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Canara SVANidhi

Unsecured working-capital term loans in three graduated tranches up to ₹50,000, with 7% interest and quarterly interest subsidy for standard accounts.

Rate7.00% p.a.; interest subsidy is credited quarterly while the account remains Standard.Tenure12, 18 and 36 months including moratorium for tranches one, two and three.FeesNil for all three tranches under prevailing bank guidelines; prepayment has no penalty or cost.
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Quick eligibility check

Canara SVANidhi

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.

1Does your age meet this requirement: Street vendors aged 18 or older vending in urban local bodies, census towns or peri-urban areas across India?

Published source: Customer

2Can you provide this required proof: eligibility is based on street-vendor status and documents?

Published source: Minimum income

3Do you meet this requirement: Vendor must be 18 or older, seasonal or year-round and mobile or stationary, with CoV/ID/LoR from ULB/TVC or BDO?

4Do you meet this requirement: Udyam, project proposal and credit score are not required?

5Do you meet this requirement: existing NPA/write-off may disqualify?

6Document checkDo you have at least one of these required documents: Certificate of Vending, ID card or portal-issued LoR?

Published source: Documents

7Document checkDo you have at least one of these required documents: Aadhaar (or voter ID for Assam/Meghalaya where no Aadhaar)?

Published source: Documents

8Document checkDo you have this required document or proof: Savings-account passbook/statement?

Published source: Documents

9Document checkDo you have this required document or proof: Unique UPI ID?

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

Pan India across States and Union Territories

Key facts

What the official sources publish

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

PrepaymentPre-payment is allowed without penalty or cost.View source
Published prepayment row reviewed.
Source
SVANidhi
Page / section
Pre-payment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Rate7.00% p.a.; interest subsidy is credited quarterly while the account remains Standard.View source
Complete rate/subsidy section reviewed.
Source
SVANidhi
Page / section
Rate and subsidy
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
CustomerStreet vendors aged 18 or older vending in urban local bodies, census towns or peri-urban areas across India.View source
Complete eligibility section reviewed.
Source
SVANidhi
Page / section
Purpose and eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
ThresholdNo turnover threshold; Udyam registration, project proposal and credit score are not required.View source
Complete eligibility reviewed.
Source
SVANidhi
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Tranches₹5,000–₹15,000 first; ₹15,000–₹25,000 second; ₹30,000–₹50,000 third.View source
Complete tranche table reviewed.
Source
SVANidhi
Page / section
Loan tranche table
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Tenure12, 18 and 36 months including moratorium for tranches one, two and three.View source
Complete tranche table reviewed.
Source
SVANidhi
Page / section
Loan tranche table
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
SecurityUnsecured; CGTMSE guaranteed and only Demand Promissory Note required.View source
Complete security row reviewed.
Source
SVANidhi
Page / section
Security
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesNil for all three tranches under prevailing bank guidelines; prepayment has no penalty or cost.View source
Complete fee/prepayment section reviewed.
Source
SVANidhi
Page / section
Fees and prepayment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsPortal-issued CoV/ID/LoR, Aadhaar (or voter ID in Assam/Meghalaya), passbook/statement, unique UPI ID, application, KYC, DPN and undertaking.View source
Complete document list reviewed.
Source
SVANidhi
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
AvailabilityPan India across all States and Union Territories.View source
Complete applicability reviewed.
Source
SVANidhi
Page / section
Applicability
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Loan typeWorking Capital Term Loan (WCTL) in three graduated tranches.View source
Published WCTL classification reviewed.
Source
SVANidhi
Page / section
Nature of facility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
BenchmarkCanara Bank RLLR-linked prevailing rate; the scheme also publishes 7.00% p.a. interest.View source
Complete rate rows reviewed.
Source
SVANidhi
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
APRThe page publishes a 7.00% p.a. interest rate, but does not publish a separate APR calculation.View source
Full page reviewed; no separate row shown.
Source
SVANidhi
Page / section
Rate and subsidy
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income or turnover threshold is published; eligibility is based on street-vendor status and documents.View source
Full eligibility page reviewed; no income row shown.
Source
SVANidhi
Page / section
Complete eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹5,000–₹15,000 first tranche for 12 months
  • ₹15,000–₹25,000 second tranche for 18 months
  • ₹30,000–₹50,000 third tranche for 36 months
  • 7% p.a. interest with quarterly subsidy
  • Nil margin and no prepayment penalty
  • Unsecured and guaranteed without guarantee fee
  • -linked digital repayment trail

Eligibility

  • Vendor must be 18 or older, seasonal or year-round and mobile or stationary, with CoV//LoR from ULB/TVC or BDO. Udyam, project proposal and credit score are not required; existing /write-off may disqualify.

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

Documents the bank lists

  • Certificate of Vending, card or portal-issued LoR
  • Aadhaar (or voter for Assam/Meghalaya where no Aadhaar)
  • Savings-account passbook/statement
  • Unique
  • Borrower application, , DPN and undertaking

Related official documents

PM SVANidhiofficial-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₹19,382nineteen thousand three hundred eighty-two rupees
Interest paid over the full loan₹21,51,794twenty-one lakh fifty-one thousand seven hundred ninety-four rupees
Everything you repay₹46,51,794forty-six lakh fifty-one thousand seven hundred ninety-four 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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