Best business idea for village, are you looking for this answer? to create an inredible wealth for you, then you are reading the right article.

Read this complete article. Then you can start your own business with little investment, and it can build incredible for you.

But do remember, every business has risk.

And managing the risk is the key to the success of any business.

What is the best business idea for village?…

The best business idea for village, which I am talking about, is a monthly interest business.

In addition, in villages, banks will not give personal loans to the people.

And banks may give gold loans or loans against land only.

Also, banks will not give home loans to the village people.

As a result of this, these people will rely on private finance or private loans.

Now a days, small finance companies are giving small loans to the village people.

In spite of that, the demand for the private loans is still there in the villages.

One more thing is that this Monthly Interest business can be set up near by small factory outlets, poultry, etc.

Where you will get access to small income earners, earning say Rs. 10,000 to Rs. 15,000.

How much interest can you expect from the business?…

Here in this interest business, you can expect to collect interest ranging from Rs. 4 to Rs. 10, depending on the demand.

However, always keep in mind that these loans are completely unsecured and default risk is very high.

How much capital is required for this business?…

The capital required for this monthly interest business is just 3 lakh to 5 lakh only.

In addition, if you have larger capital, then this segment of people is not ideal for you.

And its better for you to target other income-level people.

What are the steps to follow for doing this interest business? …

a) First, identify the prospective borrowers who are looking to borrow money.

b) Try to lend female only. Because women tend to be more honest than men.

c) And ask the borrower to pay the monthly installment of Rs. 1,400 if you have lent Rs. 10,000 to the borrower.

In addition, ask them to pay Rs. 1,400 for 10 months.

So, for lending Rs.10,000, you will get Rs.14,000, i.e., principal Rs.10,000 plus Rs.4,000 in ten months time.

What will be the rate of return in this interest business? …

In the above, you can find the rate of return is 116%, which is quite good for this business.

In addition, any rate of return above 20% is good.

Important things to remember in doing this interest business?…

If your capital is 3 lakh, then do not lend more than Rs. 5,000 to a single borrower.

Always, you should not lose your capital in this business at any time.

In order to safeguard your capital, you always should follow the rule of not lending a single borrower more than Rs. 5,000.

In doing so, in case of some defaults also, your capital will be safe and your business will run smoothly.

Before starting this business, try working as a collection agent for the existing interest business owners for a few months.

Finally, do not completely depend on this business and have a secondary business or job for you.

How much profit will you get from this interest business? …

You need to again lend the installment collected to a new borrower, keeping in mind the existing borrower should not be lended again until he repaid his/her full loan.

In the above image, you can see that the capital in the business after 12 months will become approximately 5 lakh.

If you see the above image, after 36 months, i.e., after 3 years, your total capital in the interest business will be 12.8 lakh.

But, as I said earlier, there will be some defaults too in this business.

So, you can assume your capital after defaults to be 10 lakh.

How to create one crore wealth by doing interest business in 13 years? …

Before reading this article also, you may have seen many people lending money in a big or small manner.

And after reading my article, you may have understood the rate of return from the business.

In addition, these lenders will fail one day if they continue to reinvest the interest again in the business for the new borrowers.

and interest business is a high-risk business. You cannot control it once the capital in it reaches something like 20 lakh or more.

As the segment you chose is a low-income or poor segment.

In addition, your goal should not be doing crores of business.

Your goal must be accumulating crores of wealth.

i.e., one crore for yourself in low-risk asset classes.

Because anything can happen at any time in your life.

If that happens, there may be no one to take care of the business in your family.

Hence, its better not to reinvest the interest collected from the 4th year onwards.

Instead, keep two boxes at home.

And deposit the principal and interest separately in those boxes daily.

And every month, deposit the money collected as interest in a savings bank account.

In addition, the profit or interest every month will be around Rs. 40,000.

And you should invest this initial amount in a sip of equity mutual fund for 120 years. i.e. for 10 years.

Moreover, do not think about investing this money in real estate.

In the above image, you can see that the wealth accumulated is 1 crore.

In addition, the investment made per month is Rs. 40,000.

And the number of months is 120.

Finally, the rate of return is 12% pa.

So, it is very clear for you that you can create one crore wealth in 13 years of time.

But always keep in mind that you need to follow all the points that I have mentined in this article about managing risk, like not losing capital, etc.

Read an article about different types of loans in India.

Also read that Why insurance agents will become poor?

Again, read the article, Why hiding tax is not easy now?

Read, Why Tithe will make you poor?

Also, Pay Zero tax on your white money.