Industry Overview
Gun metal bushes are used in machinery and vehicles to reduce friction and wear. They are particularly used in
automotive engines,
pumps, and
industrial machinery. The demand for high-quality, durable gun metal bushes is driven by
increased industrial production,
automotive growth, and the need for more
energy-efficient machines. As the manufacturing sector continues to expand, the need for reliable and long-lasting metal bushes increases.
Scale and Profitability of Industry
The business can be scaled from small to large operations, focusing on producing high-quality, durable gun metal bushes. Profitability is strong, as the business caters to the expanding automotive and industrial machinery markets, offering high margins on custom products.
Subsidy Opportunities
Government schemes like
PMEGP,
MSME, and
Technology Upgradation Fund offer subsidies for machinery, raw materials, and plant set-up.
Eligibility Criteria
- Compliance with industry safety standards.
- Business registration with MSME and other relevant authorities.
Project Cost and Subsidy
- Project Cost: ₹10 Lakhs to ₹25 Lakhs.
Subsidy:
Up to 50% subsidy under
PMEGP and
Technology Upgradation Fund.
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!
