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Business, & agriculture finance

Canara Weaver's Mudra

Term-loan and working-capital assistance for handloom businesses, up to ₹2 lakh for individuals and ₹10 lakh for handloom organisations, with government margin and guarantee support.

QuantumUp to ₹2 lakh per individual/SHG/JLG borrower; up to ₹10 lakh per handloom organisation.RateRLLR-linked prevailing rate; eligible handloom organisations may receive 6% concessional rate for three years, subject to government subvention cap.CustomerIndividual handloom weavers/weaver entrepreneurs, SHGs, JLGs and handloom organisations including cooperatives, corporations, SPVs and producer companies.
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Quick eligibility check

Canara Weaver's Mudra

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: Individual handloom weavers/weaver entrepreneurs, SHGs, JLGs and handloom organisations including cooperatives, corporations, SPVs and producer companies?

Published source: Customer

2Do you meet this requirement: Applicant must be a handloom weaver and not a bank defaulter?

3Document checkDo you have this required document or proof: Weaver identity card/yarn passbook/state ID?

Published source: Documents

4Document checkDo you have this required document or proof: NF998 application and KYC?

Published source: Documents

5Document checkDo you have this required document or proof: Address proof and licences?

Published source: Documents

6Document checkDo you have this required document or proof: Three years financial papers with ITR/projections?

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

Key facts

What the official sources publish

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

AvailabilityIndia; scheme is intended for the handloom sector across the country.View source
Official page reviewed.
Source
Weaver's Mudra
Page / section
Purpose
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
CustomerIndividual handloom weavers/weaver entrepreneurs, SHGs, JLGs and handloom organisations including cooperatives, corporations, SPVs and producer companies.View source
Complete eligible-entity list reviewed.
Source
Weaver's Mudra
Page / section
Purpose and eligible entities
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
DocumentsWeaver identity/yarn passbook/state ID or organisation records, NF998 application, KYC, licences, three years financials with ITR/projections, guarantor assets and stock statement.View source
Complete document list reviewed.
Source
Weaver's Mudra
Page / section
Documents
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
ThresholdNo turnover threshold is published; applicant must be a handloom weaver and not a bank defaulter.View source
Complete criteria reviewed.
Source
Weaver's Mudra
Page / section
Other criteria
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
QuantumUp to ₹2 lakh per individual/SHG/JLG borrower; up to ₹10 lakh per handloom organisation.View source
Complete quantum rows reviewed.
Source
Weaver's Mudra
Page / section
Quantum
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RateRLLR-linked prevailing rate; eligible handloom organisations may receive 6% concessional rate for three years, subject to government subvention cap.View source
Complete rate/subvention section reviewed.
Source
Weaver's Mudra
Page / section
Rate and interest subvention
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
RepaymentWorking capital valid one year with annual renewal; term loan maximum 36 months including up to 3-month repayment holiday.View source
Complete repayment rows reviewed.
Source
Weaver's Mudra
Page / section
Repayment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
SecurityPrimary security is financed assets; loans up to ₹10 lakh require no collateral and are covered by CGFMU/CGTMSE where applicable.View source
Complete security/guarantee rows reviewed.
Source
Weaver's Mudra
Page / section
Security
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
FeesGovernment bears applicable guarantee fees for three years; no fixed Canara processing fee is published.View source
Complete fee and guarantee section reviewed.
Source
Weaver's Mudra
Page / section
Guarantee and charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Individual// exposure up to ₹2 lakh
  • Handloom organisation exposure up to ₹10 lakh
  • 20% margin-money assistance, capped at ₹25,000 individuals or ₹2 lakh organisations
  • No collateral up to ₹10 lakh with / cover
  • Government bears guarantee fee for three years
  • 6% concessional rate for eligible organisations for three years, subject to subvention cap

Eligibility

  • Applicant must be a handloom weaver and not a bank defaulter. Weaver status can be shown by DC Handlooms identity card, yarn passbook, state or organisation records.

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

Documents the bank lists

  • Weaver identity card/yarn passbook/state
  • NF998 application and
  • Address proof and licences
  • Three years financial papers with /projections
  • Guarantor asset proof and stock statement

Related official documents

Weaver's Mudraofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

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Loan repayment estimate

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One monthly payment₹17,911seventeen thousand nine hundred eleven rupees
Interest paid over the full loan₹17,98,586seventeen lakh ninety-eight thousand five hundred eighty-six rupees
Everything you repay₹42,98,586forty-two lakh ninety-eight thousand five hundred eighty-six 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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· 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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