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Canara

Prime Minister's Employment Generation Programme finance for new micro enterprises, with 15%–35% subsidy and project limits up to ₹50 lakh manufacturing and ₹25 lakh services.

RateAs per extant Canara Bank guidelines; no fixed percentage is printed.Repayment3 to 7 years with initial moratorium not exceeding 6 months.FeesAs per extant Canara Bank guidelines; no fixed charge is published.
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Quick eligibility check

Canara

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: New self-employment ventures and micro enterprises in rural and urban areas?

Published source: Customer

2Do you meet this requirement: individual, handloom and eligible partnership beneficiaries?

Published source: Customer

3Does your annual income meet this requirement: the page's separate MP section states family income must not exceed ₹12 lakh per year?

Published source: Minimum income

4Do you meet this requirement: New self-employment ventures/micro enterprises are targeted?

5Do you meet this requirement: General and special beneficiary categories have different contribution/subsidy rates?

6Document checkDo you have this required document or proof: NF998 application and KYC?

Published source: Documents

7Document checkDo you have this required document or proof: Unit/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: Three years financial papers with ITR/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; page also lists an MP-specific 18–40-year section

Key facts

What the official sources publish

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

Repayment3 to 7 years with initial moratorium not exceeding 6 months.View source
Complete repayment row reviewed.
Source
Page / section
Repayment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
CustomerNew self-employment ventures and micro enterprises in rural and urban areas; individual, handloom and eligible partnership beneficiaries.View source
Complete purpose and category sections reviewed.
Source
Page / section
Purpose and beneficiary categories
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
ThresholdNo turnover threshold is published for the national PMEGP section; an MP-specific section states local residence, age 18–40, XII pass and family income not above ₹12 lakh per year.View source
Both national and MP-specific sections reviewed.
Source
Page / section
Eligibility and MP-specific section
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Project costManufacturing ₹1 lakh to ₹50 lakh; service ₹1 lakh to ₹25 lakh. Handloom individual/SHG/JLG maximum ₹2 lakh and handloom organisation maximum ₹10 lakh under the displayed scheme section.View source
Complete quantum rows reviewed.
Source
Page / section
Quantum and project cost
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateAs per extant Canara Bank guidelines; no fixed percentage is printed.View source
Full page reviewed; no fixed rate row shown.
Source
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
SecurityPrimary security is assets created out of bank finance; eligible units may receive CGTMSE coverage.View source
Complete security/coverage rows reviewed.
Source
Page / section
Security and
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesAs per extant Canara Bank guidelines; no fixed charge is published.View source
Complete fee row reviewed.
Source
Page / section
Processing charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsNF998 application, KYC/address proof, licences, three years financial papers with ITR/projections, guarantor asset proof, stock statement and project-cost/category evidence.View source
Complete document list reviewed.
Source
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
AvailabilityIndia; the page also contains a separate Madhya Pradesh local-resident section.View source
Complete page reviewed.
Source
Page / section
Applicability
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Minimum incomeNo universal minimum income threshold is published for national PMEGP; the page's separate MP section states family income must not exceed ₹12 lakh per year.View source
Both national and MP-specific sections reviewed.
Source
Page / section
Eligibility and MP-specific section
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Loan typeTerm loan and working-capital finance for a new micro enterprise or self-employment project.View source
Complete facility and project sections reviewed.
Source
Page / section
Purpose, quantum and project cost
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
BenchmarkThe reviewed PMEGP page does not publish a benchmark or fixed lending-rate percentage; Canara's extant guidelines apply.View source
Full page reviewed; no benchmark row shown.
Source
Page / section
Rate of interest
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
APRThe reviewed PMEGP page does not publish a separate APR calculation.View source
Full page reviewed; no row shown.
Source
Page / section
Complete page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
PrepaymentNo universal prepayment or foreclosure charge is published on the reviewed PMEGP page; sanction terms and prevailing guidelines apply.View source
Full page reviewed; no prepayment row shown.
Source
Page / section
Complete page
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Manufacturing project cost ₹1 lakh to ₹50 lakh
  • Service project cost ₹1 lakh to ₹25 lakh
  • Beneficiary contribution 10% general or 5% special category
  • Subsidy 15%/25% urban/rural general and 25%/35% special
  • Repayment 3–7 years with up to 6-month moratorium
  • cover for eligible units
  • 12-day online entrepreneurship training available

Eligibility

  • New self-employment ventures/micro enterprises are targeted. General and special beneficiary categories have different contribution/subsidy rates. The page also lists an MP-specific section: local resident, age 18–40, minimum XII pass, family income up to ₹12 lakh and no existing government self-employment benefit.

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

Documents the bank lists

  • NF998 application and
  • Unit/promoter address proof
  • Licences/permissions
  • Three years financial papers with /projections
  • Guarantor asset proof and stock statement
  • Project cost and category evidence

Related official documents

PMEGPofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

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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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