Mudra Loan for Slipper Making Business
Any individual who is able to initiate the business as the small scale basis can truly make progression in the slipper making business. As a matter of fact, slippers making business is considered as one of the successful businesses; for the slipper is one of the essential household consumer goods that is durable and is used by everyone (men, women, and even kids).
Talking of slippers, these are lightweight footwear made up of rubber. The slipper making process is considered as a simple business and happens to be a small scale unit by which one can produce slippers seamlessly. In addition to this, one can even initiate in starting to manufacture some simple machinery as well as rubber sheet for the purpose of main raw material.
Opportunities in Slipper Making Business
Slippers are used both by the urban as well as the rural population in India. While the product comes with potentials of exporting in the country, India has eventually become one of the largest global producers of footwear right after China. It accounts to approximately 13% of the world footwear production that is right close to 16 billion pairs. Other significant importing countries of slipper making business include Germany, USA, France as well as the UK. Slippers are safely known as the Hawai Chappals in India and are close to 10000 crores with per capita consumption which is estimated as 1 pair. In the recent days, slippers are not only a necessity but also have become one of the essential fashion accessories which are available in multiple designs and sizes.
License and Registration in Slipper Making Business
Initiating a slipper making project in a country like India will require every individual registering the firm with ROC. As a matter of fact, a small scale unit is always advised to register with OPC or the LLP format. One needs to apply for the Trade License from the local Municipal Authority and eventually proceed with the SSI Unit registration from the DIC. Additionally, the slipper making business also requires applying for the pollution permission too.
Finance of Slipper Making Business
Speaking generally, there have been two kinds of financial requirements which are involved in making slippers and initiating it as a business. While one of the financial requirements is the fixed capital, the other one happens to be the working capital. As a matter of fact, initiating a small business initiation requires proceeding with angel investment and this happens to be the ultimate and best mode of funding. And one needs to apply the term loan for fixed capital. While on the other hand, in order to satisfy the working capital requirement, one needs to apply for the cash credit or the overdraft facility.
Unit Setup for Slipper Making Business
First off, one needs to prepare the customized project report. For that, one can identify the figure of the capital that one needs. The following things must be kept in mind.
- The type of the machinery suppliers
- The type of the machines that one needs to install
- The place from where one will source the raw materials for slipper making business.
- Fourth, ahead of installing any machinery, one needs to strategically make a proper plan. For that, they will have to arrange utility items such as water resource as well as electric supply.
Ahead of the business, the Slipper making unit involves certain formalities that have been mentioned right below.
- Registration formalities and other formalities
- Land identification as well as acquisition
- The construction work
- The machinery purchasing
- The installation of the machinery purchasing, and
- The trail production
Slipper Making Business and its Machinery
For the desired production output and product specifications, every individual has to initiate with slipper making business. Moreover, they will also have to choose the right machinery very carefully. Some of the main machineries required for the manufacturing of slippers have been mentioned right below.
- The type of stand and table clutch
- Flat bed sewing machine with the inclusion of a motor
- The drilling machine
- The stapling machine
- The combined finishing machine
- Plastic Last
- Various sizes and shapes of the cutting dies
- Hand operated tools and other equipment
Raw Material for Slipper Making Business
For the major raw materials, the slipper making business involves the raw materials like rubber sheet and strap. Individuals who wish to start their business with manufacturing slippers can procure the packaging consumables. In addition to this, one can even procure the raw materials either from the wholesale market which comes locally or directly from the manufacturers.
Process Associated with Slipper Making Business
In the very first place, one needs to obtain the microcellular sheet from the other units. Upon which, one has to give them the respective shape with the inclusion of the cutting machine or mold. One can even obtain straps from other units too. Upon this, one has to fix the straps to the chappals or slippers with the help of the foot operated machine. In order to give the finishing touches, one needs to put the straps in the finishing machine. Upon the quality check of these slippers or the chappals is done, one has to pack them in the polythene bag. Lastly, one needs to dispatch them and sell in to the markets. A chart has been mentioned which might be an effective process to know about the slipper making business.
Rubber Sheet >> Sole Cutting >> Drilling >> Strap Fittings >> Finishing >> Final Inspection >> Packing
In the present days, no specifications pertaining to the quality of slippers have been available. However, for export orders, the specifications have been provided by buyers exclusively. For the export orders, one needs to procure quality raw materials and proceed with the slipper making process eventually.
- Mudra Loan For Poly House
- Mudra Loan for Medical Shop
- MUDRA Loan in HDFC Bank
- What is Car Loan in India