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    Question

    How is working capital provided by banks calculated

    under the Turnover Method?
    A 10% of turnover Correct Answer Incorrect Answer
    B 15% of turnover Correct Answer Incorrect Answer
    C 20% of turnover Correct Answer Incorrect Answer
    D 25% of turnover Correct Answer Incorrect Answer
    E 30% of turnover Correct Answer Incorrect Answer

    Solution

    Banks provide working capital equal to 20% of the projected annual turnover under the Turnover Method (recommended by the Nayak Committee) to simplify access for MSMEs with smaller credit needs.

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