Canara GST

What you get

• Working capital above ₹10 lakh up to ₹10 crore
• Letters of credit for raw material and bank guarantees for advance payments can be given within the limit
• Open to new GST-registered businesses with 6 months of returns
• No margin

Who can apply

• Open to businesses in manufacturing, services and trading.
• Micro, small and medium enterprises.
• The most on offer is ₹10 crore.
• GST registered, with GST returns for the past 6 months
• At least 75% of GST turnover must pass through the bank account
• Collateral of at least 75% of the loan, as property or approved financial securities
• The limit is cut within 3 months if GST turnover falls the next year

How to apply

1. Apply through Canara Bank's MSME loan portal linked on the page, or at a branch

In person, nearest Canara Bank branch

In Kerala, any Canara Bank branch in Kerala, or Canara Bank's MSME loan portal

Documents to keep ready

• GST returns for 12 months
• Valuation report
• Stock statement

Figures you may see elsewhere

The page asks for 6 months of GST returns to qualify but lists 12 months of GST returns under documents

Where we found this

• Canara GST (external site) Official

An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.

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