Service & Textile

Knitted Socks

₹7.5 L(₹7,52,000) · ₹5–10LUp to 35% subsidy

Knitting · Dyeing · Quality checking · Packaging · Inventory management

The pitch

Manufactures hand-knitted and machine-knitted woolen/cotton socks for men, women, and children, including custom designs and bulk orders for retail stores and export markets.

Direct B2B sales to textile retailers, footwear stores, and corporate gifting clients; online via e-commerce platforms; wholesale to regional distributors; export to neighboring countries through trade agents. Operates 3 shift cycles with 4 skilled knitters, 2 dyers, and 2 packers; raw cotton/wool sourced from local suppliers; finished goods stored in godown until dispatch; monthly production target 18,000 pairs.

Sample project cost: ₹7,52,000 covers knitting machines, dyeing unit, raw material storage, packaging area, and basic shop-floor setup for 500-700 pairs daily output.

Watch-outs

Idea-specific discussion points — not automatic disqualification

Raw material price volatility
Cotton and wool prices fluctuate seasonally; maintain 30-day buffer stock and negotiate fixed-rate contracts with suppliers.
Quality consistency in hand-finishing
Manual stitching and finishing may vary; implement standard operating procedures and train workers on quality benchmarks.
Export documentation compliance
International shipments require IEC, shipping bills, and customs clearance; engage licensed freight forwarder early in order cycle.

Education gate

Show the proof

Sourcing — coming soon

Scheme mechanics

PMEGP - Prime Minister Employment Generation Programme

VIII pass minimum; PMEGP requires formal education qualification for loan eligibility above ₹5 lakh projects; candidates without VIII can apply with vocational

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: 70%Margin on sales: 15%Bank interest rate: 10%Loan tenure: 7 yrs

Margin money (25%)

₹1,88,000

Own contribution (10%)

₹75,200

Bank credit (illustrative)

₹4,88,800

Estimated EMI

₹8,115/mo

Breakeven

Month 15

Indicative DSCR

1.62

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 (₹7.5 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

Register business entity and obtain GSTIN within 30 days
Source and install knitting machines; begin trial production
Set up dyeing unit with proper ventilation and effluent handling
Create standard costing sheet for raw materials and labor
Open current account and establish banking relationships

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.

Engage Founder's Office & Co

Similar process / compliance profile

Textile sector employment is high in rural clusters; socks have consistent domestic demand; export markets open via NTB and SAARC agreements; aligns with 'Make in India' and Atmanirbhar Bharat initiatives.

Service & Textile