‘Project Report on Cucumber under Polyhouse’

PROJECT REPORT ON

Cucumber Under Polyhouse

SUBMITTED BY

Promoter Name
xxxxxxxxxxxxxxxxxx

Project Location
Xxxxxxxxxxxxxxxxxxxxxx

Prepared by:
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1187/67, Ground Floor, Gruhalaxmi,
J.M. Road, near Balgandharva Chowk,
Pune, Maharashtra 411005.
 ‘Project Report on Cucumber under Polyhouse’

CONTENTS

CHAPTER PARTICULARS
NOS.

I. ABOUT THE PROMOTER

II. PROJECT DESCRIPTION

III. MARKET POTENTIAL

IV. SWOT ANALYSIS

V. ECONOMICS OF THE PROJECT

A. Project Profile (Financial)

B. Basis & Presumptions

C. Total Cost of Project-

Capital Cost

Working Capital

D. Means of Finance

E. Projected Profitability

F. Financial Analysis

G. Term Loan Repayment

 ‘Project Report on Cucumber under Polyhouse’

CHAPTER - I

ABOUT THE PROMOTER

1. Name: xxxxxxxxxxxxxxxxxx

2. Address: xxxxxxxxxxxxxxxxxx

3. Education: xxxxxxxxxxxxxxxxxx

4. Date of Birth: xxxxxxxxxxxxxxxxxx

5. Experience: xxxxxxxxxxxxxxxxxx

6 Project Location : xxxxxxxxxxxxxxxxxx

7. Constitution : xxxxxxxxxxxxxxxxx
 ‘Project Report on Cucumber under Polyhouse’

CHAPTER – II

PROJECT DESCRIPTION

Introduction

European Cucumber is one of the important high value vegetable crops cultivated in green houses and to the some extent
under shade net house in milder climatic regions. It is rich in vitamin-A, C and minerals. In addition to the quantum jump in
yield, the superior quality and substantial reduction in the use of pesticides, makes it an economic and eco friendly produce
to grow Cucumber in green houses round the year.

Greenhouse variants of cucumber are much longer than the other types of cucumbers. They are also heavier. The skin
tone of the cucumbers is forest green and the texture is softer meaning that many greenhouse owners cover their
cucumbers individually to protect them from bruises.

Nowadays the trend of growing cucumbers in greenhouses is parallel to growing tomatoes. The reason for this is that the
cucumber is a type of semi-tropical vegetable that needs moisture, temperature, humidity, high light and fertiliser. If
ailments and insects can be prevented cucumbers can yield in record numbers, but the cucumber is more sensitive to low
temperatures than tomatoes. Progressive growers are opting for growing greenhouse cucumbers and it can be a profitable
business, however for growing cucumbers in a greenhouse the plant roots require excellent aeration. It is imperative to
have a good drainage system. The soil needs to be made friable and organic substance need to be added to it. The
seedless and long European cucumbers have become more popular compared to the North American varieties. The
benefit of the European varieties is that one can eat them without peeling. Often the thin skinned varieties are shrink
wrapped and waxed to evade excessive moisture loss. This cucumber does not require pollination as it is a
parthenocarpics species. The European cucumbers are not resistant to all types of insects. Like their American
counterparts they fall prey to certain diseases. To counter the menace of insect attack natural predators and useful insects
can be used. The cucumber plants require plenty of sunlight and extra artificial light can be used for quickening the growth
and germination. Just like the greenhouse tomato the greenhouse cucumber needs a perfect balance of nutrients for
yielding good crops. It needs a generous amount of fertilisers though. Water requirement of the cucumber plants is also
quite high. It is ideal to use warm water for hydrating the soil. When setting up the greenhouse it is important to ensure
consistent growth of fruits and vegetables within it.

Production Technology

The success of projects will mainly depend on the adoption of innovative technology for both production and post harvest
management. Salient features of the Production Technology that will be followed are outlined below.

Project Location:

It is possible to produce the Cucumber in polyhouse commercially in almost all locations of the country . However, the
availability of good quality water, labour and infrastructures facilities such as electricity, road and communication are the
factors taken in to account for selection of location.

Polyhouse Shed:

The structural material, which will be used for polyhouse, is of G. I. pipes. The polythene film will be U.V. stabilized of 250-
micron thickness. The polyfilm has to be replaced after 3 to 5 year. To reduce light intensity during summer, the shade net
of 50% will be used and Lime will be painted on the polyfilm. The four way foggers will be used for maintaining required
humidity in the polyhouse.

Growing beds and soil sterilization

 ‘Project Report on Cucumber under Polyhouse’

The soil inside the polyhouse is loosened to fine tilth and then beds are formed at 75cm width with 45cm height and eaving
45cm working space between two beds. Before bed formation, well decomposed organic manure or Vermicompost along
with sand, saw dust is added to soil @ 10kg per m2. The beds are drenched with 4% formaldehyde (4litres/m2 of the bed)
and covered with polythene sheet for 3-5 days. Afterwards, the polythene is removed; the beds are raked repeatedly every
day to remove the trapped formaldehyde fumes completely prior to planting.

Planting, pruning and training

The ready seedlings are planted at spacing of 60cm between rows as paired row system by keeping 30 cm between plants
on raised beds. Before planting, the seedlings are sprayed with Imidacloprid (0.3mVl) to prevent any sucking pest
infestation in the polyhouse. Watering the bed is done daily with a rose can till the seedlings get established well.
Afterwards drip irrigation is started daily to supply 2-3 litres of water per square meter per day depending on the local
weather condition.

Fertigation

The total dose of 150 kg each of N: P205:~O per hectare using water soluble fertilizers is given through fertigation for entire
crop growth period of 6-8 months. Water soluble fertilizer supplying 19% each NPK is used at the rate of 2.5-4g/m2 for
every fertigation by giving twice a week starting from third week after planting.

Disease and pest control

Thrips and mites: It is a sucking pest affects most of the green house crops. Minute insects with fringed wings, serious
during dry periods (high temperature). Affected leaves show upward (thrips) and downward (mites) curling and it also
market value and quality of fruits due to scnipping on the fruit surface. To control thrips, spraying of Acephate (1g/l) or
Imidac10prid (O.3mlll) or Fipronil (Imlll) is given.
Bacterial wilt: It is caused by soil bacterium which is naturally present in the acidic soils of coastal area. Sudden wilting of
plant is observed due to blockage in the xylem vessels. Drenching with Streptocyc1ine (1.5g/l) is generally
practised

Post Harvest Handling and Storage

Fruits are graded to size and colour to ensure a uniform attractive pack. Shrink wrapping each fruit and storing at
7-8°C will enhance storability up to 45-60 days.
 ‘Project Report on Cucumber under Polyhouse’

CHAPTER – III

MARKET POTENTIAL

Marketing of Cucumber is the crucial factor for the success of the project. There is tremendous
potential for cultivating Cucumber through poly houses. In India, Cucumber is grown for its mature
fruits and is widely used as salad. It has attained a status of high value crop in India in the recent
years and occupies a pride place among vegetables in Indian cuisine, because of its delicate taste
and rich content of ascorbic acid and other vitamins and minerals. The mature fruits of Cucumber are
eaten raw.

Cucumber consumption in India is increasing now-a-days due to increasing demand by urban

consumers. There is a good demand for export too. The export market needs fruits with longer shelf
life, medium size, tetra lobed fruits with an attractive dark colour, mild pungency and good taste. But,
the supply is inadequate due to low productivity of the crop. But there is increased demand for
Cucumber by the consumers and lot of farmers are also showing interest in the cultivation of this
crop under protected conditions, as this type is having definite qualitative and quantitative advantage
over the traditional cultivation.
 ‘Project Report on Cucumber under Polyhouse’

CHAPTER – IV
SWOT ANALYSIS

Strengths:

 Domestic market for Cucumber is growing.

 The Governments have identified vegetables in polyhouse as a sunrise sector and are
providing strong support through various policies and schemes.

WEAKNESS:

 High capital investment

 Demand fluctuate according to different seasons
 Unavailability of skilled manpower
 Incidence of pest and diseases many a times becomes unmanageable.
 Poor marketing linkage and poor market infrastructure.
 Non-availability of adequate quality planting material.
 Poor post-harvest management infrastructure. Due to the perishable nature of the products
it’s important to have enough transportation and good logistics facilities.
 Negligence to research relating to technical factors

OPPORTUNITY:

 There is tremendous demand for Cucumber due to the growing popularity of western life
style
 Access to metropolises like Kolkata, Chennai, Mumbai and Delhi etc. and other big cities
enhances the possibilities for tapping market of these states.
 Growing consumer base with higher income is expected to add demand in new market
 Availability of new and unique varieties

THREATS:

 Uncertainty in weather conditions and frequent occurrence of natural calamities like cyclone
and drought.
 Uncertainty about market stability
 Exploitation by middlemen in the market chain.
 High incidence of pest and diseases.
 Project Report on Cucumber Under Polyhouse

V. ECONOMICS OF THE PROJECT

A. PROJECT PROFILE (Financial)

Sr. No. PARAMETERS VALUE

1 Unit Size in sq.m. 4,000

2 Product Cucumber

3 Cost of the project 33,76,000

4 Bank loan/Farmers Share 10,12,800

5 Subsidy entitement from 23,63,200

7 Financial Indicators

BCR at 15% DF 1.15 :1

NPW at 15% DF Rs. 9,72,376

IRR% 35

7 Average DSCR 6.0

8 Interest Rate (% per annum) 8.07

9 Repayment 7 years
 Project Report on Cucumber Under Polyhouse

B. BASIS & PRESUMPTIONS

Sr. No. Particular Unit Quantity

I. Techno-economic parameters

Mortality % 5

Plant density plants per 3.5

sq.m.
Total no of plants Nos. 14000

Payback period 7 years

II. Expenditure norms

Cost of seedling Rs./ 12

seedling
Fertilizer per annum sq ft. 40

Pesticides per annum sq ft. 40

No of semiskilled workers Nos. 4

Cost of one semiskilled worker Rs. 84,000

per annum
II. Income norms

Sale price of Cucumber Rs./Kg 20

Yield per plant per crop cycle Kg. 2.5

Crop cycles per year 2

Subsidy received from N.H.M. treated as F.D. in bank @ 6%

This amount of subsidy is used for repayment of loan

 Project Report on Cucumber Under Polyhouse

C. TOTAL COST OF PROJECT

Unit rate
Sr. No. Particular Unit Quantity Amount in Rs.
in Rs.

I. Cost of Greenhouse along with Micro, SQ.M. 844 4,000 33,76,000

Fogging and Drip Irrigation System &
initial Planting

TOTAL 33,76,000.00
 Project Report on Cucumber Under Polyhouse

D. MEANS OF FINANCE

Sr. No. Particular Amount in Rs.

1 Bank loan/ Farmers Share 10,12,800

@ 30%

2 Subsidy entitement from 23,63,200

Rajasthan Horticulture Mission
@ 70%

TOTAL 33,76,000.00
 Project Report on Cucumber Under Polyhouse

E. PROJECTION OF PERFORMANCE & PROFITABILITY

Unit
Quanti
Sr. No. Particular Unit rate in I year II year III year IV year V year VI year VII year
ty
Rs.
I. Income
a. Sale of Cucumber
Total Number of plants Nos. 14,000 14,000 14,000 14,000 14,000 14,000 14,000
Yield per plant per crop cycle Kg 2.5 2.5 2.5 2.5 2.5 2.5 2.5
Total yield per annum ( Crop cycles Kg 70,000 70,000 70,000 70,000 70,000 70,000 70,000
per annum- 2)
Selling price Rs./kg 20 20 20 20 20 20 20
Total Income Rs. 14,00,000 14,00,000 14,00,000 14,00,000 14,00,000 14,00,000 14,00,000
b. Interest on Subsidy @ 6% 1,41,792 1,41,792 1,41,792 1,41,792 1,41,792 1,41,792 1,41,792
c. Subsidy 0 0 0 0 0 0 23,63,200
TOTAL (B) 15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 39,04,992
II. Expenditure
a. Cost of Raw Materials
Fertilisers per sq.m. 40 4,000 1,60,000 1,60,000 1,60,000 1,60,000 1,60,000 1,60,000 1,60,000
Pesticides & fungicides per sq.m. 40 4,000 1,60,000 1,60,000 1,60,000 1,60,000 1,60,000 160000 160000
b. Cost of Consumbles
Packaging material per kg 0.50 70,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000
c. Cost of Utilities
Electricity, Water per sq.m. 25 4,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000
d. Cost of Manpower
Semiskilled workers per annum 84,000 4 3,36,000 3,36,000 3,36,000 3,36,000 3,36,000 3,36,000 3,36,000
e. Overhead Expenses
Transportation per month 1000 12 12,000 12,000 12,000 12,000 12,000 12,000 12,000
Marketing expenses 1% of sales 14,000 14,000 14,000 14,000 14,000 14,000 14,000
TOTAL (A) 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000

III Net Income TOTAL (A+B) 7,24,792 7,24,792 7,24,792 7,24,792 7,24,792 7,24,792 30,87,992
 Project Report on Cucumber Under Polyhouse

F. Financial Analysis

Particulars I year II year III year IV year V year VI year VII year

Capital Costs 33,76,000

8,17,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000
Recurring cost
41,93,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000 8,17,000
Total Cost

Benefit 15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 39,04,992

Depreciated value of Machinery 14,46,616

& equipments @ 15%

15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 15,41,792 53,51,608

Total Benefit
-26,51,208 7,24,792 7,24,792 7,24,792 7,24,792 7,24,792 45,34,608
Net Benefit

Discounting Factor@ 15% 0.87 0.76 0.66 0.57 0.50 0.43 0.38
36,47,910 6,20,920 5,39,220 4,65,690 4,08,500 3,52,944 3,07,192
NPV cost at 15% DF
13,41,359 11,71,762 10,17,583 8,78,821 7,70,896 6,66,054 14,68,277
NPV benefits at 15% DF
9,72,376
NPW at 15% DF

BCR at 15% DF 1.15 :1

IRR % 34.64
-2651208 1 -2651208 1 -2651208
 Project Report on Cucumber Under Polyhouse

G. Term Loan Repayment

Rate of interst - % per annum : 8.07

Opening balance of term loan : 10,12,800

Loan Total
Gross Net
Year Outstandi Principal Interest Repayme DSCR
Surplus Surplus
ng nt

1 10,12,800 7,24,792 144686 81682 226368 4,98,424 3.2

2 8,68,114 7,24,792 144686 70013 214699 5,10,093 3.4

3 7,23,429 7,24,792 144686 58345 203030 5,21,762 3.6

4 5,78,743 7,24,792 144686 46676 191361 5,33,431 3.8

5 4,34,057 7,24,792 144686 35007 179692 5,45,100 4.0

6 2,89,371 7,24,792 144686 23338 168024 5,56,768 4.3

7 1,44,686 30,87,992 144686 11669 156355 29,31,637 19.7

Avg. DSCR 6.0