An Overview of Banana Chips Making Business

Would you wish to start a banana chip business on a modest scale? Here is a sample profile for a banana chips manufacturing firm. The raw materials, production method, project cost, licensing, and machine specifications needs are all included in the article. In essence, chips are a famous fully prepared food item. It belongs to the fast-moving consumer goods (FMCG) category. The demand for high-quality banana chips is expanding, similar to that of potato chips, particularly in metropolitan areas. Banana chips are also finding a new market in rural towns and villages. Banana chips are commonly used as a snack item. The largest banana-producing Indian states include Karnataka, Bihar, Gujarat, Maharashtra, Andhra Pradesh, and Tamil Nadu. Because ripe bananas have such a short shelf life, they are great preservation items. If you reside in a banana-growing region, you should seriously consider starting this business. The most intriguing aspect of the initiative is that it just takes a modest quantity of funding. In addition, the operation of the unit needs a minimal amount of room. Let's have a look at how to establish a banana chips company.

Study the Market for Banana Chips

Generally, banana chips are perhaps the most popular snack. Nevertheless, you must first determine which brands are well-known. Check out their quantity packing, MRP, and packaging as well. Learn about the nutritional value, banana chips calories, and such. You may certainly research the local market as well as internet markets. These will assist you in making the appropriate selections for your unit's establishment.

A Business Plan or Project Report for Banana Chips Business

You'll need to write a business strategy or a progress report once you've gathered enough information. In general, a project report aids in obtaining bank financing and smooth project implementation. In general, a project report is divided into two sections. These are the technological and economic factors. The cost of participation is greatly influenced by technological factors. For your convenience, we've included an example project pricing structure below.

Financial Investment in The Business

After you've determined the total project cost, you may focus on securing funding. Both fixed and working capital expenses are eligible for reimbursement. One could also enroll for them if you don't have any other options. The investment you make will be dictating the profit you make as it is directly related to the banana chips price. Register for equipment hypothecation if you just need financial support for the purchase of machinery. Also, see if this idea qualifies for any government funding. Banana chips can be used as an appetizer, a side dish, or snacks. The yield of the banana chip manufacturing unit, as well as the cost of the equipment, is the two most important factors. Firstly, the cash position should be around Rupees 8,00,000, as well as the semi-automatic system would cost between Rupees 1,00,000 to Rupees 3,00,000. The price of a fully automated machine varies between Rupees 3,50,000 and Rupees 6,00,000. Secondly, you'll obtain a 47.77 percent turnover rate. Lastly, you may change the banana crisps producing business project's volume and pricing to suit your needs. Rupees. 50,000 is included in the prices of raw materials. The price of packing is Rupees 10,000. Rupees 10,000 is included in the other various expenses. The project cost can be detailed more simply as this:

Both the land and the building are leased.

  • 0.500 Lakh in contingencies
  • 0.600 Lakh for laboratory equipment.
  • 0.300 Lakh for erection and commissioning.
  • 9.000 Lakhs for first advertising and PR
  • The cost of connecting to the electrical grid is 0.100 lakh rupees.
  • The price of office equipment is 1 lakh.
  • Costs for forming a company would be 0.100 Lakh
  • Vehicle for transportation = 4.600.
  • Electrification cost Equals 0.100 Lakh.
  • The cost of spare parts for machines is 0.100 lakh rupees.
  • Expenses for the gestation period are 0.300 Lakh
  • 4.290 Lakh for plant machinery

The prices will definitely differ based on the size of the project, but this in contrast gives you an idea of how one would need to allocate in the different departments.

Licensing & Registration for The Company

To begin banana chip making business, you must seek a licence from the Food Safety and Standards Authority of India (FSSAI), as it falls within the food industry. You must also enroll with Udyog Aadhaar MSME, which will assist you in obtaining various financing and incentives for your banana chips company. Next, you should register for a food manufacturing operator licence, which is required for selling processed food in the nation. Finally, you must get a trade licence from the regional city administration to be a banana chip manufacturer. Afterward, you must check with the FPO Act, which is crucial for the cost of a banana chips factory. Then, even though it is a tiny & small unit, you should license your bananas chips manufacturers business as a proprietor company with the ROC. If you want to establish it as a large-scale firm, you may establish it as an LLP. Ltd. or a Pvt. Developing a company project strategy for banana chips also necessitates GST authorization. Lastly, seek a licence to operate a banana chip manufacturing factory.

Unit Establishment

The full project may take six months to complete. The very first task is to locate a suitable piece of property with a protected space. In general, a modest plant with a covered area of 1000 Square Feet may be operated. It is preferable to begin the business in a leased place if you do not have your own location. You must complete the electrification project. Make sure you have enough water and a reliable transportation system.

The Equipment Necessary for The Production of Banana Chips

Because bananas are perishable, anyone starting a small company can arrange for a machine banana chips production unit that will produce roughly 50 tonnes of banana wafers each year for each two working shifts within 300 days. The below equipment is required for the production of banana chips.

  • sieve for oil
  • Utensils made of aluminium
  • Automatic Sealing Machine.
  • Knives for cutting and peeling
  • Set of DG
  • Stainless steel slicer with extensions and an electric engine.
  • Coal-fired Furnace
  • Dryer with 96 trays and trolleys that runs on electricity.
  • Scale for weighing

You'll also need the following items to set up your banana chips factory cost, in addition to the aforementioned gear. It is necessary to keep the environment clean. You might even arrange for fully automated banana production equipment to save on labour costs. You must choose a well-drained area or location for decent road connections. As a result, it is useful in the production of raw materials. Also, there is a requirement for adequate water and electrical supplies. Lastly, a significant amount of banana wafers is manufactured after purchasing completely banana chips making machines & equipment.

Raw Materials Necessary for The Manufacturing of Banana Wafers

Raw bananas are the most important raw material. Salt, spices, and cooking oil are also required. You'll also require packing consumables. The interior humidity of the item must be maintained throughout retail packaging. Raw bananas can also be used to make banana chips, banana powder, banana pulp, and a variety of other products. As a result, the banana kinds that are suitable for making banana chips are listed here:

  • Pachabale
  • Nendran
  • Cavendish
  • Flavors
  • Salt
  • Herbs
  • Spices
  • Cheeses
  • Edible Oil

The aforementioned raw materials or components are needed in the banana wafers manufacturing process, and special attention must be paid to ensure that the appropriate quantity is obtained. In addition to the materials listed above, printed polythene bags, corrugated boxes or cardboard boxes, plastic bags or pouches, and other packaging and product materials may be required. For bulk packing, high-layer corrugated boxes can be used.

Making Banana Chips

Anyone who wants to know how banana crisps are made has a lot of questions. The creation of banana wafers is both simple and straightforward. Given here is the banana chips recipe. The following is a simple explanation of the banana chip preparation method:

  • For the preparations, you should sort the finest bananas. To determine if the raw bananas are in excellent or bad condition.
  • The good bananas must next be washed.
  • Finally, the bananas should be peeled and trimmed.
  • Afterward, slice the bananas into the appropriate shape and size of slices.
  • After slicing the bananas into needed pieces, clean them.
  • Allow the slices to dry in the sunshine.
  • Deep-fry them in a suitable amount of edible oil.
  • You need to use enough salt to suit your taste.
  • Additionally, add the seasonings for flavour and to achieve the greatest taste.
  • Lastly, set these in a cool location to allow them to cool.

You must put banana chips in pouches or plastic bags once they have been made. You may even utilize or sell banana peels to composting units as a biodegradable material.

Profits from the Production of Banana Chips

Because there is such a great demand for banana chips, the profit margins vary from 50% to 60%. In a small start-up, you might anticipate a return of Rupees. 4,00,000 to Rupees. 6,00,000 each year. One could even start to make banana chips at home because they just take up a little amount of space, to begin with. You may build a professional banana farm to lower your input expenses and improve your profits.

FAQs: Banana Chips

Q. How are banana chips kept fresh?

Ans. Allow the chips to cool completely before storing them in an airtight container. You can put the chips in freezer bags and keep them in the freezer. In a nice dark cold storage place, the chips' freshness will endure longer. The chips are perfect for nibbling or providing a surprise pleasure to meals.

Q. What are the health effects banana chips good for you?

Ans. Although banana chips appear to be healthy at first appearance, they can be high in banana chips calories, saturated fat, and added sugar. Seek select dried manufactured chips that aren't fried without additional sugar as a healthier option. Banana chips price might seem low but choose a full banana instead. If you do choose to consume banana chips, keep your serving size into consideration.

Q. How do banana chips maintain their colour?

Ans. This method keeps the bananas' yellowish hue and gives them a crisp texture with a delicious, strong banana flavour. They're usually created with unripe bananas that have been fried or dried in a food drier. A lot of it can depend on the banana chips recipe.