Question
Under the Turnover Method (Nayak Committee), a micro
enterprise with projected turnover of ₹600 lakh should be sanctioned a WC limit of:Solution
Working Capital limit = 25% of projected turnover = 25% of ₹600 lakh = ₹150 lakh. Margin of 40% → Bank finance = 60% of ₹150 = ₹90 lakh.
Where was the new species of Amazon Anaconda discovered?
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