Question

Under the simplified procedure for working capital finance to Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore, the working capital limit is computed based on:

A 10 percent of the projected annual turnover. Correct Answer Incorrect Answer
B 15 percent of the projected annual turnover. Correct Answer Incorrect Answer
C 20 percent of the projected annual turnover. Correct Answer Incorrect Answer
D 25 percent of the projected annual turnover. Correct Answer Incorrect Answer
E 30 percent of the projected annual turnover. Correct Answer Incorrect Answer

Solution

According to the provided information, MSE units with working capital limits of up to Rupees five crore are provided working capital finance computed on the basis of 20 percent of their projected annual turnover.

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