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Start Making Banana Wafer – Follow The Steps
Do you want to start a banana wafer making unit at a small level? If yes, read this detailed business planning guide on starting the Banana Wafer Making Unit with little investment.
One of the most profitable cash crops in India is Banana. It is widely grown across the country in about 4.83 lakh hectares of land with an output of about 16.17 million metric tons.
In addition, people consume it in many types of preparations and forms. The major part of the production of bananas in the country is consumed in fresh form. Banana is highly spoiled in nature. However, you can preserve it for the production of banana pulp, banana chips, banana powder, etc.
Banana wafer is an innovative product. It is a thin banana slice that is deep-fried until crisp. Banana chips are usually served as appetizers, side dishes, or snacks. Basically, the chips are cooked and salted. Additionally, you can produce different varieties using different flavors and ingredients including seasonings, herbs, spices, cheese, and artificial additives.
1. Market Opportunities For Banana Wafer Making Business
The processed food industry ranks fifth in size in the country, accounting for 14% of total industrial production and 6.5% of GDP. There is a big market for banana chips and they can be sold in various retail shops, railway stations, bus stands, etc.
There is also an institutional market consisting of clubs and other school, institute and college canteens, army establishments, pubs and bats, airlines, and railways caterers, etc. In addition, good quality banana wafers also have export potential. Also, Govt. Tax holiday is allowed for five years for India’s food processing industry.
2. Banana Wafer Making Business Registration And License
You have to apply for registration and a license from the authorities concerned.
- First, register your business with ROC. For a micro and small entity, you can register a proprietorship firm or prtnership firm. However, if you are starting on a large scale, LLP and Pvt. and limited company option is recommended.
- Additionally, obtain a trade license from the municipal authority
- Register with Udyam Online Portal , the industry base. This is optional. However, it will help you to get a different government. Subsidies and Grants.
- Also, apply for GST registration
- Compliance with the FSSAI Act is mandatory.
- Apply for Food Business Operator License. It is compulsory for processing and selling canned food in India.
- Finally, get a factory license.
3. Banana Wafer Making Machine And Unit Setup
Anyone can start a small and medium scale banana wafer making unit on a semi-automatic basis. To produce banana chips you will need the following machinery.
- Slicer made of SS with enclosure and electric motor
- Electric-powered dryer with trolleys and 96 trays
- Oil sieve
- Automatic sealing machine
- Coal-fired furnace
- Cutting and peeling of knives, aluminum utensils, weight scales, etc.
- Dg set
First of all, you have to select a well-drained site with good connectivity with the roads. It should preferably be in the raw material production area or consumption center. Additionally, you should keep the ambient clean condition when selecting a site. Water and electricity must be available in sufficient quantities and properties.
You can also install a fully automated banana chips or banana wafer making unit. This will save manpower costs. However, a large amount of production is also possible from this type of unit.
4. Banana Wafer Making Raw Material
The varieties of bananas suitable for manufacturing chips are Neandran, Cavendish, and Pachabel. Salt, edible oil, spices and other ingredients required for flavoring are. But their quantity will be very less. Printed polyethylene bags and corrugated or cardboard boxes make up packing materials.
5. Banana Wafer Making Process Flowchart
The process of making a wafer is simple. This includes visual inspection and sorting of damaged bananas and washing them in water. Then do the peeling and trimming before cutting or cutting them to the required size. Additionally, wash and dry them once again. Then fry them and add either salt or other spices/flavorings.
After cooling them, pack the wafers in plastic bags or pouches. In banana wafer making, organic wastes such as banana peels, etc. are decomposable and biodegradable.
6. Banana Wafer Manufacturing Project Cost
Banana wafer manufacturing costs will mainly depend on machine costs and production output. If we choose a machine that can deliver 100 kg of banana wafer per day, then the estimated cost of a wafer manufacturing machine would be around Rs 3 lakh and above. The total investment will be around 15 lakhs, out of which working capital is 8 lakhs.
In this scenario, the break-even point is about 47.77%
This is a sample approximate banana wafer manufacturing project cost. It is subject to deviate upon the change of any assumption. You can modify project cost and project capacity according to your requirement.
Project Report Format
In our project report format, we cover technology details, its diagrams, flow chart etc.. as and when required or deemed fit to include. Also, prepare in-depth financial calculations including CMA which is necessary for the Investor/bank.
Key Points Cover in Details Project Report on Banana Wafer Manufacturing
As mentioned above, Banana Wafer Manufacturing Detail Project Report (DPR) is a complete package that contains everything that requires getting funds up to 25 Crores (Twenty Five Crores). Checkout our DPR sample to make your vision more clear. Usually, the Detailed Project Report (DPR) is needed when you apply for a bank loan or Government scheme. Project Report Bank aims to create the reports accurately from the start and make sure that businessmen get the right value and results from the reports.
The following are the key points we generally covers while making DPR, whichever relevant to your business :-
- Introduction to Project and Industry
- Executive Summary
- Profile of the business in the country
- Project Evaluation – Social Angle
- Analysis of basic variables
- Socio- Economic Advantage
- Impact on environment
- Foreign Trade Income
- Value addition
- Import replacement
- Technology assimilation and so on
- Present condition of the business
- Consumer Inclinations
- Market Prerequisites
- Market Portions
- Distribution Channels
- Market Qualities of the Item
- Export Possibilities and Global Market
- Marketing and selling game plans
- SWOT Analysis
- Particulars Of Existing / Proposed Bank Credit Facilities (Form – I)
- Projected Profitability Statement ( Form – II)
- Projected Balance Sheet (Form – III)
- Comparative Operation Statement (Form – IV)
- Maximum Permissible Bank Finance MPBF – (Form – V)
- Cash Flow Statement – (Form – VI)
Monetary Projections Details Contains:
- Cost of Project & Means of Finance
- Details of Raw Materials
- Details of Utilities
- Human Resources Planning
- Technical Manufacturing Business Process
- Assumptions in monetary projections
- Projected Sales & Production
- Cost of Production and Profitability
- Fund Flow Statement
- Working Capital Cycle
- DSCR – Debt Service Coverage Ratio
- BEP – Break Even Point Analysis
- IRR – Internal Rate of Return
- ISCR – Interest Service Coverage Ratio
- Calculation of payback period
- Debt to Equity Ratio
- Working Notes for Monetary Projections
- EBIT – Earnings before interest and taxes
- EBITDA – earnings before interest, taxes, depreciation, and amortization
- Cash Burn Rate
- Discounted Cash Inflow & Outflow
- NPV – Net Present Value
- Net Worth
Report Size : 40 – 50 Pages,
In which, Financial Projections : 18 – 20 Pages
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7. SWOT Analysis
The banana wafer-making business process is very simple and it is a highly profitable business. Banana chips are usually served as appetizers, side dishes, or snacks so it has great demand in the market. People often seek banana wafers, and it’s a consumable item in one-go that has a good scope if you invest in.
For starting the banana wafer manufacturing business you have to do a lot of government registration which is very hectic and takes a lot of time. Banana wafer manufacturing business requires both manmade and machinery capital.
There is a big market for banana chips and they can be sold in various retail shops, bus stands, railway stations, etc. For earning more profit you can sell banana wafers online like Amazon Pantry, Reliance fresh, etc.
To start a banana wafer manufacturing business it is quite difficult to earn a good product image in the market. To make your banana wafer manufacturing business name in the market you have to do a lot of hard work. Sometimes competitors spread false rumors about the quality of the product that you sell.
Banana wafer making is a profitable business. With this, you can also run units to make potato chips.
Banana Wafer Manufacturing Business Plan
A clear project report on Banana Wafer Manufacturing is crucial for your success as an entrepreneur. Therefore, you wish to contemplate some important, like your initial costs, your target market, and how long it’ll see you interrupt even. Draft a proper project report on Banana Wafer Manufacturing that is also describes your expected income, product and repair lines, expansion plans, and other details of your business. A well-drafted project report will also facilitate you in applying for any bank loan. Therefore, you can get a well draft project report from our website www.projectreportbank.com
FAQ – frequently asked questions
How do you make banana chips crisp again?
Make sure the oven settings are not too hot as you do not want them to get over-cooked. Allow the chips to heat for about 5–10 minutes, take them out, and wait for them to cool. After this you will see that all the moisture has evaporated, giving you back the crisp chips again.
Can you dry a banana in the microwave?
To prevent sticking, lightly spray your glass microwave tray with cooking spray, then arrange thinly sliced banana pieces on the tray. Microwave on defrost mode for 10 to 15 minutes, flip midway. When ready your banana slices will dry to the touch.
Are banana chips well for you?
Although this snack boasts fiber and some vitamins and minerals, these benefits are quickly offset by fat, calories, and sugar content. In addition, since banana chips are dehydrated and fried, they are extremely tasty and can be eaten whole.
Which banana is used for chips?
Nendran banana is used for making chips in parts of South India, nendran is the most suitable variety for making chips. Traditionally, raw Nendran bananas are skinned, made into thin slices, and then deep-fried in coconut oil.
Do dried bananas expire?
Dried bananas will keep at normal room temperature for about 6-12 months. Properly stored, dried bananas will retain the best quality for about 12 to 18 months, but will be safe beyond that time.
Can I Freeze Banana Chips?
After the chips have dried completely, let them cool then store them in an airtight storage container. Use a freezer bag and store it in the freezer. The quality of the chips will last longer in a cold/cold dark storage area (freezer). Chips are great for snacking or adding to dishes for a surprise treat.
Can you rehydrate dried banana chips?
Add 3 parts water to 1 part banana. Allow the dehydrated banana chips to hydrate for about 20 minutes or until completely rehydrated.
Why are my Homemade Chips Wet?
In contact with oil, moisture on the surface of the chip, or any other food item, immediately evaporates, to eject volcanic jets of vapor that leach the oil. At the same time, the oil will seep in, making the food lead and wet. Most things cannot rapidly form a solid shell.