51 MSME Business Ideas Across Growing Industries

Are you looking for MSME business ideas that have low investments and are suitable for small-scale ventures? 

You’ve come to the right place! 

Be it some small-scale manufacturing unit, eco-friendly venture, or home-based, there is an MSME idea in store for everyone. 

And the best part? Many of these ventures can be launched right from your home! 

This is a blog wherein we have summarized a practical guide to help explore some of the most promising low-investment MSME business ideas from various industries.

Sector-Wise List of Profitable MSME Business Ideas

Here is a well-categorized list of new MSME business ideas tailored for various industries in India. 

Food and Beverage Industry 

Let’s discuss some business ideas in this category: 

Pickles and Sauces Manufacturing: India loves the tangy and spicy flavours. So, homemade pickles and sauces are always in demand. Target local retailers or online platforms. 

Frozen Food Production: Busy lifestyles make frozen parathas, vegetables, or snacks a hit. Target Market: Urban families and working professionals. 

Dairy Products Business: Cheese, butter, and yoghurt have steady demand. Emphasize freshness and quality. Target Market: Local grocers, and supermarkets. 

Breakfast Cereal Production: This business idea caters to urban families, health-conscious individuals, and gym-goers who value convenience and balanced meals. This venture can thrive in both retail stores and online markets. 

Fruit Juice Manufacturing: Provide preservative-free juices for the health-conscious. Fruit juice manufacturing is a highly rewarding way to meet the ever-growing demand for healthier beverage options. 

Organic Tea Manufacturing: This is a highly profitable idea given India’s tea culture. The target market is the tea enthusiast, the wellness-conscious consumer, and export opportunities to international buyers. 

Condensed Milk Production: With many desserts depending on it, the demand for it is constant. By focusing on the aforesaid industries, a steady market is assured. 

Peanut Butter Production: A craze among the fitness-conscious. This business focuses on gyms, health stores, and urban families seeking easy-to-consume healthy food. 

The average profit margin for the business ideas listed under the Food and Beverage Industry is 33.75%, and an investment range of ₹5 lakh to ₹8 lakh. ​​

Entrepreneurs in this sector can benefit from the Pradhan Mantri Mudra Yojana (PMMY), which offers loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. 

Environment-Friendly and Sustainable Business

Here are a few promising business ideas in the same category: 

Paper Bag Manufacturing: With the rising awareness about the impact of plastic, paper bags have become a necessity for retailers, grocery stores, and boutiques. Customizable options could add appeal. 

Recycling Plant: Whether it is paper, plastic, or metal, recycling plants play a key role in waste reduction. The target audience encompasses those industries and businesses that look for sustainable waste management. 

Production of Organic Fertilizer: Organic farming is now rapidly increasing. So, with organic farming, organic fertilizer is in high demand among the agricultural community. Cooperative-agriculture partnerships expand your market further. 

Biodegradable Tableware: Biodegradable plates and cutlery are increasingly being used as sustainable dining solutions for catering services, events, and restaurants. This business is well-suited to serve the eco-conscious urban customer. 

This sector provides rewarding opportunities for businesses aligned with India’s growing shift toward sustainability, with an average profit margin of 27.5% and an investment range of ₹5 lakh to ₹8 lakh.

Businesses that deal with eco-friendly products can avail credit through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). 

Textile and Apparel Industry

Some exciting business ideas are:

Ready-Made Garment Production: From ethnic wear to casual clothing, the demand for ready-made garments is constant. Target retail stores or establish your brand online. 

T-Shirt Printing: Custom-printed t-shirts can be in high demand for young customers, corporates, and event planners. Personalized designs can separate your brand.

Baby Clothing Manufacturing: Baby wears are always high in demand; comfortable and qualitative baby wear would attract parents buying from online stores and local retailers selling baby products. 

Textile Printing: Print vibrant designs for bulk or customized orders catering to fashion designers and textile exporters. Linking with boutiques can add more visibility. 

Silk Thread Manufacture: For traditional garments and embroidery, this business has a niche but steady demand. It will work well both in the domestic and export markets. 

This industry is perfect for those looking to capitalize on the ever-expanding fashion and textile market, with an average profit margin of 32.5% and an investment range of ₹4 lakh to ₹7 lakh.

The Prime Minister’s Employment Generation Programme (PMEGP) is apt for entrepreneurs in the apparel and textile industry. 

Home and Lifestyle Products

Here are some great ideas in this category: 

Furniture Manufacturing: Modern designs to wooden furniture; the demand is always there in homes and commercial establishments. Cater to online buyers and furniture sellers. 

Mattress Manufacturing: Comfortable living needs quality mattresses. Target individual customers and hospitality industries like hotels and guesthouses. 

Wallpaper Production: Wallpapers are one of the simplest yet fashionable means of changing interiors. Home owners, interior designers, and construction companies are significant customers. 

Making Candles: Candles are used for decor, festivals, and religious purposes. Scented or decorative candles can reach a wider audience. 

Home Decor Products: Make handmade or environment-friendly home decor products such as curtains, blinds, or rugs. These products appeal to urban families and boutique shops. 

With an average profit margin of 32% and a moderate investment range of ₹5 lakh to ₹8 lakh, businesses in this sector can tap into the steady demand for functional and aesthetic essentials.

The Stand-Up India Scheme, which provides bank loans between ₹10 lakh and ₹1 crore, is apt for manufacturers of home and office essentials. 

Healthcare and Hygiene Industry

This sector ensures steady demand and growth. 

Sanitary Napkin Production: Sanitary napkins, of course, are a need for women. Provide affordable quality napkins and aim at the maximum reach to schools, NGOs, and government schemes. 

Medical Mask Manufacturing: Surgical masks and N95 respirators are now common accessories. Hospitals, clinics, and pharmacies would form the prime customer base. 

Hand Sanitizer Manufacturing: Your target audience for this product will be hygiene-conscious consumers, schools, and offices. Offering refill packs will improve customer retention.

Disposable Syringe Manufacturing: Disposable syringes are essential in healthcare settings. The demand for disposable syringes is continuously required by hospitals, diagnostic labs, and clinics. 

Wet Wipe Manufacturing: Wet wipes are multi-purpose, ranging from personal hygiene to cleaning. These are perfect for travelers, parents, and office-goers. 

Herbal Products Manufacturing: Natural skincare products, wellness supplements, and herbal remedies are gaining popularity among conscious health seekers. Partner with wellness stores and e-commerce platforms. 

Essential Oil Extraction: These are used by spas, skincare brands, and wellness enthusiasts through aromatherapy and cosmetics. 

Manufacturing Fitness Equipment: With people increasingly hitting the gym at home, fitness equipment like dumbbells, resistance bands, and treadmills are hot-selling items. Market to gyms, studios, and individuals who hit the gym. 

Yoga Mat Production: With yoga picking up rapidly across the globe, a good-quality mat is indispensable. Market yoga centers, wellness retreats, and online sellers. 

Nutritional Supplements Manufacturing: Protein powder, vitamins, and health drinks are hot sellers. Target the gyms, health stores, and online health marketplaces. 

Health and personal care is a booming sector with a 30% average profit margin and an investment range of ₹5 lakh to ₹8 lakh. It is fueled by increasing awareness about wellness in India.

Entrepreneurs in health and personal care can seek PMMY for financing. 

Technology and Electronics Industry 

Mobile Accessories Manufacturing: Things like cases, chargers, and screen protectors are always in demand. This market will also include smartphone users and electronics retailers. 

LED Light Manufacturing: They are energy-efficient and eco-friendly lights. These can be used by homes and offices. Builders, contractors, and retail stores can be good customers.

Electric Wire Manufacturing: This is an item that is necessary for construction and electrical projects. Thus, there will be a constant market. One can associate with electricians, contractors, and wholesalers. 

3D Printing Services: Such a futuristic business can offer customers customized or prototype products to cater to designers, engineers, or manufacturers.

This category caters to India’s tech-savvy population and rapid digitization trends with a profit margin of 32.5% and a higher investment range of ₹10 lakh to ₹13 lakh.

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) benefits the tech startup and gadget manufacturing industries. 

Construction and Infrastructure Industry

The construction and infrastructure industry presents a number of lucrative opportunities for MSMEs. 

Cement Block Manufacturing: Cement blocks are always in demand due to the ongoing construction projects. Builders and contractors are major clients. 

Granite and Marble Production: Granite and marble are in great demand for residential and commercial interiors. Tie up with construction companies and interior designers. 

Aluminum Door and Window Manufacturing: Aluminum doors and windows are sleek and tough. Builders and home owners are your target audiences. 

Paint Production: Paints can be sold directly to constructions and renovations. Retail stores, contractors, and all home owners are your target buyers. 

PVC Pipe Manufacturing: For plumbing, agriculture, and general construction and farming. Partner with hardware stores, builders, and farmers.

At a profit margin of 32.5% and an average investment range between ₹15 lakh to ₹18 lakh, the sector is for those looking at building within the booming infrastructure and housing market.

Renewable Energy and Recycling Industry

Solar Panel Production: With the government and private sectors promoting solar energy, the demand for panels is high. The target markets are residential, commercial, and rural electrification projects. 

E-Waste Recycling: With the increasing use of electronics, the recycling of e-waste is both profitable and environ friendly. Their target manufacturers, IT companies, and urban house- holds to source e-waste. 

Plastic Recycling: The increase in plastic pollution awareness demands bag, bottle, and container-made products out of recycled plastics. Work with the packaging companies, retailers, and industrial buyers. 

Bio-Plastic Production: Non-toxic, non-hazardous, biodegradable bio-plastics have a lot of demand in packaging and food services. Restaurants, retailers, and exporters are very good customers. 

Organic Fertilizer Production: As organic farming increases, fertilizers made from natural waste materials are in demand. Partner with farmers and agricultural cooperatives. 

An average profit margin of 28% with an investment ranging between ₹6 lakh to ₹9 lakh would perfectly fit in with India’s push towards sustainability.

Artisanal and Handicrafts Industry

Jute Bag Manufacturing: Environment-friendly and trendy, jute bags are highly in demand by urban shoppers and exporters. Market fashion retailers, gift shops, and the environment-conscious consumer. 

Handmade Chocolates: Uniqueness in flavour and creativity in packaging make handmade chocolates a great product for gifting and retailing. Partner with cafes, confectionery stores, and online selling websites. 

Wooden Products: Made-to-order furniture and ornamental products appeal to urban consumers and interior designers. Market boutique stores, e-commerce sites, and local markets. 

Pottery and Ceramics Products: Functional and decorative ceramic products are valued. Sell through craft fairs, online stores and home décor retailers. 

Artificial Jewelry Making: Trendy, artificial jewellery is a fashion rage among young customers as well as event planners. Tie with retail outlets, fashion boutiques, and online marketplaces. 

This is an industry with an average profit margin of 30% and investment ranges between ₹3 lakh to ₹6 lakh.

From low investments to scalable opportunities, the options just go on. 

This MSME guide offers some insights into some of the varied industries, margins, and markets to get started. 

Well, success happens from small starting points, but learning is constant. 

That business dream in your head just got closer.