area where there is good potential for growth. With the increasing popularity of eco-tourism, more and more people are looking for ways to make their surroundings more beautiful and sustainable.
- Bee Keeping & Honey Production
In recent years, beekeeping and honey production have become increasingly popular in India. This is due to the fact that honey is a valuable commodity with many health benefits. Moreover, it is relatively easy to start a beekeeping business and the costs are relatively low.
Beekeeping can be a very lucrative business venture for rural entrepreneurs in India. There is a large demand for honey in the country and it is often used as a natural sweetener or remedy for various ailments. Honey production can be done on a small scale, making it an ideal business for rural entrepreneurs.
To get started in beekeeping, you will need to purchase some hives and bees. You will also need to make sure that you have access to open spaces where the bees can collect nectar. Once you have your hives and bees, you will need to care for them and harvest the honey when it is ready.
If you are interested in starting a beekeeping business, there are several things that you need to keep in mind. First of all, you need to make sure that you have the proper equipment and supplies. You will also need to find a good location for your hives. Furthermore, you need to be aware of the dangers of bee stings and take appropriate precautions.
- Agricultural Equipment Rental Services
There are many different types of agricultural equipment that can be rented out to farmers and other rural entrepreneurs. Some common examples include tractors, combines, harvesters, and other large machines. This type of business can be very lucrative, as there is a constant demand for these types of services.
One of the best things about starting an agricultural equipment rental service is that you can often get started with very little capital. You will need to invest in some basic equipment, but you can typically find used equipment for a fraction of the cost of new equipment. This allows you to keep your overhead costs low and maximizes your profits.
Another benefit of starting an agricultural equipment rental service is that it provides you with a steady stream of income. This type of business is not seasonal like many other businesses in the agriculture industry. This means that you can count on a consistent flow of customers throughout the year.
If you are looking for a way to start your own business in the rural areas of India, then an agricultural equipment rental service is a great option to consider. With a little bit of research and planning, you can be up and running in no time and start generating a healthy profit.
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