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You will need to show the ability of a minimum Rs 25 Lakh in the case of normal pump and Rs 12 Lakh in the case of rural petrol pumps.The following forms of investment are considered as eligible funds: Funds in the savings account or deposited in the bank or registered companies or postal schemes. Shares of the listed companies from the Demat account. However, the cash in hand and the jewellery are not the valid propositions. 50% concession is available for candidates belonging to SC/ ST.
Additionally, the current account balance will not be considered. You will need to pay the application fee in the form of Demand Draft (DD) of scheduled bank drawn in favor of concerned Oil Company. Additionally, one applicant cannot apply for more than one location.
Generally, you will need to apply for the dealership with a nominal application fee. Moreover, one application for one applicant for one location.
However, the business entirely depends on the local demographics.
We must say, starting a petrol pump is not at all an easy task.
You must have a substantial investment capacity for this business.
On an around, you will need to prepare with a cash of 50-60 Lakh.
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The main goal of this thesis is to create business plan for the establishment of the petrol station operating as BENZINA franchise.
Entrepreneurship, requirements of the business plan, franchising and definition of used analysis are described in the theoretical part.