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Business, & agriculture finance

Canara Textile

Fund-based and non-fund-based working-capital and term finance above ₹10 lakh for textile-manufacturing , with 25% margin and at least 75% collateral coverage.

Facility amountMinimum facility above ₹10 lakh; working-capital and term-loan facilities may be fund-based or non-fund-based.RateMinimum RLLR p.a.; maximum RLLR + 0.80% p.a., subject to risk rating and collateral value.Customer typeMSMEs manufacturing yarn, man-made fabrics, jari, processed fabrics, sarees, garments or apparel; captive-use solar installation may be financed when tied to eligible manufacturing.
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Quick eligibility check

Canara Textile

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: MSMEs manufacturing yarn, man-made fabrics, jari, processed fabrics, sarees, garments or apparel?

Published source: Customer type

2Do you meet this requirement: captive-use solar installation may be financed when tied to eligible manufacturing?

Published source: Customer type

3Do you meet this requirement: Eligible entities are individuals, proprietorships, partnerships excluding HUF-as-partner and companies excluding NBFCs, with accounts risk-rated up to Moderate Risk?

4Do you meet this requirement: Only textile manufacturing is eligible?

5Do you meet this requirement: service-sector units and second-hand machinery are excluded?

6Document checkDo you have this required document or proof: Customer identification and NF998 MSME application?

Published source: Documents

7Document checkDo you have this required document or proof: Unit and promoter address proof?

Published source: Documents

8Document checkDo you have this required document or proof: Licences/permissions?

Published source: Documents

9Document checkDo you have this required document or proof: Last three years financial papers with ITR and projections?

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; presently implemented in Ahmedabad, Mumbai, Karnal, Chandigarh, Jaipur, Chennai, Madurai, Bhopal, Lucknow, Pune, Kolkata and Delhi Circles

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 typeMSMEs manufacturing yarn, man-made fabrics, jari, processed fabrics, sarees, garments or apparel; captive-use solar installation may be financed when tied to eligible manufacturing.View source
Complete purpose and textile-activity list reviewed.
Source
Canara Textile
Page / section
Purpose and target group
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNo numeric turnover or business-vintage threshold is published; account must be risk-rated up to Moderate Risk. Service-sector units and second-hand machinery are not eligible.View source
Complete eligibility, risk and exclusion rows reviewed.
Source
Canara Textile
Page / section
Eligibility and exclusions
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Facility amountMinimum facility above ₹10 lakh; working-capital and term-loan facilities may be fund-based or non-fund-based.View source
Complete facility and quantum rows reviewed.
Source
Canara Textile
Page / section
Nature of facility and quantum
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateMinimum RLLR p.a.; maximum RLLR + 0.80% p.a., subject to risk rating and collateral value.View source
Published minimum/maximum rows reviewed.
Source
Canara Textile
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
TenureThe reviewed MSME Textile page does not publish a working-capital validity or term-loan repayment tenor; applicable MSME lending guidelines govern the approved facility.View source
Full official page reviewed; no repayment-tenure row is published.
Source
Canara Textile
Page / section
Complete page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Security / margin25% margin for working capital and term loan. Primary security is assets created from loan proceeds; land/building and/or approved securities must cover at least 75% of total limit. CGTMSE is not applicable.View source
Complete margin/security/coverage rows reviewed.
Source
Canara Textile
Page / section
Margin, security and
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Fees50% of applicable upfront/processing charges and 50% of applicable commission on non-fund-based limits; the underlying schedule is linked.View source
Published processing and NFB commission concessions reviewed.
Source
Canara Textile
Page / section
Processing charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsCustomer identification with NF998 application, unit/promoter address proof, licences/permissions, three years financial papers with ITR/projections, guarantor asset details and stock statement.View source
Complete document list reviewed.
Source
Canara Textile
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsScheme is stated as PAN India but presently implemented in Ahmedabad, Mumbai, Karnal, Chandigarh, Jaipur, Chennai, Madurai, Bhopal, Lucknow, Pune, Kolkata and Delhi Circles.View source
Complete India and circle list reviewed.
Source
Canara Textile
Page / section
Geographic availability
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Working-capital and term loans, fund-based and non-fund-based
  • Facility above ₹10 lakh
  • 25% WC/TL margin
  • At least 75% collateral coverage
  • 50% processing-fee concession and 50% NFB commission concession
  • to + 0.80%

Eligibility

  • Eligible entities are individuals, proprietorships, partnerships excluding -as-partner and companies excluding , with accounts risk-rated up to Moderate Risk.
  • Only textile manufacturing is eligible; service-sector units and second-hand machinery are excluded. Scheme code 93500 is shown with validity to 31 March 2026 subject to review.

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

Documents the bank lists

  • Customer identification and NF998 application
  • Unit and promoter address proof
  • Licences/permissions
  • Last three years financial papers with and projections
  • Guarantor details and asset proof
  • Stock statement

Related official documents

Canara MSME Textileofficial-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.

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Facility · Published termsFund/non-fund working capital and term loan; minimum above ₹10 lakh

This value is copied from Canara Textile published terms. Check the table notes before relying on it.

Source: Canara Textile · Complete product table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 2 columnsCanara MSME Textile published termsView tableHide table

Scroll sideways to view every column

Canara MSME Textile published terms
ItemPublished terms
FacilityFund/non-fund working capital and term loan; minimum above ₹10 lakh
Margin25% for WC/TL
CollateralLand/building or approved securities at least 75% of total limit
Not applicable
Processing50% of applicable upfront/processing charges; 50% of NFB commission
Rate to + 0.80% p.a.
TenureNot published on scheme page
Scope India; presently 12 listed Circles
ExclusionsService sector and second-hand machinery
Canara Textile · Complete product table · accessed 4 Sept 2026Open official source ↗

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