Inflation is increasing every year, posing challenges for many individuals to meet their daily needs. It is essential to have an additional source of income or a successful business. However, starting a business requires passion, hard work, and financial investment.

Times have changed, and in this digital era, starting a business does not necessarily require a large capital. There are numerous business ideas that can be pursued with a low investment. This article aims to share the top 10 business ideas that require an investment of under 20 lakhs.

Top 10 Business Ideas Under 20 Lakhs

Fast Food Restaurant

If you are unsure about which business to start, opening a fast-food restaurant can be a great decision. This business can be started with less than Rs 20 lakhs in India, and it has a high likelihood of success. People are always in search of delicious and healthy food, making a restaurant that offers a variety of options extremely appealing. The demand for fast food has significantly increased, making it a lucrative investment.

Pet Grooming Business

People love their pets and are willing to spend money to keep them well-groomed. The number of pet owners has significantly risen in recent years, as owning a pet has become a popular hobby and a symbol of style. Pet owners prefer professional groomers who can ensure the health and well-being of their pets. Therefore, investing in a pet grooming business can be a profitable idea.

Digital Marketing Agency

In the digital age, businesses are increasingly looking to strengthen their online presence. A digital marketing agency can help businesses establish a strong presence on social media and achieve viral success in a short period of time. By hiring experts in digital marketing and setting up a well-equipped office, you can start a digital marketing agency with less than 20 lakhs.

Mobile Shop

Mobile phones have become an essential part of our lives, serving as a source of information and entertainment. When a mobile phone gets damaged, people either repair it or purchase a new one without hesitation. Consequently, opening a mobile shop can be a profitable business venture. The demand for mobile phones is consistently high, making it an ideal investment with less than 10 lakhs.

Footwear Manufacturing Business

Footwear is a necessity for people of all ages. Whether it’s for parties, office wear, or everyday use, the demand for footwear is endless. Starting a footwear manufacturing business can be a profitable idea under 20 lakhs. With high market potential, this business can quickly become profitable.

Bakery

The demand for homemade baked goods is on the rise. If you have a passion for creating quality products for various occasions, opening a bakery shop can be a lucrative business idea. Different quality baked products are sought after for different occasions, presenting a high-profit potential for bakery shops. This business can be started with an investment of less than 20 lakhs.

Car Rental Business

Success stories of individuals starting a car rental business and achieving success within a year are prevalent on the internet. Setting up a car rental business is simple, requiring only a vehicle that can be rented out. Before starting, ensure you have obtained the necessary permits and permissions. If there is a lack of car rental services in your area, this business could be an ideal opportunity.

Beauty Salon

The beauty industry in India has experienced significant growth in recent decades. Both men and women of all ages partake in beauty services. Urbanization, rising income, and an increase in the working population all contribute to the success of beauty salons. Opening a beauty salon can provide substantial returns and can be initiated with an investment of less than 20 lakhs.

Daycare Centre

A daycare centre provides care for children while their parents are at work or otherwise occupied. Daycare services follow a set schedule and typically include food and structured activities for children. Unlike babysitting businesses, daycare centres require a license from the state. Starting a daycare business with an investment of less than 20 lakhs is feasible.

Travel Agency

If you have a passion for travel, starting a travel agency can be a lucrative business opportunity. The travel industry is substantial, with people seeking travel experiences both within India and abroad. Starting a profitable travel business with an investment of less than 20 lakhs is realistic when managed effectively.