17 Best Small Business Ideas in Jharkhand

Jharkhand constitutes a wide variety of natural resources and is one of the richest mineral zones in the world. An attractive destination for tourists and industrialists, Jharkhand offers plenty of monetising opportunities for business owners. The state produces uranium, pyrite and coking coal, thus opening several investment opportunities. All these factors collectively contribute to great business opportunities here that can catapult you to the heights of success.

Read to learn about some small business ideas in Jharkhand that you can begin with low investment.

The prospect for a budding entrepreneur is superb in Jharkhand. However, you require hard work, passion and strategic management skills, apart from managing your fund to establish your business here. If doubtful about where to start, let us find about the top 17 small business ideas in Jharkhand:

1. Digital Marketing

One of the top business ideas in Jharkhand with low investment is to start your digital marketing business. Since Jharkhand is an industrial belt, having several ancillary businesses, the demand for digital marketing is high here. These help businesses to reach their potential customers and increase sales. This small business set-up requires you to build a website. Additionally, you must advertise it to potential customers.

• Investment: ₹1 lakh to ₹5 lakhs
• Resources: You will need a laptop, equipment, stationary, software, a website plan and marketing materials to promote your business.
• Market Demand: The Indian digital marketing market will grow at a CAGR of 32.1% between 2023 and 2028 to reach a value of around USD 24.1 billion (₹1969597200000 approx.) by 2028.
• Profit Margin: ₹45000 to ₹1.5 lakhs monthly

2. Food Delivery

Jharkhand finger-licking dishes are enigmatic to several tourists and locals. If you are good at cooking and want this skill to transform into a profitable business, try an online food delivery business. You can start this from the comfort of your home. To expand your venture, launch a mobile app/website through which people can place orders.

• Investment: ₹50000 to ₹1 lakh
• Resources: You will require vegetables and spices, kitchen equipment and tools, storage facilities, packaging and delivery, etc. Moreover, build a website and develop marketing materials to advertise your business.
• Market Demand: The Indian online food delivery market will reach US$ 118.2 billion (₹118200000000 approx.) by 2028, exhibiting a CAGR of 27.8% during 2023-2028.
• Profit Margin: ₹40000 to ₹ 1 lakh monthly

3. Labour Outsourcing Centre

There are several large- and small-scale industries established in Jharkhand. Due to this, there is a demand for skilled, semi-skilled and unskilled workers. You can capitalise on this requirement by starting a labour outsourcing centre. You can source labourers on a contractual basis for various industries. The commissions are high if you can ensure a sustained supply of dedicated workers.

• Investment: ₹2 lakh to ₹5 lakhs
• Resources: You will require a laptop or desktop, stationery, permits to handle the business, an office space (or you can start from home), a website, and a marketing strategy.
• Market Demand: Indian human resource outsourcing market was valued at USD 94.36 million (₹7714533000000 approx.) in 2022 and is projected to grow at a CAGR of 25.06% during the forecasted years.
• Profit Margin: ₹1 lakh to ₹1.5 lakhs monthly

4. Online Teaching

The list of small business ideas in Jharkhand will not be complete without the mention of online teaching. If you love teaching, start your online teaching centre from home. You can create online courses on the subjects in demand and build a website.

• Investment: ₹30000 to ₹1 lakh
• Resources: You will require a laptop/desktop, stationery, software, a website plan, a trained team of teachers and a marketing strategy to promote your online teaching business.
• Market Demand: The global online education market size will reach USD 198.9 billion (₹16249761000000 approx.) by 2030, growing at a CAGR of 23.12%.
• Profit Margin: ₹50000 to ₹3 lakhs monthly

5. Document Preparation Centre

Jharkhand being an industrial hub has famous industrial centres and thermal power units. All these hubs require vendors to comply with safety and statutory requirements. Due to a shortage of professionals, often, service providers have to run from pillar to post to prepare standard safety documents. Start a document preparation centre from your home, and you will be flooded with requirements.

• Investment: ₹1 lakh to ₹2 lakhs
• Resources: You will require a laptop/desktop, stationery, certificates and permits to handle the business, contacts and a trained team.
• Market Demand: The global document management system market will grow from $6.23 billion (₹511267130500 approx.) in 2023 to $18.97 billion (₹1556801505000 approx.) by 2030, at a CAGR of 17.2%.
• Profit Margin: ₹50000 to ₹1 lakh monthly

6. Travel and Tourism

Jharkhand abounds in natural landscapes. Many tourist attractions in Jharkhand offer views of untamed nature. Some of these places are – Konar Dam, Netarhat, Kanke Dam, Hazaribagh National Forest, Deuri Mandir, Rajrappa, Tagore Hills, etc. You can start a travel business either online or offline by providing bookings, making travel plans, etc. It can be one of the best small-scale businesses in Jharkhand.

• Investment: ₹1 lakh to ₹3 lakh
• Resources: You require a laptop/desktop, Wi-Fi, stationary, furniture, travel knowledge, contacts, a website plan and a marketing strategy to promote.
• Market Demand: India's outbound tourism market will grow at an 11.4% CAGR by 2032.
• Profit Margin: ₹40000 to ₹ 1.5 lakh monthly

7. Homestay Service

Jharkhand has always been a favourite spot amongst the tourists. Therefore, tourism opens avenues for the hospitality industry and can be an appropriate small business idea. Hosting homestays require minimal investment if you have your property and want to rent it out. Build your website and advertise it through various social media platforms. It will help you to promote your business.

• Investment: ₹50000 to ₹1 lakh
• Resources: You require kitchen space, cooking materials for those who wish to self-cook, laundry, permits and licences to operate the homestay, a caretaker and necessary papers.
• Market Demand: Market statistics show that the sector has grown at 10.7% and 7.4% CAGR for domestic and international tourists, respectively.
• Profit Margin: ₹10000 to ₹50000 monthly

8. Physiotherapy Centre

There are fewer physiotherapy centres in all major localities of Jharkhand. However, there is a demand for professional physiotherapy in the location. Keeping in mind the need, establish a small physiotherapy centre. Connect with doctors who will recommend your centre to the patients. In addition, you can expand your business by hiring trained physiotherapists and offering quality services.

• Investment: ₹1 lakh to ₹3 lakhs
• Resources: You will require office space, tools and equipment for physiotherapy, machines, permits and licences, proper training, receptionists, and trained physiotherapists.
• Market Demand: India's physiotherapy market size will expand at a CAGR of 8.85% by 2030 and will reach $1.9 billion (₹155839900000 approx.) in 2030.
• Profit Margin: ₹50000 to ₹1.5 lakhs monthly

9. Jute Bags Making

Jharkhand, popular for jute production, has a lot of craftsmen working on the craft related to date palm leaf. These artists produce attractive jute products – bags, baskets and other items. Thus, you can start a jute bag-making business as one of the top business ideas with low investment. This business promises the best results in terms of profit per jute product.

• Investment: ₹2 lakhs to ₹3 lakhs
• Resources: You will need natural fibre, jute, tools and equipment, threads, packaging materials, beads and sequins for decoration, and an office to offer your products.
• Market Demand: The global jute bag market size will reach US$ 4.2 billion (₹344414700000 approx.) by 2028, exhibiting a growth rate or CAGR of 8.67% during 2023-2028.
• Profit Margin: ₹50000 to ₹1 crore monthly

10. Online Bakery

Bakery is one of the most profitable small-scale business ideas in Jharkhand you can consider. If you have the skill of baking cakes, croissants and other delicacies, begin your online bakery business from home. However, before venturing into this business, ensure there is demand for the products in your locality. Build your website and promote it through various social media platforms.

• Investment: ₹80000 to ₹3 lakhs
• Resources: You need space to work, bakery tools, equipment and products, a website and a marketing plan.
• Market Demand: The online bakery business in India will develop at a CAGR of 8.5% by 2026 and will reach a value of $12.39 billion (₹1015541394000 approx.) by 2026, making bakeries a very profitable business concept.
• Profit Margin: ₹60000 to ₹1.2 lakhs monthly

11. Fish Farming

Jharkhand has an abundance of streams, rivers, ponds, and other water sources. Due to such a geographical location, the place is ideal for fish farming. The Jharkhand State Fishery Department offers financial assistance to business owners who want to start hatcheries and rearing tanks. Neighbouring states like Odisha, West Bengal, Chhattisgarh, and many others have a high demand for edible fish. Hence, it can be a rewarding business proposition.

• Investment: ₹50000 to ₹1 lakh
• Resources: You will require plumbing and water pumps, tools and equipment to make a pond, water tester, fish grader, pond liner and pumps, etc.
• Market Demand: The Indian aquaculture market will reach 19.9 million tons by 2028, exhibiting a CAGR of 8.1% during 2023-2028.
• Profit Margin: ₹60000 to ₹ 1.5 lakh monthly

12. Handicraft

Jharkhand is rich in traditional handicrafts and cultural heritage. One of the famous handicrafts of Jharkhand is the Dokra metal craft. You can start making unique Dhokra crafts and other handicraft items. However, build an online store where you can source handicrafts, and put them on display. The best part is that handicrafts are in demand worldwide.

• Investment: ₹10000 to ₹30000
• Resources: You require clay, natural fibre, wood, jute or bamboo, decorative items, glue, thread, sequins and beads, packaging and delivery supplies, storage, etc. Additionally, you require building a website to promote your business.
• Market Demand: The Indian handicrafts market will reach US$ 6218.4 million by 2028 and exhibit a CAGR of 7.7% during 2023-2028.
• Profit Margin: ₹20000 to ₹50000 monthly

13. Home Décor

Jharkhand is famous for various decorative products, thus, making this place an ideal location to establish your home décor business. A trending venture in Jharkhand and India, you must possess the right creative skills to start this business. You can collect home décor products and display them online to sell these products to your potential clients.

• Investment: ₹1 lakhs to ₹3 lakhs
• Resources: You will need a workspace, website, software, a laptop/desktop, training, decorative items, etc.
• Market Demand: The revenue in the home décor segment amounts to US$ 1.75 billion (₹143485125000) in 2023. This market will grow annually at a CAGR of 6.75% from 2023 to 2027.
• Profit Margin: ₹50000 to ₹1 lakh monthly

14. Fruits and Vegetable Export

Several fruits of high-nutrition value are grown in Jharkhand, sparking business ideas for many. You can establish an inert-state fruit export centre and collaborate with traders from other states. Guava, mango, banana, jungle fig, litchi, and jackfruit are commercially grown in Ranchi, Hazaribagh, Dumka, Deoghar, etc.

• Investment: ₹50000 to ₹1.5 lakh
• Resources: You will require storing and packaging, certification and permits, a transport vehicle, etc.
• Market Demand: Production and transportation of Indian fruits and vegetables intrastate have increased in these past years. In 2022, India exported fresh fruits & vegetables worth US$ 1527.60 million. It consisted of fruits worth US$ 750.7 million (₹61551375000 approx.) and vegetables worth US$ 767.01 million (₹62946539500 approx.). The growth rate of fruits and vegetables over the years 2023-2027 is expected to be 6.60% and 6.72% respectively.
• Profit Margin: ₹60000 to ₹ 1.5 lakh monthly

15. Saree and Textile

Jharkhand enjoys a leading position in Tussar silk production in India. It is the only Indian state exporting organic Tussar silk. You can establish an online store to sell these Tussar silk saree and display them to your potential customers, thus making it one of the best low-investment businesses in Jharkhand. Invest hard work and time to source authentic silk products, and your goodwill will attract onshore and offshore clients.

• Investment: ₹2 lakhs to ₹5 lakhs
• Resources: You will need a website plan to provide images of your Tussar sarees online. Besides, you need packaging materials, a marketing plan to promote your business, a laptop and marketing tools, etc.
• Market Demand: The global Tussar silk market will grow at a CAGR of 5.5% by 2030.
• Profit Margin: ₹50000 to ₹1 lakh monthly

16. Candle Making

One of the best low-investment business concepts, you can start a candle-making business from the comfort of your home. The raw materials for making decorative candles are readily available in the market. Moreover, candles are much in demand as they serve as ideal gifting options. You must collaborate with local gift shops and online sources to sell your product online and offline.

• Investment: ₹25000 to ₹2.5 lakhs
• Resources: You require wax and wicks (preferably cotton), glue, a mason jar, a pen/pencil, a spatula, a double boiler, a thermometer, and some decorative items. You require packing materials. It will help you to pack your candles properly before delivering them to your clients. Do not miss out on building a website which will help in promoting your business.
• Market Demand: Revenue in the candles industry amounts to US$ 312.70 million in 2023. The market will considerably grow at a CAGR of 4.81% by 2023-2027.
• Profit Margin: ₹10000 to ₹50000 monthly

17. Gifts Provider

Due to the number of businesses and industries located in Jharkhand, there is always a demand for corporate gifting in this location. You can establish a corporate/ personal gifting store online and sell various handmade and unique products. You can collaborate with corporates and industries where corporate gifting is in demand during seasons and events.

• Investment: ₹1 lakh to ₹1.5 lakhs
• Resources: You will need a workspace, website, gift and decorative items for display.
• Market Demand: With online shopping for gifts increasing every day, the Indian gifting industry will reach $82.7 billion (₹6781151900000) by 2027, growing considerably at a CAGR of 3.4%.
• Profit Margin: ₹50000 to ₹80000 monthly