How much investment is required to open a petrol pump?
How much investment is required to open a petrol pump?
To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.
Is opening a petrol pump easy?
Exact expenditure on petrol pump opening can’t be the same throughout the country. But generally, the applicant will have to spend minimum Rs 15 to 20 lacs to open a petrol pump in rural areas while for urban areas this cost may be around Rs 30 to 35 lacs.
What are the documents required to open petrol pump?
Eligibility Criteria – To set up Petrol Pump in a rural area, the applicant must have a valid 10th mark sheet proof for verification of date of birth. – SC / ST / OBC applicants must be the 10th pass, whereas it must be the 12th pass for the general category.
Which bank gives loan for petrol pump?
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| Personal Loan Interest Rates December 2021 | |
|---|---|
| HDFC Bank | 10.25\% – 17.00\% |
| ICICI Bank | 10.50\% – 17.50\% |
| IndusInd Bank | 11.00\% – 23.00\% |
| Kotak Bank | 10.75\% |
Is petrol pump a profitable business in India?
Petrol pump business has always been considered one of the leading profit making businesses, not just in India, but globally as well. Besides, the Oil Marketing Companies (OMCs) are aiming to generate more viable opportunities in order to encourage the growth of petrol pump business in India in 2020-2021.
Why can’t petrol stations help disabled drivers?
But its also a challenge for petrol stations to help, sometimes they have people available, but sometimes they are single manned and can’t help for security reasons. For the disabled driver they don’t know which station can help, which can mean driving from station to station to find one that can help.
What is the qualification required to open a petrol pump?
The applicant of the SC / ST / OBC category shall be 10th pass while for the general category he/she must be 12th pass. 5. Applicant must be graduate if he/she wants to open a petrol pump in urban areas. 6. The criteria of minimum qualification is not applicable in the case of freedom fighters.
How to open a petrol pump business in India?
The set up of the business in the field of any business requires its procedures to be followed so that the business runs smoothly and without any hassle in the longer run. There are certain qualifications that have to be fulfilled in for opening a petrol pump in India so that there is less issues relating to the government requirements.
What are the rights of common men at petrol pumps?
In this article we are explaining some rights i.e. free air pressure, free Drinking water, First aid box, Toilets etc. entitled to common men at the Petrol pumps. There are more than 58000 petrol pumps in India out of which 95\% belong to Government oil company viz. India Oil Corporation, Bharat Petroleum, Hindustan Petroleum.