Question

    What is the maximum loan amount that can be assessed

    under the Nayak Committee's Turnover Method?
    A ₹2 crore Correct Answer Incorrect Answer
    B ₹3 crore Correct Answer Incorrect Answer
    C ₹4 crore Correct Answer Incorrect Answer
    D ₹5 crore Correct Answer Incorrect Answer
    E ₹6 crore Correct Answer Incorrect Answer

    Solution

    The Nayak Committee recommended the Turnover Method for working capital assessment for businesses with credit needs up to ₹5 crore. Beyond this, more detailed appraisal methods are used.

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