This tree is called the money printing machine, the profit of the FD-Mutual Fund is dwarfed, you just have to be patient

New Delhi. India’s sandalwood is famous all over the world. Due to the increasing demand, it becomes more expensive every day. Meeting the demand has become a challenge for farmers. Therefore, the government is now encouraging people to grow sandalwood trees. Sandalwood is used in expensive perfumes and rituals. Sandalwood is also used in Ayurvedic medicines. It used to be only grown in southern India, but now that it is also bringing profits in the north, the trend among farmers has increased.

You can also become a millionaire by growing sandalwood. However, you have to be patient for this. This can be seen as a long-term investment. The investment for this is very low. The biggest investment is time. If you plan for the long term, you can certainly become a millionaire.

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Time in sandalwood cultivation
If you grow sandalwood organically, you will get cut wood in 10-15 years. On the other hand, when sandalwood trees are grown traditionally, it can take 20 to 25 years. There are two types of sandalwood: red and white/yellow. Red sandalwood is grown in South India and white sandalwood in North India. It doesn’t require much moisture. In addition to the sandalwood tree, any other tree can be planted 3 to 4 feet apart. This is because sandalwood gets its nutrition exclusively from other trees. There should be no pollution around the sandalwood tree, otherwise it will stop growing.

costs and income
The larger the area where the sandalwood tree is planted, the higher the profit. Here we are talking about profit and cost per hectare. A 2-2.5 year old sandalwood plant will be available for 150-200 rupees. You can plant 600 trees on one hectare. The tree will be suitable for wood in 10-15 years. Each tree is sold for 2-5 lakh rupees. Assuming 2 lakh rupees, you can get 12 crore rupees from 600 trees. If the tree is sold for 5 lakh rupees, the earnings will be 30 crore rupees. No mutual fund or FD can generate such a high return.

Help with sandalwood cultivation
The cultivation of sandalwood was once forbidden. Now the government is allowing this and is granting an additional subsidy of 28,000 to 30,000 rupees. However, the farmers have to sell this sandalwood back to the government. For this reason, farmers often withdraw from cultivation. You cannot cut down or use the sandalwood tree yourself. This requires notification to the Forest Service. Department officials come and buy sandalwood trees from you, cut them down, and take them away.

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