A business canvas model on vermicomposting process: Key insights onto technological and economical aspects
2022
Thirunavukkarasu, Arunachalam | Nithya, Rajarathinam | Kumar, Subbian Makesh | Priyadharshini, Venkatachalam | Kumar, Balakrishnan Prem | Premnath, Paneerselvam | Sivashankar, Raja | Sathya, Arunachalam Bose
In the present study, a pilot-scaled size (0.5 tons) of the vermicomposting process was adopted using the vegetable waste as substrate for the earthworm, Eisenia fetida. The harvested vermicompost was technically assessed for its stability, maturity and other physicochemical parameters. Further, the study has provided a comprehensive examination of the cost economics of the vermicomposting along with the SWOT analysis. Key insights on the cost-benefit breakdown and economic analysis were discussed and a net profit ratio of 139.5 % and 134.6 % was figured for the 2nd and 3rd harvesting years respectively. With 15 % of the discounting rate, the Net Present Worth (NPW) of cost and benefit were computed as Rs.7.63 lakh and Rs.11.94 lakh respectively and hence the Benefit-Cost Ratio (BCR) was observed as 1.56. With this superior BCR, the present study is presenting a technologically feasible and economically successful business model on vermicomposting for the young entrepreneurs and start-up aspirants.
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