Medical Store / Pharmacy

About This Business

Open a retail pharmacy or medical store, one of India's most recession-proof businesses with steady, growing demand across urban and rural areas. You need a registered pharmacist (B.Pharm or D.Pharm) to run the store legally and a drug licence from the state drug controller. Margins on prescription medicines are regulated under DPCO, but ancillary products like nutraceuticals, supplements, OTC drugs, baby care, and medical devices offer 25 to 40 percent margins. Franchising with chains like Apollo Pharmacy, MedPlus, or 1mg simplifies operations and provides brand trust, while independent stores have higher margins but require more effort in inventory and supplier management. Locations near hospitals, clinics, and residential areas perform best.

Skills Required

Steps to Start

1. 1Obtain Drug License from State Drug Controller (Form 19/20)
2. 2Find a shop near a hospital, clinic, or residential area
3. 3Apply for MUDRA or PMEGP loan for working capital
4. 4Set up billing software and inventory management system
5. 5Register under GST and Udyam MSME

Registrations Needed

Related Government Schemes

Related Bank Loans

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