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A nursery business may be perfect for you if you love to surround yourself with lush greenery and are looking to make money. There are many who want to decorate their houses with plants and bonsai trees to evade the feeling of urban melancholy. 

A nursery business can cater to such a target audience and also make a difference by keeping the environment in cities greener. If you are planning to start a nursery business and want to partake in horticulture, you must have a clearly drawn-out nursery business plan. 

Read on to know all that you need to know about a nursery business plan and how you can pilot it smoothly.

A Step-by-Step Guide to Start a Nursery

The following is a step-by-step guide on how you create a robust nursery startup business plan and set it up to earn profits.

1. Deciding on the Types of Nurseries 

The foremost thing that you need to decide about your business plan is what kind of nursery you want to open. 

The following are different types of nursery businesses that you can set up:

  • Flower Nursery: These are the most common and beautiful nurseries that you can set up. As everyone loves to have flowers around, these nurseries can generate more earnings than any other. However, note that there’s a lot of competition when it comes to flower nurseries.

  • Vegetable Nursery: As people are turning more towards organic vegetables to avoid pesticides and carbides, vegetable nurseries are also garnering popularity. People nowadays seek to turn their terraces into organic gardens growing vegetables.Vegetable nurseries cater to such audiences.

  • Fruit Nursery: As is the case with vegetables, people want to consume organic fruits of superior quality. Fruit nursery businesses provide people with such fruits. However, they require more patience and continued efforts to grow these fruits.

  • Medicinal Nursery: A lot of plants carry medicinal values and are used to produce medicines that act as life savers. Such nurseries are currently the most profitable of the lot. 

2. Scouting for Land

One of the most crucial aspects for starting a nursery is land. Hence, it must be a part of your garden nursery business plan. The quality of plants that you grow depends on the fertility of the land.

When scouting for the land, it is important to look at the fertility and its nutritional qualities. So, when setting up a nursery, you can grow different plants either in your backyard or rent/purchase land for this purpose. 

Look for the following components when deciding on a suitable piece of land:

  • Moisture

  • Nutritional value of soil

  • Lack of presence of pests and insects

3. Permits for Land

Like any other business, when setting up a nursery, you would need to obtain a land use permit from the local authorities. To obtain a land-use permit, you will have to apply for it at the municipal council/corporation office. 

4. Agriculture Licence

Another important aspect of your plant or tree nursery business plan has to be obtaining an agricultural Licence. Once you obtain a land permit, you will need to apply for an agricultural Licence from the state agricultural department. 

An authority from the state agricultural department will inspect the land before granting a Licence for the same.

5. Purchasing Seeds and Saplings

After deciding the type of nursery you want to set up, the next step of your nursery business plan would be purchasing seeds and saplings. You can source different seeds and saplings from various gardening companies. 

6. Soil

The quality of plants that you want to grow for your nursery depends on the quality of the soil. It would be best to get the nutritional quality of the soil checked. This will help you identify the kind of nutrients the soil lacks for growing certain kinds of plants.

Moreover, to increase productivity, you must employ classical ploughing methods.

7. Buying Tools & Fertilisers

To utilise your nursery to its fullest capacity, you need to have certain tools for the following purposes: 

  • Ploughing and turning the soil

  • Sowing the seeds

  • Spraying insecticides

  • Removing weeds

  • Cutting the saplings 

In addition, for the proper growth of plants, you must use fertilisers. However, in order to ensure superior quality, it is always better to use organic manures.

8. Hiring Employees

Horticulture and nursery are a business that still remains human-centric in many ways. So, hiring a team with the required expertise and skills must be a crucial part of your nursery business plan. 

9. Marketing the Business

Marketing needs to be an important aspect of your nursery business plan in order to garner new customers. To advertise your business, you can use different marketing channels, such as:

  • Social media campaigns

  • Newspaper advertising

  • Door-to-door campaigning 

Read More

Comparison of Interest Rates Offered by Top Banks/NBFCs

If you wish to set up a nursery business and lack funds, you can avail of a business loan offered by various banks and NBFCs. The following table showcases the interest rates and the maximum repayment tenures offered by these lending institutions:

Our Partners

Interest Rate Range

Max Loan Amount/ Tenure

Avail Loan

Ambit Finvest 

20% onwards

36 months

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AYE Finance

28% onwards

36 months

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FlexiLoans

12% onwards

36 months

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IIFL Finance

18% onwards

60 months

Apply Now

InCred

20% onwards

48 months

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Indifi

16% onwards

36 months

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KreditBee

15% onwards

9 months 

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Lendingkart Finance Limited

15% onwards

36 months

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Protium Finance Limited

1.25% p.m. onwards

72 months

Apply Now

 Disclaimer: The interest rates mentioned in the above table are subject to change. For further information, please contact the lender.

Eligibility Criteria Loan to Start a Nursery Business

To be eligible to avail of a business loan to start a nursery business, you need to fulfil the following basic requirements:

  • Nationality: An Indian citizen (must be a Non-Resident Indian)

  • Age: Must be between 25 to 65 years

  • Employment Type: Must be a self-employed individual (professional or non-profession)

  • Business Type: Must be sole proprietorship, partnership, limited liability partnership, or a private limited company

Documents Required for a Loan to Start a Nursery Business

If you wish to avail of a business loan to start your nursery startup, you will need to submit the following documents:

  • PAN card, Voter’s ID card, passport, or driving licence to determine your identity

  • Aadhaar card, passport, lease agreement, or utility bills as proof of your domicile

  • Bank statement for the last 6 months

  • ITR form 

  • Balance sheet, and Profit and Loss (P&L) statement for the last 2 years

  • Business strategy

  • Map of the nursery’s location

  • Copy of different permits, Licences, and registration certificates obtained from the local and state government authorities

  • Proof of partnership agreement or sole proprietorship declaration (if any)

  • Certified copy of Memorandum and Articles of Association (if any)

How to Apply for a Nursery Business Loan at Bajaj Markets

In order to apply for a nursery business loan, you need to follow these simple steps:

  • Step 1: Click on 'Apply Now' on this page

  • Step 2: Complete the application form by providing all the required details

  • Step 3: Click on the 'Check Your Offer' button

  • Step 4: Enter additional details

  • Step 5: Compare the lenders and select the preferred one

  • Step 6: Enter the desired loan amount, repayment tenure

  • Step 7: Submit your application

Once you have completed this process, a representative will get in touch with you to take the process further.

In conclusion, you can start a nursery business plan if you love to partake in horticulture and wish to make money from the same. However, to get desired results and make the business profitable, you need to chalk out a robust nursery business plan.

Moreover, in case you lack funds, you can still fulfil your dream of setting up a nursery by availing a business loan from Bajaj Markets.

FAQs for Nursery Business Plan

To start a sizable unit of a nursery, you will be required to invest about ₹3-4 Lakhs.

 

While it depends on a number of factors, a nursery business is generally profitable. Moreover, you can make it profitable if you plan for the future and stick to a robust nursery business plan.

To get a Licence to set up a nursery, you will need to get a land-use permit from the local authorities. After that, you can apply for an agricultural Licence which will be issued after an inspection by an authority from the state agricultural department. 

 

Yes, to sell plants, you need to obtain a general business licence. 

 

Yes, while it depends on a number of internal and external factors, a plant necessary is generally a profitable business. You can make it profitable by chalking out a plant nursery business plan and working accordingly. 

 

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