Mineral Based

Gem Cutting and Polishing

₹16.2 L(₹16,20,000) · ₹10–25LUp to 35% subsidy

Gem cutting and polishing unit · Quality inspection · Raw material inventory man

The pitch

Produces precision-cut and polished gemstones from raw mineral input using diamond-tipped tools, ultrasonic cleaners, and computerized gem-cutting machines for jewelry manufacturers and retailers.

Wholesale buyers: jewelry manufacturers, retail jewelers, and export houses. Channels: direct B2B sales, trade exhibitions, and online B2B platforms like IndiaMart. Operations run 8-hour shifts with 2–3 skilled cutters. Raw minerals are cut, polished, inspected for clarity and dimensions, then packed for dispatch. Inventory turns depend on order volume and seasonal demand.

Sample project cost ₹16,20,000 covers machinery (gem-cutting lathes, polishing units, measuring instruments), shopfront construction, working capital for raw minerals, and basic QA equipment.

Watch-outs

Idea-specific discussion points — not automatic disqualification

Skill-intensive work
Requires trained gem cutters; attrition and training costs can impact output quality and timelines.
Raw material price volatility
Gemstone costs fluctuate with market rates; buffer working capital needed to manage price spikes.
Quality consistency
Minor cutting errors lead to material loss; strict QC protocols and experienced staff are critical for acceptable yield.

Education gate

Other funding routes worth checking

Beyond PMEGP — schemes that may complement this project's sector or cost band.

S&T-PRISMGrant

Scheme supporting startups and MSMEs developing innovations in mining, mineral processing, metallurgy, and recycling.

MSME ChampionsMarket Access

Helps MSMEs upgrade quality, technology, and design, and become more competitive, through ZED certification, Lean manufacturing, and innovation/IPR support.

National SC-ST HubMarket Access

Support for SC/ST entrepreneurs — capital subsidy, capacity building, and public-procurement access.

For SC/ST entrepreneurs

Browse all schemes

Show the proof

Sourcing — coming soon

Scheme mechanics

PMEGP - Prime Minister Employment Generation Programme

VIII pass qualification typically required for manufacturing units over ₹10L; verify current PMEGP eligibility criteria for mineral-based industries.

Plan the money

Subsidy split, EMI, and an indicative breakeven — adjust the assumptions to your own numbers.

Financial planner

Subsidy split, EMI, and an indicative breakeven — for discussion only (indicative-2026-08-01).

Beneficiary categoryAreaFull-capacity annual revenue (₹)Estimated

Utilization Y1: 50%Margin on sales: 15%Bank interest rate: 10%Loan tenure: 7 yrs

Margin money (25%)

₹4,05,000

Own contribution (10%)

₹1,62,000

Bank credit (illustrative)

₹10,53,000

Estimated EMI

₹17,481/mo

Breakeven

Month 59

Indicative DSCR

1.16

Figures are illustrative for discussion, not a sanction estimate.
Actual margin money and contribution depend on current PMEGP guidelines and implementing agency.
Land cost is generally excluded from project cost under the scheme.
Full-capacity revenue is estimated at 2× project cost (₹16.2 L) — adjust it to your own numbers.

Indicative only — actual bank DSCR calculations add back depreciation; treat this as a sense-check, not a bank figure. Verify with your CA/bank before applying.

Next 90 days

Set up shop and install machinery
Hire and train 2–3 skilled cutters
Source initial raw mineral inventory
Obtain MSME and GST registrations
Launch B2B sales outreach to local jewelers

Disclaimer: Costs and sample reports are published by PMEGP / MSME authorities. FoundersOffice Idea Browser is an independent discovery and briefing tool — not affiliated with the Government of India, MSME, KVIC, DIC, or any bank. Nothing here is a sanction, loan offer, or guarantee of subsidy. Heuristics and future scores are advisory; verify on the official portal before applying.

Sample profile sourced from the PMEGP scheme (Ministry of MSME) · verify against the official PDF before filing.

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