Overview
Plastic drums are widely used for storing liquids, chemicals, and various other products across different industries. The manufacturing of plastic drums involves the use of
high-density polyethylene (HDPE), a durable plastic material. As the demand for
packaging materials continues to rise, plastic drums are essential for the safe transport and storage of liquids.
Scalability & Profitability
The plastic drum manufacturing business has high scalability potential as it serves a variety of industries, including
chemicals,
pharmaceuticals,
food and
beverages. Profit margins can vary from
15% to 25% depending on the production volume and operational efficiency.
Eligibility Criteria
- Facility Setup: Requires plastic molding machinery, extrusion lines, and shaping equipment.
- Regulatory Compliance: Must adhere to safety standards for storage and transport of materials.
Where You Can Apply for Subsidies
- National Manufacturing Policy: Provides support for setting up plastic molding and manufacturing units.
- MSME Schemes: Financial assistance for machinery, raw materials, and working capital.
Project Cost & Subsidy
The cost for setting up a plastic drum manufacturing unit typically ranges from
INR 15 Lakhs to INR 1 Crore, with subsidies available up to
25% of the project cost.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
