Honey is one of the oldest sweeteners on earth and very fondly termed as “the nectar of the gods” because of its rich contribution to humankind since ancient times not only as a nutritional product but also in health as traditional medicine. Natural Honey is an excellent source of numerous nutritional ingredients including vitamins, minerals, calcium and antioxidants. Honey benefits include helping in preventing acid reflux, relieving cold and cough symptoms, fighting infections and many more. The threat of COVID-19 infection has made people realise the true potentials of natural honey because of its anti-microbial and anti-inflammatory properties. Drinking a glass of water with honey and lime has become the practice for millions of households. With more and more people becoming health conscious, honey seems to have replaced sugar in most Indian households, restaurants and cafes.

Based on the area under cultivation in India and bee forage crops, India has a potential of about 200 million bee colonies as against 3.4 million bee colonies today. Considering the potentiality of honey and honey products, The Govt. of India has allocated 500 Crores towards Beekeeping under Atma Nirbhar Abhiyan for National Beekeeping & Honey Mission (NBHM) for three years (2020-21 to 2022-23) to enhance engagement of farmers in the sector of honey and wax production. The entire focus of the central government is now on local manufacturing local products and small industries though the government has been encouraging honey production on a large scale to increase employment in rural areas. In view of the above, there are tremendous market potentialities in setting up of low-investment Honey Processing unit anywhere in India since Honey is a highly consumable item used for nutritional, medicinal and industrial purposes. Interested promoters may initiate networking with the Bee-keepers/Farmers of the local area and tie-up with them for supply of pure natural honey from the forests continuously on regular basis.

The proposed project is that of setting up of Honey Processing Business unit at the proposed location. The potential target customers and market for the proposed set-up would comprise of the customers of local Retail Stores, Departmental Stores, Convenience Stores, Supermarkets/ Hypermarkets, Restaurants, Hotels, Canteens and Online Stores etc.  

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                     :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1.    Project at a Glance

2.    Highlights of the Project

3.    Project Introduction

4.    The Project Proposal

5.    The Products and its Uses

6.    Prospect for Investment

7.    Potential Target Customers/Market

8.    Market Entry Strategy

9.    Process Details and Technical Aspect

10. Installed and Operational Capacity

11. Quality Control and Standards

12. Raw Materials and Consumables

13. Power and Utility

14. Tentative Implementation Schedule

15. Basis & Presumptions

16. Capital Investment Estimates with Detail Project Economics

17. Computation of Working Capital Requirement

18. Estimated Total Project Investment

19. Proposed Means of Project Financing

20. Estimated Annual Sales Turnover

21. Projected Profitability Statement

22. Calculation of Interest Amount

23. Depreciation Schedule

24. Term Loan Repayment Schedule

25. Debt Service Coverage Ratio

26. Break-Even Analysis

27. Projected Cash Flow Statement

28. Projected Balance Sheet

29. Internal Rate Return

30. Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

LIST OF ANNEXURES

1.   Basics of Food Processing Business

2.   Indian Food Processing Industry- Current Scenario and Recent Govt. Initiatives

3.   Statutory Permits and Business Licenses required for the Project

4.   Beginner’s Guide to Start the Project

5.   Smart Tips to Identify Suitable Project Location

6.   Critical Success Factors in Food Processing Business and

7.   Marketing Strategy and Promotional Ideas to Boost the Sale of the Business.

LIST OF ENCLOSURES

ENCLOSURE-1: READING MANUAL FOR HONEY PROCESSING BUSINESS, PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-2: E-BOOK ON PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

ENCLOSURE-3: LATEST LIST OF “ONE DISTRICT ONE PRODUCT” (ODOP) FOR 713 DISTRICTS OF 35 STATES/UNION TERRITORIES UNDER PMFME SCHEME, MINISTRY OF FOOD PROCESSING INDUSTRIES, GOVT. OF INDIA.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.