Polymer & Chemical

Batting Gloves

₹6.3 L(₹6,29,000) · ₹5–10LUp to 35% subsidy

Process plant · QC · Inventory-heavy

The pitch

Manufactures polymer and chemical‑based batting gloves for cricket, assembling protective pads, grip, and ergonomic features in a small‑scale production unit.

Retail sports stores, e‑commerce platforms (Amazon, Flipkart), direct sales to cricket clubs and academies, and local sports equipment distributors. The unit will operate a continuous polymer extrusion line to produce glove blanks, followed by manual assembly of protective pads and grip layers. Finished gloves undergo QC for fit, durability, and chemical safety before packaging and dispatch.

₹6,29,000 covers the purchase of a small polymer extrusion and glove assembly unit, basic QC equipment, packaging machinery, initial inventory of raw materials, and working capital for the first 3 months.

Watch-outs

Idea-specific discussion points — not automatic disqualification

Raw Material Price Volatility
Polymer sheets and chemical additives can fluctuate; lock in bulk contracts or hedge to maintain cost stability.
Compliance with Safety Standards
Gloves must meet national safety norms for sports equipment; failure to comply can lead to product recalls and legal liabilities.
Market Competition and Pricing Pressure
The cricket glove market has established brands; pricing strategy must balance affordability with quality to capture market share.
Supply Chain Disruptions
Delays in raw material delivery or logistics can halt production; maintain buffer stock and multiple suppliers.

Pollution-sensitive

Show the proof

Sourcing — coming soon

Scheme mechanics

PMEGP – Micro Enterprise Credit Scheme

What bankers typically probe for this idea

Apply for a ₹6,29,000 loan under PMEGP with a 10% interest rate and 5‑year repayment period, ensuring collateral and business plan compliance.

No elevated education flag at this sample cost – verify current PMEGP guidelines for 8th pass eligibility and any skill‑training requirements.

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%)

₹1,57,250

Own contribution (10%)

₹62,900

Bank credit (illustrative)

₹4,08,850

Estimated EMI

₹6,787/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 (₹6.3 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 production facility and procure equipment (30 days).
Source polymer sheets, chemicals, and packaging materials; negotiate bulk pricing (15 days).
Hire and train 3–4 production staff and 1 QC officer (10 days).
Obtain necessary safety and quality certifications (15 days).
Run pilot batches, test product quality, and refine processes (10 days).
Launch marketing to local clubs and online platforms, and begin sales (10 days).

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

Small‑scale glove manufacturing aligns with PMEGP’s focus on low‑cost, high‑employment potential enterprises, providing a viable entry point for first‑time founders and CA consultants.

Polymer & Chemical