How rural people can make extra money in India
There are several ways rural Indians can uplift living through agriculture. Here are some ideas tailored for rural India -
1. Diversify Crops & Use Organic Farming
- Diversified Crops: Grow high-demand crops or niche varieties (e.g., organic vegetables, fruits, medicinal plants). I have seen people growing bamboo, medicinal plants, plants/flowers needed to make perfumes.
- Organic Farming: Organic produce has growing demand and fetches higher prices. Farmers can start with small organic farming and sell to urban markets.
2. Livestock Farming
- Poultry, Goat, or Dairy Farming: Livestock farming like poultry, goat farming, or dairy farming can provide a steady income. Dairy farming with cows or buffalos, for instance, is quite profitable in rural areas.
3. Set Up a Small Food Processing Unit
- He can start a small food processing business (e.g., making jams, pickles, organic spices, Khawa, Mawa, Sweets). Processed products often sell at a premium.
4. Start a Nursery for Seeds and Saplings
- Setting up a small nursery for vegetable seeds, saplings, or ornamental plants can create income, especially for local farmers and gardeners. Some people are selling seeds online due to low cost of shipping.
5. Leverage Government Schemes & Loans
- India offers various government schemes for rural farmers (e.g., PM Kisan Yojana, MUDRA loans). He can tap into these schemes to get financial aid or support.
6. Farming Technology & Equipment Rental
- If he has access to modern farming tools, he could rent them out to other farmers. Alternatively, he could partner with local groups to access affordable equipment. Some people are buying tractors, earth moving machines and renting them. Only downside is that - This is too much capital intensive.
7. Develop a side Business
- If You have a scenic land, agri-tourism is a rising trend in rural areas. This could include offering farm stays, experiences like "pick-your-own" farms, or rural tours. This option is suitable for farmers living near big cities.
- Some farmers are making farming videos and monetizing them on Youtube channel to earn extra money.
- Some farmers are making worm compost or cow dung fertilizer (e.g. Kavya in Maharashtra) and selling to other people.
- Some people will start Kirana store or hotel
- Some people will buy Agricultural produce in wholesale and sell in retail.
8. Sell Direct to Consumers (Farm-to-Home)
- Partner with e-commerce platforms or local markets to sell products directly to consumers, avoiding middlemen and increasing profit margins.
9. Co-operative Farming
- Joining or forming farming cooperatives with local farmers can help improve economies of scale, increase bargaining power, and reduce input costs.
10. Use of Solar Energy
- He can explore using solar energy to reduce electricity costs for his farm, such as solar-powered irrigation, which could reduce dependency on traditional power sources.
11. Learn About Financial Literacy & Market Access
- Access to information about markets, pricing, and financial management is key. Farmers should connect with local NGOs or government training centers for skill-building in agribusiness management.
Published on: Sep 09, 2024, 10:40 PM