Medical Store / Pharmacy
About This Business
Open a retail pharmacy or medical store. Healthcare retail is a recession-proof business in India with consistent demand. You need a registered pharmacist (B.Pharm/D.Pharm) to run the store legally. Margins on medicines are regulated but ancillary products like supplements, OTC drugs, and medical devices offer better profits.
Estimated Investment
₹5,00,000 – ₹15,00,000
Expected Revenue
₹1,00,000 – ₹4,00,000/month
Investment Level
Medium
Suitable For
Skills Required
Steps to Start
- 1Obtain Drug License from State Drug Controller (Form 19/20)
- 2Find a shop near a hospital, clinic, or residential area
- 3Apply for MUDRA or PMEGP loan for working capital
- 4Set up billing software and inventory management system
- 5Register under GST and Udyam MSME
Registrations Needed
Related Government Schemes
Related Bank Loans
Official Links
Disclaimer
This business idea is provided for informational and educational purposes only. EduMetrics does not guarantee any returns, profits, or business outcomes. Investment figures and revenue estimates are indicative and may vary based on location, market conditions, and individual effort. Please conduct your own research and consult a financial advisor before making any investment decisions.