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Canara - (Manufacturing) Bill Discounting

Concessional bill-of-exchange discounting/purchase for genuine manufacturing trade transactions, including pre-accepted bills and bills drawn under eligible inland letters of credit.

Facility amountMaximum limit depends on the borrower’s need; no universal numeric ceiling is published.RateRate is linked to the Bank’s RLLR under prevailing guidelines; no fixed percentage is printed.Customer typeManufacturing MSME drawers with Standard Asset borrowal accounts, drawing bills on reputed joint-stock companies or PSUs; eligible inland-LC drawees include PSBs, eligible private banks and prime foreign banks in India.
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Quick eligibility check

Canara - (Manufacturing) Bill Discounting

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Manufacturing MSME drawers with Standard Asset borrowal accounts, drawing bills on reputed joint-stock companies or PSUs?

Published source: Customer type

2Do you meet this requirement: eligible inland-LC drawees include PSBs, eligible private banks and prime foreign banks in India?

Published source: Customer type

3Do you meet this requirement: MSME/KYC and Standard Asset evidence, bills of exchange, acceptance or eligible LC, drawee and genuine-trade records, and takeover papers where applicable?

Published source: Documents

4Do you meet this requirement: no separate public checklist is printed?

Published source: Documents

5Do you meet this requirement: Drawer must be a manufacturing MSME with Standard Asset borrowal account?

6Document checkDo you have this required document or proof: MSME/KYC and Standard Asset evidence?

Published source: Documents

7Document checkDo you have this required document or proof: Bills of exchange and acceptance/LC documents?

Published source: Documents

8Document checkDo you have this required document or proof: Drawee and underlying trade documentation?

Published source: Documents

9Document checkDo you have this required document or proof: Takeover records where applicable?

Published source: Documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byCanara Bank

India through Canara Bank branches

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Customer typeManufacturing MSME drawers with Standard Asset borrowal accounts, drawing bills on reputed joint-stock companies or PSUs; eligible inland-LC drawees include PSBs, eligible private banks and prime foreign banks in India.View source
Complete drawer/drawee and eligibility rows reviewed.
Source
- (Manufacturing)
Page / section
Purpose and eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNo turnover or vintage threshold is published; the manufacturing MSME account must be Standard Asset and the underlying transaction genuine.View source
Complete eligibility section reviewed.
Source
- (Manufacturing)
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amountMaximum limit depends on the borrower’s need; no universal numeric ceiling is published.View source
Complete limit row reviewed; no numeric maximum appears.
Source
- (Manufacturing)
Page / section
Maximum limit
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateRate is linked to the Bank’s RLLR under prevailing guidelines; no fixed percentage is printed.View source
Complete rate row reviewed.
Source
- (Manufacturing)
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
TenureThe bill-discounting page does not publish a fixed repayment tenor; maturity follows eligible bill/LC terms and sanctioned facility conditions.View source
Full official page reviewed; no fixed tenor row is published.
Source
- (Manufacturing)
Page / section
Complete facility page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security / guaranteeCGTMSE cover is available wherever eligible; the page does not prescribe a universal collateral percentage.View source
Complete guarantee/security disclosure reviewed.
Source
- (Manufacturing)
Page / section
Guarantee cover
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesProcessing charges are as per prevailing Canara guidelines; no numeric amount is printed on the page.View source
Complete charge row reviewed.
Source
- (Manufacturing)
Page / section
Processing charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsMSME/KYC and Standard Asset evidence, bills of exchange, acceptance or eligible LC, drawee and genuine-trade records, and takeover papers where applicable; no separate public checklist is printed.View source
Complete page reviewed; document checklist is not separately printed.
Source
- (Manufacturing)
Page / section
Purpose and eligibility
Accessed
4 Sept 2026
Confidence
medium
Open official source ↗
Geographic limitsIndia through Canara Bank branches; eligible bills may be drawn under inland LCs issued by qualifying banks operating in India.View source
Complete and operating-area conditions reviewed.
Source
- (Manufacturing)
Page / section
and availability conditions
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Bill discounting for genuine trade transactions
  • Pre-accepted bills and bills under eligible
  • No stated universal maximum; limit depends on need
  • cover wherever eligible
  • -linked prevailing rate
  • Eligible takeover accounts may be considered

Eligibility

  • Drawer must be a manufacturing with Standard Asset borrowal account. Drawee must be a reputed joint-stock company or . Bills under inland of PSBs, private banks (excluding co-operative banks) and prime foreign banks are eligible; non-prime private/foreign-bank exposure needs prior RM Wing permission.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • / and Standard Asset evidence
  • Bills of exchange and acceptance/ documents
  • Drawee and underlying trade documentation
  • Takeover records where applicable
  • Guarantee and security documents

Related official documents

Bill of Exchange Discounting Facility to MSME Manufacturing Units (BE-MSME)official-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

ECLGS 5.0 · Eligible customerExisting borrower with 31 March 2026 WC limit; Standard, not SMA2/

This value is copied from Canara credit facilities. Check the table notes before relying on it.

Source: Canara credit-facility pages · Complete facility tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 7 columnsCanara MSME credit facilitiesView tableHide table

Scroll sideways to view every column

Canara MSME credit facilities
ProductEligible customerFacility amountRateSecurity / guaranteeTenureFees
ECLGS 5.0Existing borrower with 31 March 2026 WC limit; Standard, not SMA2/20% of peak FY2025–26 WC; max ₹100 croreNot published100% guarantee coverage5 years incl. 1-year moratoriumProcessing, guarantee fee and prepayment nil
PSB Loans in 59 Minutes + 3/4/4S/5/6; exception₹2 lakh–₹5 croreNot publishedProduct-specific final policyNot publishedAs per prevailing guidelines
- ManufacturingStandard-asset manufacturing drawer; eligible company/ draweeNeed-based; no universal maximum-linked where eligibleBill/ maturity dependentAs per prevailing guidelines
Canara credit-facility pages · Complete facility tables · accessed 4 Sept 2026Open official source ↗

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