Economics of ghani oil enterprise in Punjab A study of an agro based industry

The present study was carried out with the objective to analyze the economics of ghani oil an agro based industry in Punjab. The primary data were collected from 40 villages of Fatehgarh Sahib district during the year 2015-16. A total number of 14 enterprises were found running ghani oil units. The proportion of landless, marginal, small, semi medium, medium entrepreneurs were 35.71 percent, 14.28 percent, 14.28 percent, 28.58 percent, and 7.15 percent respectively and none of the entrepreneur had large farms. The net returns were to the tune of Rs 82177 per annum. The payback period was 3.43 years. The major problem as reported by the entrepreneurs was of tough competition with large enterprises. The shortage of power, seasonal availability of raw material, shortage of labour and lack of marketing facilities were some of the other the important problems. Setting up more enterprises in villages, branding of the product and guarantee of uninterrupted power supply may help to promote the agro based village industries in the state.