Credit cards

Canara Micro Credit Card

One RuPay business credit card per micro enterprise, with limit up to ₹5 lakh, cover and an cap of 18% where portfolio guarantee is available.

CashbackCashback points on regular spends are listed as benefits, with details subject to bank policy.RewardsCashback points on regular spends; exact earn rate and redemption terms follow bank policy.OffersFuel-surcharge waiver and discounts at selected merchants/categories are offered as per bank-approved policy.

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✓ Manually checked 4 Sept 2026 · active

Offered byCanara Bank

Pan 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.

EligibilityValid Udyam micro enterprise (investment up to ₹2.5 crore and turnover up to ₹10 crore), promoter CIC scores above 650 (or -1/0 for no history), age 18–75, CMR 1–6 where applicable, Moderate Risk or better and no NPA/wilful default/OTS/write-off. Existing WC limit must not be expired.View source

Valid Udyam micro enterprise (investment up to ₹2.5 crore and turnover up to ₹10 crore), promoter scores above 650 (or -1/0 for no history), age 18–75, 1–6 where applicable, Moderate Risk or better and no /wilful default/OTS/write-off. Existing WC limit must not be expired.

Source: Canara Micro Credit Card — official eligibility and network details
Page / section: Application guidelines / card network
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

CustomerOne RuPay business credit card for each Udyam-registered micro enterprise seeking short-term or ad-hoc working-capital business spend.View source

Complete target-group text reviewed.

Source: Canara Micro Credit Card
Page / section: Nature, purpose and target group
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Enterprise / scoreMicro enterprise investment up to ₹2.5 crore and annual turnover up to ₹10 crore; all promoters CIC score above 650 (−1/0 accepted for no history), CMR 1–6 where applicable, age 18–75, Moderate Risk or better and no NPA/wilful default/OTS/write-off.View source

Complete enterprise, score, age and risk conditions reviewed.

Source: Canara Micro Credit Card
Page / section: Eligibility
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Card limitMaximum ₹5 lakh per borrower; limit is the lowest of request less 10% contribution, 20% of existing WC limit or 90% of turnover formula, subject to validation.View source

Complete limit formula and cap reviewed.

Source: Canara Micro Credit Card
Page / section: Limit formula
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

APRAPR after the free credit period must not exceed 18% where credit guarantee is available; interest and late charges follow RBI credit-card guidelines.View source

Complete and interest rows reviewed.

Source: Canara Micro Credit Card
Page / section: Interest and
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Scheme termThree years from launch or until 10 lakh cards are issued across financial institutions, whichever is earlier.View source

Complete scheme-term row reviewed.

Source: Canara Micro Credit Card
Page / section: Tenure of scheme
Accessed: 4 Sept 2026
Confidence: high

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GuaranteeCGTMSE guarantee obtained before card activation; cover is 75% of amount in default or card limit, whichever is lower.View source

Complete guarantee rows reviewed.

Source: Canara Micro Credit Card
Page / section: Credit guarantee
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Fees and rewardsNo joining fee for initial 10 lakh cards; subsequent annual fee is at most 1% of card limit or ₹1,000, whichever is lower. Guarantee fee is 0.55% of card limit; cashback points, fuel waiver, merchant discounts and accident cover follow bank policy.View source

Complete fee, reward and insurance rows reviewed.

Source: Canara Micro Credit Card
Page / section: Guarantee fee, joining fee, annual fee and rewards
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

DocumentsUdyam certificate, GST/account-statement data or declaration, KYC, promoter credit records, turnover/WC evidence and constitution documents.View source

Complete eligibility and validation sections reviewed.

Source: Canara Micro Credit Card
Page / section: Eligibility and limit validation
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

AvailabilityPan India.View source

Published India row reviewed.

Source: Canara Micro Credit Card
Page / section: Applicability
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Annual feeAfter the initial fee waiver, annual fee is at most 1% of card limit or ₹1,000, whichever is lower.View source

Complete fee rows reviewed.

Source: Canara Micro Credit Card
Page / section: Joining and annual fee
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Fee waiverNo joining fee for the initial 10 lakh customers/cards across financial institutions; up to ₹500 RuPay joining fee reimbursement is described.View source

Complete joining-fee waiver rows reviewed.

Source: Canara Micro Credit Card
Page / section: Joining fee
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Minimum incomeNo minimum salary or income amount is published; eligibility uses micro-enterprise turnover, promoter score and underwriting data.View source

Full eligibility page reviewed; no income floor shown.

Source: Canara Micro Credit Card
Page / section: Eligibility
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

APRAPR after the free credit period must not exceed 18% where credit guarantee is available.View source

Complete row reviewed.

Source: Canara Micro Credit Card
Page / section: Interest and
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Monthly finance chargeA separate monthly finance-charge percentage is not published; interest and late charges follow RBI credit-card guidelines.View source

Full page reviewed; no monthly charge row shown.

Source: Canara Micro Credit Card
Page / section: Interest and
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Forex markupThe reviewed Canara Micro Credit Card page does not publish a foreign-exchange markup.View source

Full page reviewed; no forex row shown.

Source: Canara Micro Credit Card
Page / section: Complete page
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

CashbackCashback points on regular spends are listed as benefits, with details subject to bank policy.View source

Complete rewards/benefits list reviewed.

Source: Canara Micro Credit Card
Page / section: Rewards/Benefits
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

RewardsCashback points on regular spends; exact earn rate and redemption terms follow bank policy.View source

Complete rewards/benefits list reviewed.

Source: Canara Micro Credit Card
Page / section: Rewards/Benefits
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

OffersFuel-surcharge waiver and discounts at selected merchants/categories are offered as per bank-approved policy.View source

Complete offers list reviewed.

Source: Canara Micro Credit Card
Page / section: Rewards/Benefits
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Lounge accessNo airport-lounge benefit is listed on the reviewed Canara Micro Credit Card page.View source

Full benefits section reviewed; no lounge row shown.

Source: Canara Micro Credit Card
Page / section: Complete page
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

NetworkRuPay credit card with UPI payments enabled.View source

Complete card-type and rows reviewed.

Source: Canara Micro Credit Card
Page / section: Card type and fintech features
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

Maximum limit ₹5 lakh per borrower
payments using RuPay credit card
Cashback points, fuel-surcharge waiver and selected-merchant discounts
Personal and non-air accidental-death cover as per bank policy
No joining fee for initial 10 lakh cards
Subsequent annual fee capped at 1% of limit or ₹1,000, whichever is lower

Eligibility

Valid Udyam micro enterprise (investment up to ₹2.5 crore and turnover up to ₹10 crore), promoter scores above 650 (or -1/0 for no history), age 18–75, 1–6 where applicable, Moderate Risk or better and no /wilful default/OTS/write-off. Existing WC limit must not be expired.

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

Documents the bank lists

Udyam certificate
/account-statement data or declaration
and promoter credit records
Working-capital and turnover evidence
Constitution documents

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Credit-card interest estimate

See roughly how much interest may be added if part of the card bill remains unpaid for one month.

Bill left unpaidThe part of your card bill that carries forward.₹fifty thousand rupees₹1,000₹10,00,000Interest charged each monthUse the monthly rate printed by the card issuer.%0.5%5%

Interest added for one month₹1,750one thousand seven hundred fifty rupees

Balance after that interest₹51,750fifty-one thousand seven hundred fifty rupees

Monthly rate × 1242%

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.

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SchemeChoose column

· 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
Scheme	Customer	Published limit	Rate / subsidy	Security	Tenure	Fees
	New/existing	Up to ₹2 crore cover	AGF 1.15%–2.30%	No/partial collateral; 75% waiver route	Underlying facility	Borrower bears AGF
Vishvakarma	Artisans/craftspeople	₹1 lakh + ₹2 lakh tranches; ₹3 lakh max	Not published	Collateral nil;	18/30 months	Processing nil; annual guarantee fee nil
SVANidhi	Street vendors	₹15,000 / ₹25,000 / ₹50,000	7% p.a.; subsidy up to ₹603 / ₹1,408 / ₹5,579	Unsecured;	12/18/36 months	Tranches nil
	New micro enterprises	₹50 lakh manufacturing; ₹25 lakh services	Subsidy 15%–35%	Primary assets; eligible	3–7 years; 6-month moratorium	As per bank guidelines
Energy Savings	with ≥20% energy cost	₹1 crore	-linked	Nil up to ₹10 lakh; above as bank decides	5–7 years incl. 6-month moratorium	Not separately published
Weaver's Mudra	Handloom weavers/orgs	₹2 lakh individuals; ₹10 lakh orgs	6% for eligible orgs; government assistance	No collateral up to ₹10 lakh with guarantee	WC 1 year; TL 36 months	Guarantee fee by government 3 years
Micro Credit Card	Udyam micro enterprises	₹5 lakh	≤18% where guarantee available	75% coverage	Scheme 3 years or 10 lakh cards	Initial 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 ↗

Canara Micro Credit Card

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Credit-card interest estimate

Find the exact published value

Complete rates, limits and schedules

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