If your city is one of the cities where the government has opened bidding for licenses, then the fees for license is about 4% of the annual turnover expected in your city, there is a complicated math to arrive at that. You would have to participate in the bidding process and if you succeed, you would have to spend about 50lac to 1 Cr, in building the infrastructure and setting up the station.
If you want a community radio station, you would have to be running an NGO / Institution, or partner with one. The cost of setting up a community radio will vary between 15lacs to 50 lacs.
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