Canara MSME Laghu Udhyam Credit Card Laghu Udyami Credit Card
A Canara Bank working capital limit of up to ₹10 lakh, with a card, for artisans, village industries and tiny micro and small units that have banked with Canara for 3 years.
Last updated on
- Status
- Open
- Run by
- Canara Bank
What you get
- Overdraft or term loan up to ₹10 lakh in total
- No collateral or third-party guarantee up to ₹10 lakh
- CGTMSE cover where eligible
- Limit valid for 3 years, with a yearly review
- No monthly stock statement up to ₹2 lakh
- A Laghu Udyami card is issued
Who can apply
- Businesses that are already running.
- Open to businesses in handicrafts, manufacturing, services and trading.
- Micro and small enterprises.
- Better terms for artisans.
- The most on offer is ₹10 lakh.
- Artisans, village industries and micro and small units, including tiny units
- Good dealings with Canara Bank for the last 3 years
How to apply
- Fill in the NF998 MSME application at your branch
In person, your Canara Bank branch
In Kerala, any Canara Bank branch in Kerala
Documents to keep ready
- Identity proof with the NF998 MSME application
- Address proof for the unit and the promoters
- Licences or permissions
- Accounts for the last 3 years with income tax returns, and projections
- Guarantor details with proof of assets
- Stock statement
Where we found this
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 Seen something out of date?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.