Banks · Canara Bank

MSME Bills Discounting for Kerala Canara Kerala bills discounting

Canara Bank discounts bills for completed work raised by contractors, suppliers and accredited agencies to Government of Kerala departments, institutions and local bodies.

Last updated on

Status
Status unclear
Run by
Canara Bank
Official website (external site)

What you get

  • Cash against bills for completed Government of Kerala work, including PWD contracts
  • No upper or lower limit and no margin
  • Each bill is discounted for up to 6 months
  • Processing charge at half the normal rate, capped at ₹7,500 per transaction

Who can apply

  • Open to businesses in services and trading.
  • Micro, small and medium enterprises.
  • On the Government of Kerala approved list of contractors, with good dealings
  • No working capital limit with any other bank or lender
  • Only bills for completed work under a Government of Kerala work order, not advance payments
  • Bills already discounted elsewhere are not accepted
  • New clients may be asked for collateral case by case

How to apply

  1. Ask a Canara Bank branch in Kerala whether it runs this scheme, then fill in the NF998 MSME application

In person, Canara Bank branches designated under the Thiruvananthapuram and Kozhikode circles

In Kerala, Branches chosen by Canara Bank's Thiruvananthapuram and Kozhikode circle offices

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
  • Government of Kerala scheme papers, Forms I to V, and a promissory note

Figures you may see elsewhere

The page's target group line mentions commission agents holding a Mandi Board licence, which does not match the rest of the page about Government of Kerala contractors and looks copied from another scheme

Worth knowing

The page says the scheme runs till 31 March 2026, subject to review. The page was still live on 5 November 2026 with no new date.

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 Seen something out of date?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.

Related

External website

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