do starting a youtube video production require huge budget
The simple answer to your question is "No, starting a YouTube video channel does not require a huge budget."  There are YouTube channels that consist only of videos made using smartphones.

If you want to shoot for higher production values than that, you should be more specific in your question and you might get a more specific answer.  But the simple answer is: if you have a smartphone with video capabilities, you can start a YouTube channel with just that.