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  • MSME TEXTILE

Canara bank has introduced Canara MSME Textile for credit requirements of MSME borrowers engaged in manufacturing in Textile Sector.

Nature of Facility
  • Working Capital
  • Term Loan
    (Both Fund-Based and Non-Fund Based facilities)
Purpose “To provide credit for Working Capital / Term Loan requirement (Fund Based and Non-Fund Based) of MSME (as defined under MSMED Act 2006 with further revision in definition of MSME effective from 01.07.2020, as per Gazette Notification dated 26.06.2020 communicated subsequently) to borrowers engaged in manufacturing in Textile Sector.”
Target Group

Units engaged under Manufacturing Sector in:

  • Manufacturing of Yarn (Cotton, Synthetic Silk, Processing of Yarn i.e., Warping, Twisting, Texturizing etc., manufacturing of Thread, Net, Tapes).
  • Manufacturing of Man Made Fabrics (Grey Cloth, Shawls, Blanket, Carpet, Suiting & Shirting, Carpet, Curtains, Knitted Fabrics, Synthetic Silk, Cotton etc.).
  • Manufacturing of Jari used in fabric (Metalizing, Cutting etc.).
  • Processing of Fabric (Dyeing, Printing, Finishing, Embroidery, other value additions on fabric etc).
  • Manufacturing of Sarees, Dress materials, Garments, Apparels etc.
  • Installation with maintenance of Solar project for captive consumption by units otherwise eligible and considered under the scheme for financing the manufacturing activity of the unit.
Quantum of loan Minimum Loan above ₹10 Lakhs.
Margin FOR WC/TL – 25%
Security Primary: Assets created out of loan proceeds.
Collateral: Security by way of mortgage of Land and Building and/or Approved securities to the extent of at least 75% of the total limit to be ensured.
CGTMSE Coverage Not Applicable
Processing Charges 50% of the applicable upfront fee/ processing charges.
50% of the applicable commission on NFB limits.

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

  • Ahmedabad Circle
  • Mumbai Circle
  • Karnal Circle
  • Chandigarh Circle
  • Jaipur Circle
  • Chennai Circle
  • Madurai Circle
  • Bhopal Circle
  • Lucknow Circle
  • Pune Circle
  • Kolkata Circle
  • Delhi Circle.
  • Individuals/ Proprietary Concern/Partnership Firms (other than Partnership Firms where HUF is a Partner) /Company (excluding NBFC).
  • The Scheme shall be applicable for accounts risk rated up to Moderate Risk.
  • Second Hand Machineries are not eligible to be financed under the scheme.
  • Service Sector shall not be considered for financing under the scheme.
  • 31.03.2026 (subject to performance review of the scheme as on 30.09.2025) Scheme Code: 93500
  • 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.

  • 0.50% concession to Women entrepreneurs or any other concessions, NOT TO BE EXTENDED under this scheme.
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Last updated on 22-01-2026 01:15 AM

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