The discipline and experience of a veteran come second to none. So, when you are looking into ways to earn post-retirement, the entrepreneurial hat will suit you, given your exceptional training and knowledge.
We understand that mustering funds for setting up a new business can be challenging. But you can avail monetary assistance in the form of business loans for veterans to combat the same.
Small business loans for veterans are available at attractive interest rates with special benefits. So, if you are planning to set up a small business, now is the time. Here are some of the best small business ideas for veterans in India worth considering.
Additional Reads – Check Out Top 15 Business Ideas With Low Investment And High Profits
Farming and forestry
City life is not for everyone, and we get it. If you wish to stay away from the hustle and bustle of cities, spend your retirement years on the farms. Agriculture, farming, and forestry is a profitable business model.
Invest in an appropriately-sized land in the countryside and make money off the produce. Worried about the funding for the estate and equipment? If so, you can apply for a small business loan. Then, you can relish nature and its produce.
Special event security firm
You can set up a security firm for special events such as concerts or election rallies. A business loan will help you mobilise workforce and related resources. The task is to provide personnel for ensuring the safety of attendees and controlling crowds.
This is an attractive opportunity for an ex-serviceman as you already boast years of disciplined training to keep others safe. Whatever your calling is, you can rely on financial institutions to fund your next big project. Find a lender offering competitive business loan interest rates and disembark on a new business journey.
Additional Read – How to Get a Loan to Start a Business in India
Business management services
Business calls for excessive discipline to succeed. So, it is no wonder that veterans make such successful businessmen. Thus, you can make a profit from a business handling or management enterprise as well. Your excellent management skills, righteousness, and ethics act as the USP.
You can operate such a firm from the comfort of your home and benefit from the low-investment business model. The margin for profit in this small business is ample; however, the competition may be high.
An ex-serviceman typically has a strong inclination towards physical training. So, you can teach self-defence, give outdoor training, firearms training, or offer adventure activities. But setting up this business model may require a financial commitment. Nonetheless, a loan for veterans is readily available.
Moreover, a veteran is highly suitable for the task of educating and training others. So, use a business loan calculator, you get a comprehensive view of what you are stepping into and disseminate your knowledge.
Tata Capital at your service
As managing finances can be challenging for veterans, Tata Capital offers firm support to you throughout the journey by providing monetary funds. Use our business loan EMI calculator to estimate the instalments for calculating the perfect loan amount.
We provide our valuable customers with an attractive business loan interest rate to maximise their gains. Also, our flexible business loan eligibility criteria make borrowing easy for you. Contact us today to realise your dream business plan.