Canara Mahila Vikas Mahila Vikas
A Canara Bank working capital and term loan above ₹10 lakh for micro, small and medium businesses owned and managed by women, including retail traders.
Last updated on
- Status
- Open
- Run by
- Canara Bank
What you get
- Loans above ₹10 lakh, with no top limit stated on the page
- Working capital as an overdraft, and term loans
- Can be used for premises, machinery, equipment, vehicles and working capital
- Term loans up to 84 months, including moratorium
- Margin of 20%
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Only for women.
- Owned and managed by women. In a firm, LLP or company, women must hold at least 51% of the capital
- Usually 2 years in business with a good record with the current bank. New units may be accepted after a check on the promoters and project
- Each promoter's personal credit score must be at least 650
- Some collateral in land, land and building or approved securities is needed, depending on the risk rating. Farm land is not accepted
How to apply
- Use Apply Online on the scheme page, or fill in the NF998 MSME application at a branch
In person, nearest Canara Bank branch
In Kerala, any Canara Bank branch in Kerala, or the Apply Online link on the scheme page
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
- Valuation report
- Stock statement
Where we found this
- Canara Mahila Vikas (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 Seen something out of date?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.