RBI has recommended methods to finance working capital requirements
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Explanation:
According to these guidelines: Borrowers with a working capital limit of Rs 150 crore and above will need avail of the first 40 percent of their limit in the form of a "working capital demand loan". This provision comes into effect from April 1, 2019. From July 1, the loan component will go up to 60 percent
Answered by
0
Explanation:
According to these guidelines: Borrowers with a working capital limit of Rs 150 crore and above will need avail of the first 40 percent of their limit in the form of a "working capital demand loan". This provision comes into effect from April 1, 2019. From July 1, the loan component will go up to 60 percent.
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