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Business, & agriculture finance

Canara Solar Vendor

Fund-based working-capital finance above ₹10 lakh up to ₹5 crore for registered residential-solar vendors, with 25% margin and one-year tenure.

Facility amountAbove ₹10 lakh and up to ₹5 crore.RateMinimum RLLR; maximum 9.75% p.a., subject to prevailing guidelines.Customer typeMNRE-registered MSME solar vendors, channel partners and sub-contractors executing residential solar projects.
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Quick eligibility check

Canara Solar Vendor

0 of 6 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: MNRE-registered MSME solar vendors, channel partners and sub-contractors executing residential solar projects?

Published source: Customer type

2Do you meet this requirement: Vendor/channel partner/sub-contractor must have valid Udyam and GST where applicable, at least six months' registration vintage and at least 10 projects handled in the preceding six months?

3Document checkDo you have this required document or proof: Valid Udyam certificate?

Published source: Documents

4Document checkDo you have this required document or proof: Address proof and KYC?

Published source: Documents

5Document checkDo you have this required document or proof: GST registration where applicable?

Published source: Documents

6Document checkDo you have this required document or proof: Stock/book-debt statement?

Published source: Documents
0 of 6 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 typeMNRE-registered MSME solar vendors, channel partners and sub-contractors executing residential solar projects.View source
Complete target-group section reviewed.
Source
Canara Solar Vendor
Page / section
Purpose and target group
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageSolar-vendor registration vintage at least six months and at least 10 projects handled in the preceding six months; no numeric turnover floor is published.View source
Complete eligibility conditions reviewed.
Source
Canara Solar Vendor
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amountAbove ₹10 lakh and up to ₹5 crore.View source
Complete quantum section reviewed.
Source
Canara Solar Vendor
Page / section
Quantum of loan
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateMinimum RLLR; maximum 9.75% p.a., subject to prevailing guidelines.View source
Published rate floor and ceiling reviewed.
Source
Canara Solar Vendor
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RepaymentWorking-capital facility tenable for one year.View source
Complete repayment section reviewed.
Source
Canara Solar Vendor
Page / section
Repayment period
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security / marginMinimum 25% fund-based working-capital margin; assets created are primary security, with CGTMSE/CGTMSE Hybrid or collateral security routes.View source
Complete margin/security section reviewed.
Source
Canara Solar Vendor
Page / section
Margin and security
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesNo numeric processing fee is printed on the reviewed page; applicable Canara service charges apply.View source
Complete page reviewed; no fixed fee is displayed.
Source
Canara Solar Vendor
Page / section
Charges review
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsUdyam certificate, address proof/KYC, GST certificate where applicable, stock/book-debt statement, orders on hand, financial statements and solar quotation/invoice with Canara cash-credit routing.View source
Published document and invoice-routing list reviewed.
Source
Canara Solar Vendor
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia through Canara Bank branches.View source
National scheme page reviewed.
Source
Canara Solar Vendor
Page / section
Availability
Accessed
4 Sept 2026
Confidence
medium
Open official source ↗

Benefits and features

  • Facility above ₹10 lakh up to ₹5 crore
  • 25% minimum working-capital margin
  • Working-capital tenure one year
  • Minimum rate ; maximum rate 9.75%

Eligibility

  • Vendor/channel partner/sub-contractor must have valid Udyam and where applicable, at least six months' registration vintage and at least 10 projects handled in the preceding six months.

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

Documents the bank lists

  • Valid Udyam certificate
  • Address proof and
  • registration where applicable
  • Stock/book-debt statement
  • Orders on hand
  • Financial statements
  • Solar quotation/invoice routing proceeds to Canara cash-credit account

Related official documents

Canara MSME Solar Vendorofficial-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₹23,713twenty-three thousand seven hundred thirteen rupees
Interest paid over the full loan₹31,91,101thirty-one lakh ninety-one thousand one hundred one rupees
Everything you repay₹56,91,101fifty-six lakh ninety-one thousand one hundred one 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.

Laghu Udhyam Credit Card · CustomerArtisans/village industries/ with 3-year dealings

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

Source: Canara specialised pages · Complete product 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 and equipment schemesView tableHide table

Scroll sideways to view every column

Canara MSME credit and equipment schemes
ProductCustomerFacility amountRateSecurity / marginRepaymentFees
Laghu Udhyam Credit CardArtisans/village industries/ with 3-year dealingsAggregate ₹10 lakh to + 1.00%Nil collateral/guarantee up to ₹10 lakh; where eligible3 years, annual reviewAmount not published
Solar VendorMNRE-registered solar vendorsAbove ₹10 lakh–₹5 crore to 9.75%25% WC margin; /hybrid/collateralWC 1 yearAmount not published
Easy Equipment FinanceEPC/other contractors with 2+ yearsAbove ₹10 lakh; ₹50 crore standard risk / ₹100 crore low risk to + 0.70%5%–20% margin; equipment hypothecation36–60 Schedule applies
Canara specialised pages · Complete product tables · accessed 4 Sept 2026Open official source ↗

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