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WEB_ACCESSIBILITY_CERTIFICATE

  • Canara

  • msme auto component

Area specific scheme for financing Automotive Components Manufacturers (Tier I & Tier II Suppliers of OEM’s) by way of FB (Fund Based) and NFB (Non-Fund Based) limits.

Nature of Facility
  • Fund Based Limits for Working Capital Limits and Term Loans
  • Non-Fund Based Limits for issuing BC/LCs/FLCs for the purpose of purchase of required machineries either imported/indigenous.
Purpose “Area specific scheme for financing Automotive Components Manufacturers (Tier I & Tier II Suppliers of OEM’s) by way of FB (Fund Based) and NFB (Non-Fund Based) limits. ”
Target Group Tier I and Tier II Suppliers of OEM’s (Original Equipment Manufacturers).
Quantum of loan Minimum Loan above ₹25 Lakhs
Margin As per extant guidelines.
Security

Primary: Assets created out of Bank Finance.
Collateral: Minimum 75% of the exposure to be secured by way of collateral security subject to the following:

  • Immovable properties by way of Commercial/ Residential/ Factory –land and building.
  • Free hold/Lease hold properties of government are acceptable.
  • Bank deposits with face value or current value whichever is higher
  • Approved collaterals with applicable margin.
CGTMSE Coverage As per extant guidelines.
Processing Charges 50% concession from the applicable charges.

Scheme shall be applicable PAN India. However, the scheme shall presently be implemented in the following Circles only.

  • Ahmedabad Circle
  • Chandigarh Circle
  • Chennai Circle
  • Karnal Circle
  • Pune Circle
  • Ranchi Circle
  • Individuals/Proprietary firms/ Partnership firms (other than partnership firms where HUF is a partner)/Limited Liability Partnerships (LLPs)/ Companies (excluding NBFC).
  • Firm/Company should be already engaged in this line of activity for a minimum period of one year.
  • The Scheme shall be applicable to accounts which are risk rated up to Moderate Risk.

31.03.2026 (subject to performance review of the scheme as on 30.09.2025)

  • Customer Identification proof along with NF998 MSME application.
  • Address Proof of unit and promoters.
  • License/permissions.
  • Financial papers for the last 3 years with ITR and projections.
  • Details of Guarantor with proof of assets.
  • Stock Statement.

Minimum ROI: RLLR p.a, Maximum ROI: RLLR+0.80 p.a subject to risk rating and collateral value.

  • Existing customers enjoying limits/liability with us may be permitted to switch over to this scheme upon complying with all the applicable guidelines of the scheme, subject to the following:
    • No release and substitution of existing primary/collateral securities already charged to our Bank for the facility (acceptable under the subject scheme also) which is proposed to be switched over under this scheme.
    • No overdues at the time of switchover to this scheme.
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Last updated on 22-01-2026 01:15 AM

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