Industry Overview
The
wafer biscuit industry has shown remarkable growth in India due to the increasing demand for
light snacks and
affordable treats. Wafers are light, crispy, and often come in a variety of flavors such as
chocolate,
vanilla, and
strawberry. Wafers are highly popular among children and are often marketed through innovative packaging and branding. The rise of modern retail outlets and supermarkets has significantly boosted the
wafer biscuit industry.
Scale and Profitability of Industry
The
wafer biscuit manufacturing business offers great scalability, from small-scale manufacturing units to large-scale production plants. The industry is highly profitable because of its
low raw material costs (such as
flour,
sugar, and
flavors), and high demand for
affordable snacks. With proper marketing and product differentiation, wafer biscuits can generate significant returns on investment. The global market for wafer biscuits is also growing, adding an export potential.
Subsidy Opportunities
The
PMKSY offers financial support and subsidies for food processing ventures, including wafer biscuits, for
machinery procurement,
infrastructure, and working capital. Additionally,
MSME support is available for small businesses engaged in manufacturing snacks and biscuits.
Eligibility Criteria
- The business must be FSSAI registered.
- The applicant needs to show that they can maintain product quality, meet consumer demand, and ensure profitability.
- Preference is given to businesses that promote innovation or are located in underdeveloped regions.
Project Cost and Subsidy
- Project Cost: The cost to set up a wafer biscuit manufacturing unit can range from ₹8 lakhs to ₹15 lakhs, depending on the machinery and production capacity.
- Subsidy: Under government schemes, businesses can avail of subsidies of up to 50%, depending on the location and scale of the project.
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!
