Question
As per the Nayak committee, what percentage of its
annual projected turnover should a n MSME get as working capital from a bank?Solution
The Nayak Committee was set up by the Reserve Bank of India in December 1991 to review the working capital requirements of small and medium-sized enterprises (MSMEs). The committee recommended that MSMEs should have 20% of their annual projected turnover as working capital.Ā Ā Note - the working capital requirement of the MSME unit is calculated at 25% of the annual projected turnover . Out of the said Working Capital requirement: Ā
- 5% requirement to be met by the borrower from his own sources, andĀ Ā
- the balance 20% to be financed by a lending bank Ā Ā
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