5 Business Ideas Under 1 Lakh That Are Going to Boom in Next 2 Years
People search for 5 business ideas under 1 lakh that are going to boom in next 2 years because job security is declining and smart income sources are becoming essential.
In India, rising costs, digital adoption, and government support for small businesses are pushing people to start low-investment, high-potential ventures.
This guide focuses on practical business ideas that require less than ₹1 lakh, have real market demand, and align with current economic and consumer trends.
The aim is not fast money but sustainable income with manageable risk, legal clarity, and long-term growth potential.
Eligibility & Applicability
Before choosing any of these business ideas under 1 lakh, it is important to understand who can start and who should consider them.
- Indian citizens with basic education and willingness to learn
- Students, job seekers, salaried employees, and homemakers
- Individuals looking for full-time or part-time income
- People with access to a bank account and basic documents
Most of these businesses do not require prior experience, but consistency and skill development are essential.
Minors cannot legally register businesses, but parents or guardians can start and operate businesses on their behalf.
Digital Marketing & Local Lead Generation Business
Digital marketing and lead generation is one of the fastest-growing low-investment business ideas in India.
Scheme Overview
This business involves helping local businesses get customers through Google, social media, and online platforms.
Why It Suits This Topic
Every small business needs online visibility, and demand is growing faster than trained service providers.
Investment Rules
- Initial investment between ₹30,000 to ₹60,000
- No fixed lock-in period
- Can be started from home
Returns Explained Logically
Income depends on number of clients and service pricing.
Monthly earnings typically range from ₹40,000 to ₹1,50,000 as skills and client base grow.
Real-Life Example
A person manages Google listings and ads for five local shops and earns monthly retainers from each client.
Who Should Choose This Scheme
This business suits students, freelancers, and professionals comfortable with computers and communication.
Cloud Kitchen or Home-Based Food Business
Cloud kitchens are becoming popular due to food delivery platforms and changing eating habits.
Scheme Overview
A cloud kitchen prepares food from home or a small kitchen without a dine-in facility.
Why It Suits This Topic
People prefer hygienic, niche food options, and starting costs are lower than restaurants.
Investment Rules
- Investment ranges from ₹60,000 to ₹1 lakh
- Food license and local permissions required
- No long-term lease required initially
Returns Explained Logically
Margins depend on menu pricing and order volume.
Monthly profits can range from ₹30,000 to ₹1,00,000 after stabilisation.
Real-Life Example
A home-based cook sells lunch boxes through food delivery apps and gains repeat customers.
Who Should Choose This Scheme
This option is ideal for homemakers, couples, and food enthusiasts.
Solar Product Sales & Referral Business
Solar energy demand is rising due to electricity costs and government incentives.
Scheme Overview
This business focuses on selling or referring solar panel installations and related products.
Why It Suits This Topic
Installation companies need sales leads, and commissions are attractive.
Investment Rules
- Investment between ₹25,000 to ₹50,000
- No technical installation required
- Commission-based income
Returns Explained Logically
Each successful installation can generate commission income.
Monthly income may range from ₹30,000 to ₹2,00,000 depending on lead conversion.
Real-Life Example
A local agent connects homeowners with solar installers and earns per-project commissions.
Who Should Choose This Scheme
This suits sales-oriented individuals and digital marketers.
Mobile Repair & Refurbished Phone Reselling
Mobile phone usage is increasing while new device prices continue to rise.
Scheme Overview
This business involves repairing phones and reselling refurbished devices.
Why It Suits This Topic
High demand exists for affordable smartphones and quick repair services.
Investment Rules
- Investment between ₹50,000 to ₹80,000
- Short training period required
- Fast inventory turnover
Returns Explained Logically
Profit margins vary by device and repair complexity.
Monthly income generally ranges from ₹40,000 to ₹1,00,000.
Real-Life Example
A technician repairs used phones and resells them locally for profit.
Who Should Choose This Scheme
This business suits youth interested in technology and hands-on work.
Local Services Aggregator Business
People often struggle to find trusted local service providers.
Scheme Overview
This business connects customers with electricians, plumbers, tutors, and drivers.
Why It Suits This Topic
Demand is consistent, and operational costs are minimal.
Investment Rules
- Investment between ₹20,000 to ₹40,000
- No inventory required
- Commission-based earnings
Returns Explained Logically
Income grows with network size and repeat bookings.
Monthly income can range from ₹30,000 to ₹1,00,000.
Real-Life Example
A local coordinator manages bookings and earns commission per service.
Who Should Choose This Scheme
This is suitable for people with strong local connections.
Comparison Logic
All five business ideas under 1 lakh serve different risk and effort levels.
| Business Idea | Risk Level | Investment | Growth Potential |
|---|---|---|---|
| Digital Marketing | Low | ₹30k–₹60k | Very High |
| Cloud Kitchen | Medium | ₹60k–₹1L | High |
| Solar Referral | Low | ₹25k–₹50k | High |
| Mobile Repair | Medium | ₹50k–₹80k | Medium |
| Service Aggregator | Low | ₹20k–₹40k | High |
How to Apply
Starting these businesses requires basic formalities.
- Open a bank account if not available
- Register under MSME where applicable
- Obtain local licenses if required
- Set up basic digital presence
Official Information Source
For official guidance, subsidies, and business registration support, refer to MSME portals and state entrepreneurship departments.
Government policies, incentives, and compliance rules may change over time.
FAQs
Is ₹1 lakh enough to start a business?
Yes, with the right idea and execution, ₹1 lakh is sufficient.
Which business is safest under ₹1 lakh?
Service-based businesses generally carry lower risk.
Can I start while working a job?
Yes, many of these ideas work as part-time ventures.
Do I need registration?
Basic registration improves credibility and compliance.
How long before income starts?
Most businesses show income within 3 to 6 months.
Conclusion
Choosing the right business idea under 1 lakh depends on skills, time, and risk tolerance.
With consistent effort and market understanding, these businesses can grow steadily over the next two years.
Early planning and disciplined execution are key to long-term success.