The place is very beautiful and is referred to as “the abode of gods” or “the heaven on earth” but it is not only a tourist destination but also a very good ground for business ventures. These qualities, as we can see, make a lot of sense in the fact that the region is naturally endowed with natural resources, cultural heritage, and strategic locations and, therefore, has the potential to offer business opportunities that can be profitable and sustainable.
For any local person who wants to be an entrepreneur or any outsider who has been enamored by the economic potential of the region of Kashmir, there are many fields with many opportunities waiting to be explored.
This article indicates the 20 best business ideas in Kashmir and the capital to be used, assets to be deployed, and percentage of profit to be expected.
About Kashmir
| Category | Details |
|---|---|
| Location | Northern part of the Indian |
| Capital | Srinagar |
| Population | 12.5 million (as of 2021) |
| Languages | Kashmiri, Urdu, Dogri, Hindi, Punjabi, Pahari, Ladakhi, Balti, and Shina |
| Religion | The northern part of the Indian |
| Major Rivers | Jhelum, Indus, Chenab, and Tawi. |
| Key Tourist Attractions | Dal Lake, Mughal Gardens, Gulmarg, Pahalgam, Leh, Nubra Valley, Zanskar Valley, and Vaishno Devi. |
| Economy | Agriculture (apples, saffron, rice), handicrafts (pashmina shawls, carpets), tourism, and horticulture. |
| Main Cities | Srinagar, Jammu, Leh |
Why Start a Business in Kashmir?
Doing business in Kashmir can be very rewarding for the following reasons. The region has not been fully explored in terms of business and growth and has natural resources as well as cultural endowment. There are multiple Business Ideas in Kashmir, But before investing in any of them, you must know why choosing Kashmir could be great for you.
Well, Despite facing challenges related to political instability and limited infrastructure, the region of Kashmir offers an array of economic advantages:
- Untapped Market: The economy of Kashmir is not wholly developed, and there remains great potential for various industries and ventures: tourism, agriculture, handicrafts, and others.
- Natural Resources: It has rich agricultural fields to exotic products like saffron and, therefore, the production and manufacturing units like agriculture and industries, etc.
- Cultural Heritage: Kashmir is a place that has a rich culture of handicrafts, art, and traditions, which are a part of its economy. The business opportunities in Kashmir sectors can be exploited in the local and international marketplace.
- Growing Infrastructure: However, with the betterment of infrastructure and communication facilities, the situation for doing business in Kashmir is gradually getting better.
- Government Support: The government has launched several initiatives to assist the growth of entrepreneurship in the region, such as funding and grants.
Key industries and sectors contributing to Kashmir’s economy
Key sectors that you can check out as finding the best business ideas in Kashmir:
- Tourism and Hospitality: One of the most significant contributors to Kashmir’s economy. Key areas include adventure tourism (skiing, trekking), eco-tourism, religious tourism (Amarnath Yatra), and heritage tourism.
- Agriculture: It is called the Backbone of Kashmir’s rural economy. Essential products of Kashmir include apples, saffron, walnuts, almonds, and cherries.
- Handicrafts: Kashmir is known globally for its rich tradition in crafts. Pashmina shawls, carpets, Papier-mâché, and walnut wood furniture are famous products.
- Silk and Textile Industry: It is a historical part of Kashmir. Famous products are silk sarees, scarves, and fabrics.
Top 20 Business Ideas in Kashmir
1. Handicrafts Manufacturing
It is one of the best business ideas in Kashmir. Products with international appeal include Pashmina shawls, hand-made carpets, hand-made paper products such as the Kangri, and the like, which are famous handicrafts of the state of Kashmir. Entrepreneurship idea: beginning a handicrafts manufacturing unit as the demand for handmade products continues to rise.
This venture can depend on the local tourists and, at the same time, export the products to other countries by using talented workers and quality materials. Marketing the products through social media platforms can also enhance sales and thus fortify the profits of traditional products. Starting a handicraft jewelry business could be an option in this profile. But you must check out the required resources and make a plan before starting it.
Required Resources: Skilled artisans, raw materials like wool and silk
Why It’s a Good Business:
- High Demand: Kashmiri woodwork, paper-mâché objects, carpets, and shawls are well-liked by travelers and export markets.
- Skilled Workforce: Traditional craft specialists reside in the area, making up the artisans’ workforce. This skill set offers a strong base for high-caliber output.
- Global Market: Effective branding and online sales can increase the reach of these products to consumers worldwide.
- Sustainable Sourcing: An eco-friendly company model can be developed by using wool and raw materials readily available in the area for pashmina items.
2. Dairy Business
Dairy farming thrives in Kashmir because of the region’s favorable climate conditions combined with rich land and ample water resources. The Indian dairy market shows a 6.2% CAGR forecast for growth to ₹30 lakh crore by 2027. Launching a small dairy farm demands an investment of between 5 to 15 lakhs rupees for 5 to 10 high-yield cattle alongside farm infrastructure and essential equipment.
Each dairy animal produces 15-20 liters of milk daily resulting in farm-fresh milk sales at ₹50-60 per liter. A properly managed farm operation generates monthly income between ₹1-2 lakhs with profit margins reaching 25-35% of total revenue. Prolific dairy farms that create cheese and butter and ghee products can boost their earnings by selling organic dairy products at raised prices in urban and tourist locations. This makes dairy farming one of the promising Business Ideas in Kashmir.
Required Resources: Cows or buffaloes, fodder, farm equipment
Why It’s a Good Business:
- Growing Demand: In India, there is a growing need for organic dairy products and milk.
- Local Consumption: Dairy products are a mainstay in the diets of the area and offer a steady market.
- Value Addition: You can grow into producing yogurt, cheese, and ghee, which are more expensive.
3. Dry Fruit Processing
Dry fruits such as almonds, walnuts, and apricots emerge as among the world’s best production in Kashmir. By 2026, the dry fruits market is expected to surpass $21 billion while premium Kashmiri dry fruits will hold prices 15-20% above other market products. The business of dry fruit processing requires steps to clean and grade the high-value products before completing packaging and marketing activities.
The startup costs for processing equipment along with storage facilities and packaging materials start between ₹10-25 lakhs. The dry fruits industry demonstrates profit ranges between 30% and 45% while branded packaging produces enhanced profitability. This sector receives supplemental backing from government export promotion schemes, making it one of the lucrative Business Ideas in Kashmir.
Required Resources: Processing equipment, packaging materials, storage
Why It’s a Good Business:
- Huge Profit Margins: Due to their premium pricing, saffron, walnuts, and almonds can have large profit margins.
- Global Demand: Kashmiri dry fruits and spices are highly demanded worldwide due to their exceptional quality.
- Minimal Investment: Compared to other industries, this one may be started with comparatively little money, especially if you start by purchasing from nearby farmers and wholesalers.
4. Poultry Farming
Poultry farming delivers swift financial returns in Kashmir because the entire region demonstrates rising requirements for eggs and chicken meat. Starting a farm that includes housing equipment and initial stock and 500-1000 birds requires an investment range of ₹3-10 lakhs. Through modern breeding practices, chickens become egg producers at 5-6 months of age and generate 300 annual eggs per bird.
The local egg market pays ₹5-7 per unit and the local chicken meat market pays ₹180-220 per kilogram. Proper disease control combined with excellent feeding practices enables farms to reach profit margins between 25-35%. Rural areas demonstrate low levels of competition while maintaining year-round customer demand, which makes the industry suitable for small business ventures. This makes poultry farming one of the promising Business Ideas in Kashmir.
Required Resources: Chickens, feed, coops, veterinary care
Why It’s a Good Business:
- High Demand: Daily consumption of eggs and chicken meat guarantees a steady demand.
- Fast Returns: Because chickens develop quickly, poultry farming provides quick returns.
- Scalability: You can grow as demand increases and start small.
5. Saffron Farming
Kashmir cultivates some of the planet’s highest quality saffron through the distinctive Kashmiri variety of Crocus sativus, which displays exceptional aromatic characteristics and therapeutic properties and sensory attributes. Saffron ranks among the world’s most valuable agricultural commodities because its price reaches between ₹1.5-3 lakh per kilogram in global markets. To start saffron farming, an investor needs ₹8-15 lakhs per acre to buy corms, prepare the land and set up irrigation systems, and must have specialized knowledge and suitable land conditions.
A properly managed saffron farm can generate annual profits between ₹4.5-12 lakhs from 3-4 kg of yield per acre due to its labor-intensive harvest season with 50-70% profit margins. Kashmiri saffron receives high market prices because of its GI designation, while the National Saffron Mission offers both training and monetary backing to local growers, making saffron farming a lucrative Business Idea in Kashmir.
Required Resources: Land, saffron corms, skilled labor
Why It’s a Good Business:
- Speciality Items: Kashmiri saffron is recognised for its quality and authenticity due to its GI (Geographical Indication) classification.
- Expanding Market: Natural and organic items that are connected to the area are in constant demand.
- Government Schemes: The governments of India and Jammu and Kashmir support and subsidise the saffron and apple industries.
6. Tourism
Tourism is one of the most suitable business ideas in Kashmir due to its natural endowments and preserved cultural and historical sites. Due to increasing tourism in the area, new business opportunities include the establishment of travel companies, homestead accommodation services, and trekking companies. Starting a travel agency in Kashmir could be a game-changer for you.
Businesses that start a tour operation or open a hotel or resort need to invest an initial capital ranging between ₹5-10 lakhs for a small tour company and ₹1-5 crores for a medium-sized hotel or resort. The Kashmir tourism sector has demonstrated robust recovery following recent difficulties as annual visitor statistics grow at 15-20% and daily tourist spending reaches ₹5,000 to ₹8,000 per day.
Small tourism businesses located strategically can generate 30-50% profits during the peak season between April and October, while adventure tourism, eco-tourism, and wellness tourism exhibit the strongest development potential. This makes tourism one of the most promising Business Ideas in Kashmir.
You must check out our detailed blog on how to become a travel agent.
Required Resources: Accommodation facilities, marketing, partnerships with local guides
Why It’s a Good Business:
- Scenic Beauty: Visitors are drawn to the charming lakes, valleys, and snow-capped mountains throughout the year.
- Adventure Sports: The popularity of sports like river rafting in Lidder River, trekking in the Himalayas, and skiing in Gulmarg is rising.
- Pilgrimage Tourism: The tourism industry benefits from the millions of pilgrims that Vaishno Devi and the Amarnath Yatra draw annually.
- Untapped Potential: There is still a lot of untapped potential in the eco-tourism and wellness retreat sectors.
9. Event Management
Event management in Kashmir is expanding rapidly because clients increasingly seek expert services for weddings, corporate events, and cultural festivals. High-end weddings and retreats choose the region because of its stunning natural settings. The launch of an event management business requires at least ₹5-15 lakh rupees for essential equipment combined with promotion and staff expenses. Premium wedding planning companies typically charge between ₹2-10 lakh per event, while corporate events typically fall within ₹1-5 lakh based on their size and additional needs.
Competing companies with established capabilities achieve profit margins between 25% to 40% through resource utilization of local markets and effective vendor collaborations. The business receives recurring clients through referrals, strengthening its prospects to plan destination weddings for clients from major Indian cities and abroad. This makes event management a lucrative Business Idea in Kashmir.
Required Resources: Event planners, decor, vendor networks
Why It’s a Good Business:
- Eco-friendly Appeal: There is a market for eco-friendly paper goods due to growing environmental concerns.
- Handmade Market: The arts, crafts, and stationery markets are big fans of recycled and handmade paper.
- Simple-to-obtain: raw materials include scrap paper, cotton rags, and wood pulp.
10. Fisheries
Fish farming thrives in Kashmir due to its clean water bodies, which are especially beneficial for valuable trout species. Fresh fish demand in the region shows annual growth of 12-15%, while high-end fish types reach prices between ₹500-800 per kg. A medium-sized fish farm requires between ₹8-20 lakhs to establish through the construction of ponds, setup of hatcheries, and equipment purchase. Well-run trout farms using their optimal production capabilities can harvest between 2 and 3 metric tons of fish per acre each year, resulting in revenues between ₹10-24 lakhs and profit margins of 30-45%.
The business receives multiple benefits from government fisheries development subsidies, as well as technical assistance from regional departments and increasing hotel and restaurant purchases. The region’s suitable climate and water quality provide competitive advantages to cold-water fisheries, making fish farming one of the promising Business Ideas in Kashmir.
Some capital outlay is needed in ponds, hatcheries, and feed, but this business is profitable and sustainable when it is up and running. Of all fish farming, trout farming is one of the niche markets that tends to be very lucrative.
Required Resources: Ponds, fish feed, hatcheries
Why It’s a Good Business:
- Good Environment: Kashmir’s climate is ideal for cold water fisheries, particularly trout rearing.
- Demand: There is a significant demand for fresh fish both locally and internationally.
- Government Assistance: Businesses engaged in fish farming are eligible for subsidies and other rewards.
11. Content Agency
The digital content field in Kashmir shows promising market potential because businesses continue to require superior content to advertise through multiple digital channels. An agency specializing in Kashmir-specific cultural and tourism content can serve customers throughout the world.
A content agency startup demands small capital investments (between ₹3-8 lakhs) which covers equipment such as computers and software and team members consisting of writers and designers and videographers. Travel content creation and digital marketing for local businesses form the basis of this service offering which brings in monthly fees between ₹25,000-1,00,000 for each client.
Operating expenses reduce profits but businesses can still achieve margins between 40% to 60%. The business enjoys affordable operating costs combined with flexible remote work opportunities and rising global interest in genuine Kashmir content from publications and tourism companies and digital platforms.
Required Resources: Internet connection, software, a skilled team
Why It’s a Good Business:
- Growing Demand: Companies constantly need high-quality material; digital content is essential for marketing.
- Scalability: As demand increases, you can grow from a small initial clientele to a larger one.
- Remote Work: By running the company entirely online, overhead is minimized.
12. Silk Business
The region of Kashmir maintains an extended history of silk manufacturing, which makes Kashmiri silk objects famous because of their superior craftsmanship and quality standards. The global silk market forecasts approximately $20 billion in revenue for 2025, and premium handcrafted silk products will dominate the high-end price segment. To start a silk production venture, you must invest between ₹15-30 lakhs for mulberry cultivation, silkworm rearing facilities, and weaving equipment.
A medium-sized silk production unit generates between 100 and 200 kg of raw silk annually and creates finished products from fabric to garments valued at between ₹5,000-20,000 per meter. The profit margin for integrated operations, which manage production and manufacturing, stands between 35% and 50%.
The business takes advantage of government support, including sericulture development programs and export incentives, alongside growing domestic and international demand for natural sustainable textiles. This makes silk production one of the lucrative Business Ideas in Kashmir.
Required Resources: Silkworms, mulberry plants, skilled weavers
Why It’s a Good Business:
- Rich Tradition: For generations, Kashmiri silk has been prized for its superior quality.
- Demand Around the World: Silk is a valuable textile in demand everywhere.
- Versatility: Silk goods, such as sarees, scarves, and fabrics, can be offered in various markets.
13. Electronic Business
The Kashmir electronics retail and repair sector demonstrates robust growth due to modern technology adoption and increasing consumer financial capacity. An electronics business can operate through retail sales alone, repair services, or both, with varying initial investment requirements. Starting a mid-sized electronics store requires funds between ₹15-40 lakhs to purchase inventory and establish the shop while acquiring needed equipment. Most months generate between ₹5-15 lakhs in revenue, with profit margins of 15-25% for sales and 40-60% for repair services.
Through steady demand patterns and various income channels, the business creates potential for e-commerce expansion. The most in-demand product categories are mobile phones, home appliances, and laptops, while premium products show increasing demand within Srinagar and Jammu’s urban districts. This makes the electronics retail and repair business a promising Business Idea in Kashmir.
Required Resources: Showroom, repair tools, trained staff
Why It’s a Good Business:
- Expanding Market: A growing demand for electronics, including computers, smartphones, and accessories.
- Several Revenue Streams: Sales, repairs, and accessories can all bring in money.
- Rapid Growth: As technology advances, new company prospects arise regularly.
14. Agriculture
It is noteworthy that, to date, agriculture has remained the main source of income and economy for the people of Kashmir. Some of the crops that can be grown include rice, maize, apples, and saffron for which the vicinity is most suitable because of the soil and climatic conditions.
Modern farming methods or organic farming can increase yields, and the demand for healthy food products, especially organic food products, is on the rise; hence, farmers will always make their profits. Even more Government subsidies and support contribute to the fact that agriculture is an attractive business.
Agricultural land development and irrigation system setup with quality seed purchases together require an initial financial investment of between ₹5-20 lakhs per acre. Kashmiri apples achieve high prices reaching between ₹60-120 per kg for best-quality varieties and organic vegetable cultivation generates 30-45% returns for producers. The farming sector receives governmental support through funding of modern farming equipment alongside crop insurance and established marketing channels.
Required Resources: Seeds, fertilizers, land, equipment
Why It’s a Good Business:
- Substantial Profit Margins: Due to their premium pricing, saffron, walnuts, and almonds can have large profit margins.
- Global Demand: Kashmiri dry fruits and spices are in high demand worldwide due to their exceptional quality.
- Minimal Investment: Compared to other industries, this one may be started with comparatively little money, especially if you start by purchasing from nearby farmers and wholesalers.
15. Agro-Based Industry
The food processing, packaging, and cold storage industry is well developed in the region thats why it has become one of the popular business ideas in Kashmir, as it is agro-based due to its large agricultural production. There is great potential in processing and adding value to locally produced agricultural produce, such as fruits for jams, juices, and dried fruits, among others.
Business startups in this sector need investments starting from ₹30 lakhs and extending to ₹2 crores based on business scale and chosen technology. Apple processing operations with mid-level production capacity can handle 5-10 tonnes of daily input while creating juice, jam and dried products which increase value by 30-120% relative to raw material expenses. Well-established operations achieve profit margins that fall between 25% and 40%. Through the food processing mission and export promotion schemes and rising foreign and national market interest in Kashmiri processed products the sector receives government incentives.
Required Resources: Processing equipment, storage facilities
Why It’s a Good Business:
- Rich Agriculture: The area produces apples, saffron, walnuts, apricots, and other high-value crops.
- Worth Addition: Goods get more market worth when processed and packaged.
- Potential for Export: The demand for Kashmiri produce outside the region is rising.
16. Fruit Juice Manufacturing
Fruit juice manufacturing shows significant value-addition potential because Kashmir produces large quantities of apples, apricots, and cherries. Setup costs for a medium-sized juice facility stand at ₹30-70 lakhs to purchase processing equipment, packaging lines, and cold storage elements. A single daily operation of this type handles 2-5 tonnes of fruit to generate 1,500-3,500 liters of premium juice. Premium fruit juices, priced between ₹80-150 per liter, can produce monthly profits of ₹30-60 lakhs in peak season and generate profit margins between 25-35%.
The business benefits from expanding consumer demand for natural, preservative-free juices and access to major Indian cities and international markets, alongside the premium value of Kashmiri fruit varieties. Certification as organic, alongside creative packaging solutions, will increase product worth and market expansion potential, making fruit juice manufacturing a promising Business Idea in Kashmir.
Required Resources: Processing equipment, packaging materials
Why It’s a Good Business:
- High Production: There is a consistent supply of high-quality apples, and the environment is perfect for growing apples.
- Value Addition: Turning apples into jams, cider, or juice boosts their worth and makes goods that may be sold all year round.
- Growing Health Trends: Demand for fresh and organic apple juice is rising as there is a greater emphasis on healthful drinks.
17. Customized Gifts
Kashmir’s customized gift industry combines traditional handiwork techniques with contemporary personalization methods to develop one-of-a-kind products for special events. Kashmiri handicrafts, walnut wood products, and photo-printed textiles are among the most popular merchandise. To launch a customized gift business, an investor must allocate between ₹5-15 lakhs for manufacturing equipment, design software, and raw materials. The business can operate both as a physical store and an online platform, selling products at prices ranging from ₹500-5,000 based on material quality and product intricacy.
The profit margin for this business falls between 40% and 60%, with festival times and wedding seasons creating peak selling periods. The business thrives due to scarce competition in special market areas, increasing gift popularity, and the potential to serve corporate customers in key Indian cities, making it a promising Business Idea in Kashmir.
Required Resources: Raw materials, customization equipment, online store
Why It’s a Good Business:
- Expanding Culture of Giving: Individuals adore personalized, one-of-a-kind gifts for important events.
- High Margins: Personalised presents frequently fetch more excellent prices than non-personalised ones.
- Online Market: You can reach a large audience by using e-commerce platforms.
18. Car Rental Service
The success of Kashmir’s tourism sector has led to extensive transportation requirements, making car rentals an appealing business venture. To start a car rental business, an investment of ₹30-80 lakhs is needed to buy 5-10 vehicles, including economy cars and premium SUVs. Vehicle rental prices fluctuate between ₹2,000-8,000 per day depending on the season and vehicle type, with prices peaking during the tourist season. A well-maintained operation with efficient booking systems, proper maintenance, and skilled staff can yield profit margins of 30-45%.
The steady demand generated by tourism, business travel, and local residential needs ensures consistent revenue year-round. This business also presents expansion possibilities, such as offering chauffeur services, airport transfers, and packaged tours. Forming strategic alliances with hotels and travel agencies can help ensure continued growth and market reach.
Required Resources: Cars, drivers, insurance
Why It’s a Good Business:
- Boom in Tourism: Since Kashmir is a well-liked travel location, there is a steady need for automobile rentals.
- Minimal Overhead: The main expenses are gasoline and maintenance after the cars are bought.
- Range of Choices: Provide a range of car prices, from entry-level to high-end models.
19. Boutique
The combination of traditional Kashmiri clothing alongside contemporary adaptations creates an attractive retail opportunity for boutique shops throughout the region. Traditional Kashmiri garments, such as pherans, embroidered shawls, and fusion wear that combines local embroidery craftsmanship, are popular items in the marketplace. To start a mid-sized boutique business, owners must invest between ₹10-25 lakhs for retail space, inventory, and fixtures. Premium pheran clothing featuring hand-embroidery is priced between ₹5,000 to ₹25,000, while designer shawls range from ₹3,000 to ₹50,000 depending on material quality and embroidery techniques.
Boutiques strategically located in high-traffic areas generate 30-50% profit margins when selling directly to customers, with custom orders and online sales providing additional revenue streams. Strong tourism demand for native Kashmiri clothing, combined with increasing interest in ethnic fashion in urban India and opportunities for exhibition participation in major cities, further strengthens the business outlook.
Required Resources: Tailors, fabric, retail space
Why It’s a Good Business:
- Cultural Influence: Kashmiri traditional clothing, including shawls, pherans, and embroidered items, is rare and highly prized.
- Growing Demand: Traditional and modern fashion are simultaneously in vogue.
- Boost Tourism: When purchasing local fashion items as mementos, tourists are delighted to do so.
20. Paper Making
Kashmir’s traditional paper-making sector draws from the region’s rich history of producing quality handmade paper used for scholarly and artistic purposes. The modern industry, focused on sustainable paper manufacturing using recycled materials and green practices, has seen increasing commercial potential and environmental benefits. To start a small-scale paper-making unit, an investment of ₹8-20 lakhs is required for equipment such as pulp-making machinery, drying tools, and finishing equipment.
The business produces specialized papers catering to artists, weddings, corporate needs, and eco-friendly packaging, with prices ranging from ₹50 to ₹300 per sheet depending on the quality and specifications. With effective marketing and quality control, businesses can achieve profit margins between 35% and 55%. The growing demand for environmentally conscious products, combined with the appeal of premium handmade goods, provides a competitive advantage in markets such as tourism, the arts sector, and corporate clients.
Required Resources: Raw materials, processing equipment, skilled labor
Why It’s a Good Business:
- Expanding Culture of Giving: Individuals adore personalized, one-of-a-kind gifts for important events.
- High Margins: Personalised presents frequently fetch greater prices than non-personalised ones.
- Online Market: You can reach a large audience by using e-commerce platforms.
Key Factors for Business Success in Kashmir
- Market Research: Knowing consumer behavior and trends in the local market is crucial.
- Government Policies: Regularly, government schemes, subsidies, and policies to support regional businesses.
- Infrastructure: Transportation, electricity, and water are critical to the running of any business and should, therefore, be easily accessible.
- Local Partnerships: Some strategies that can help include Cultivating working relations with local suppliers and distributors, making work easy, and convincing.
- Sustainability: Since sustainability is a sensitive area, customers and investors will be attracted to a business that practices sustainable business practices.
5 Pro Tips to Start a Business in Kashmir
- Capitalize on Regional Assets: Leverage the opportunities inherent in the state of Kashmir’s environment to enhance the competitiveness of your business venture.
- Explore Tourism Opportunities: Since Kashmir is known for its beautiful landscape, it is about time to start or diversify the tourism businesses, which seem to always be lucrative in the area.
- Target Global Consumers: Produce universal products like the local handicrafts or the saffron that is popular globally.
- Embrace Digital Platforms: Create a good image on social media platforms, especially for those in handicraft business and service industries. An e-commerce website development also makes it possible to access a much larger market than what is locally available.
- Prioritize Excellence: Stay professional in your products or services regardless of the kind of industry you belong to. High quality will set your products apart from competitors in home and global markets, leading to more sales and customer recommendations.
Government Support and Financing Options
The government has various schemes to promote entrepreneurship in Kashmir, including:
- Seed Capital Fund Scheme: This scheme fills the seed capital gap essential to funding new businesses and start-up companies and bringing their ideas into existence. This support is crucial in the initial stages, where conventional funding sources may not be readily available.
- Youth Startup Loan Scheme: It targets young people, especially youths, to empower them through affordable credit to enhance innovation and business growth in Kashmir.
- Prime Minister’s Employment Generation Programme (PMEGP): This program targets micro-enterprises, providing subsidies to set up small enterprises and create market employment.
- Pradhan Mantri MUDRA Yojana: Pradhan Mantri MUDRA Yojana provides to small traders, wherein the upper limit of the loan amount is ₹10 lakh. This scheme is quite helpful to the informal sector units and micro-enterprises, which may be expanding or are at the initial stages of establishing themselves.
- Stand-Up India: Stand-Up India targets women and SC/ST category loan seekers, offering large loans of ₹10 lakh to ₹ one crore.
Conclusion
It is important that business firms establish themselves in the area to take advantage of the region’s natural resources, culture, and market potential. The various categories of ventures offer many business opportunities, such as tourism, agriculture, handicrafts, and technology, among others. These opportunities allow entrepreneurs to grow and profit from their businesses.
Subsidies and incentives from the government provide additional support and stability to the entrepreneurial environment and allow business startups to be more successful in sustaining their ventures.
New venture creation can also positively impact Kashmir’s socio-economic growth as entrepreneurs invest in businesses. This helps create jobs and acquire skills for the people and enhances the local economy, not to mention the area’s cultural and natural resource endowment.
Kashmir is still unexplored and beautiful. The continuously increasing consumer market makes it suitable for both start-ups and big players. Business people who have invested in it can transform the region and make huge profits for sustainable development.
FAQs
1. It is essential to ask: is it wise to invest in business in Kashmir?
Yes, with increasing infrastructure and government support, the conditions in Kashmir for business are gradually becoming suitable.
2. What would the best business one can start in Kashmir be?
In the future, there is much potential for tourism, handicrafts, and agriculture sectors.
3. What measures must be taken to start a business in Kashmir, and how much capital is needed for this purpose?
Therefore, depending on the business type, investment can cost as low as ₹50,000 and up to ₹10,00,000 or more.
4. Which government policies are available to the businesses in Kashmir?
Some government schemes include PMEGP, Pradhan Mantri MUDRA Yojana, and Stand-Up India.
5. Which business is 100% profitable?
There are so many business ideas in kashmir which can be profitable some of best ideas are: coaching classes or online tuition classes.
