Wow if you are planning to start a petrol pump then I must say it is a great idea. It’s one of the most profitable businesses, especially when it is situated in busy areas like cities or highways. The demand for petrol pumps is also increasing nowadays due to the rise in the number of automobiles. Besides, when paired with general stores, hotels, or restaurants, they are sure to help with extra income. Let me tell you how much money is required to open a petrol pump:
How Much Money Required to Open Petrol Pump
To start a petrol pump business, you must prove the ability to invest a minimum of Rs. 25,00,000 lakhs in case of an urban area and Rs. 12,00,000 in case of a rural area.
Now that you know how much money required to open a petrol pump, check out the list of Funds that WILL be considered:
How Much Money Required to Open Petrol Pump
To start a petrol pump business, you must prove the ability to invest a minimum of Rs. 25,00,000 lakhs in case of an urban area and Rs. 12,00,000 in case of a rural area.
Now that you know how much money required to open a petrol pump, check out the list of Funds that WILL be considered:
- National Savings Certificate
- Mutual Funds, Bonds, and Shares (only 60 percent is considered)
- Funds in savings Account
- Funds in a current account.
- Jewellery, cash, material assets, etc.
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Authors Of The Question
How much money is required to open a petrol pump?
Ganesh
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1 Answers
3 Year
2021-10-25T17:13:07+00:00 2021-10-26T18:09:07+00:00Comment
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