Question
As per the Nayak committee, an MSME can avail working
capital from a bank to the extent of ______ of its annual projected turnover?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.  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: Â
- 5% requirement to be met by the borrower from his own sources, and Â
- the balance 20% to be financed by a lending bank  Â
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