Industry Overview
Automobile rubber beading is a vital component used in
doors,
windows, and other parts of vehicles to seal gaps and prevent dust, water, and noise from entering the vehicle. With the rise in the demand for
automobile production and
aftermarket automobile parts, the rubber beading business is growing rapidly. The automotive sector’s focus on
comfort and
energy efficiency continues to boost demand for high-quality rubber beading products.
Scale and Profitability of Industry
This business can be started on a
small scale and has high profitability, especially if manufacturers focus on
high-quality,
durable rubber beading for both
OEMs (original equipment manufacturers) and
after-market needs. With the growing demand for
automobile production, the business holds immense potential for profit.
Subsidy Opportunities
Manufacturers can apply for
PMEGP,
MSME, and
Technology Upgradation Fund for financial assistance in purchasing machinery and setting up production units.
Eligibility Criteria
- MSME registration is necessary.
- Compliance with automotive safety and quality standards.
Project Cost and Subsidy
- Project Cost: ₹3 Lakhs to ₹8 Lakhs.
- Subsidy: Up to 50% subsidy under government schemes for eligible applicants.
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!
