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Business, & agriculture finance

Canara Credit Guarantee

guarantee support for Canara credit up to ₹2 crore, enabling finance with no or partial collateral and third-party guarantee.

Maximum coverUp to and including ₹2 crore (fund-based and non-fund-based combined).RateInterest rate is not published on the guarantee page; the underlying Canara loan rate applies.Eligible MSEExisting or new small enterprises with Canara credit, including manufacturing and service units.
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Quick eligibility check

Canara Credit Guarantee

0 of 7 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: Existing or new small enterprises with Canara credit, including manufacturing and service units?

Published source: Eligible MSE

2Do you meet this product condition: MSE registration, KYC, credit-facility details, collateral/guarantee application and borrower records are required?

Published source: Documents

3Do you meet this requirement: Existing or new MSEs with Canara credit facilities up to ₹2 crore?

4Do you meet this requirement: SHGs/JLGs, educational institutions and risks already covered by ECGC, DICGC, RBI, government or another insurer/guarantor are excluded?

5Document checkDo you have this required document or proof: MSE registration and KYC?

Published source: Documents

6Document checkDo you have this required document or proof: Credit facility and collateral details?

Published source: Documents

7Document checkDo you have this required document or proof: Guarantee application and borrower records?

Published source: Documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byCanara Bank

India

Key facts

What the official sources publish

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

Eligible MSEExisting or new small enterprises with Canara credit, including manufacturing and service units.View source
Complete purpose and eligibility reviewed.
Source
Page / section
Purpose and eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
ThresholdNo turnover threshold is published; credit facilities up to ₹2 crore qualify subject to exclusions.View source
Complete threshold and exclusion rows reviewed.
Source
Page / section
Eligibility and cover
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Maximum coverUp to and including ₹2 crore (fund-based and non-fund-based combined).View source
Published maximum-cover row reviewed.
Source
Page / section
Maximum amount of cover
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateInterest rate is not published on the guarantee page; the underlying Canara loan rate applies.View source
Full page reviewed; no lending-rate row shown.
Source
Page / section
Complete page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Guarantee periodNo fixed repayment tenure is published; guarantee applies to eligible fresh facilities and renewals sanctioned under the scheme.View source
Full page reviewed; no repayment-tenure row shown.
Source
Page / section
Recent changes
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
SecurityFinance may be without collateral or with partial collateral; for loans above ₹10 lakh up to ₹2 crore, 75% land/building security may waive CGTMSE cover.View source
Complete collateral waiver row reviewed.
Source
Page / section
Purpose and waiver
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Annual guarantee feeAnnual guarantee fee for loans covered on or after 1 April 2019 is 1.15%, 1.56%, 1.73%, 2.07% or 2.30% depending on borrower category, region and finance quantum; borrower bears it.View source
Complete AGF row reviewed.
Source
Page / section
Annual Guarantee Fee
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsMSE registration, KYC, credit-facility details, collateral/guarantee application and borrower records are required; full checklist is not published.View source
Full page reviewed; no separate checklist displayed.
Source
Page / section
Eligibility and application
Accessed
4 Sept 2026
Confidence
medium
Open official source ↗
AvailabilityIndia through Canara Bank lending facilities.View source
Official page reviewed.
Source
Page / section
Complete page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Guarantee cover up to ₹2 crore including fund and non-fund facilities
  • Partial or no collateral security
  • Retail trade coverage and fresh/renewed facilities
  • Annual guarantee fee rates published by borrower category and region

Eligibility

  • Existing or new with Canara credit facilities up to ₹2 crore. /, educational institutions and risks already covered by ECGC, , , government or another insurer/guarantor are excluded.

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

Documents the bank lists

  • registration and
  • Credit facility and collateral details
  • Guarantee application and borrower records

Related official documents

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)official-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

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.

· CustomerNew/existing

This value is copied from Canara Bank government-backed schemes — official page comparison. Check the table notes before relying on it.

Source: Government Sponsored Schemes and linked pages · , Vishvakarma, SVANidhi, , Energy Savings, Weaver's Mudra and Canara Micro Credit Card Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 7 rows · 7 columnsCanara Bank government-backed MSME schemes — official page comparisonView tableHide table

Scroll sideways to view every column

Canara Bank government-backed MSME schemes — official page comparison
SchemeCustomerPublished limitRate / subsidySecurityTenureFees
New/existing Up to ₹2 crore coverAGF 1.15%–2.30%No/partial collateral; 75% waiver routeUnderlying facilityBorrower bears AGF
VishvakarmaArtisans/craftspeople₹1 lakh + ₹2 lakh tranches; ₹3 lakh maxNot publishedCollateral nil; 18/30 monthsProcessing nil; annual guarantee fee nil
SVANidhiStreet vendors₹15,000 / ₹25,000 / ₹50,0007% p.a.; subsidy up to ₹603 / ₹1,408 / ₹5,579Unsecured; 12/18/36 monthsTranches nil
New micro enterprises₹50 lakh manufacturing; ₹25 lakh servicesSubsidy 15%–35%Primary assets; eligible3–7 years; 6-month moratoriumAs per bank guidelines
Energy Savings with ≥20% energy cost₹1 crore-linkedNil up to ₹10 lakh; above as bank decides5–7 years incl. 6-month moratoriumNot separately published
Weaver's MudraHandloom weavers/orgs₹2 lakh individuals; ₹10 lakh orgs6% for eligible orgs; government assistanceNo collateral up to ₹10 lakh with guaranteeWC 1 year; TL 36 monthsGuarantee fee by government 3 years
Micro Credit CardUdyam micro enterprises₹5 lakh ≤18% where guarantee available 75% coverageScheme 3 years or 10 lakh cardsInitial joining fee waived; later ≤1% or ₹1,000
  • Rows transcribed from the complete linked official pages. Values marked not published are explicit page findings, not estimates.
Government Sponsored Schemes and linked pages · , Vishvakarma, SVANidhi, , Energy Savings, Weaver's Mudra and Canara Micro Credit Card · accessed 4 Sept 2026Open official source ↗

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