As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?

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:  

• 5% requirement to be met by the borrower from his own sources, and   

• the balance 20% to be financed by a lending bank    

They also recommended that banks grant working capital to MSMEs, dispose of loan applications in a timely manner , and set up specialized bank branches for MSME loans.