“To provide credit for working capital requirement of GST MSME borrowers against mortgage of property/approved securities.”
Canara GST Scheme provides hassle free Working Capital facilities to GST registered MSMEs at concessional interest rates & processing charges.
The Scheme is available to GST registered MSMEs including Individuals/Partnership Firm (other than partnership firms where HUF is a partner)/ company (excluding NBFC)/ Traders/ Businessmen/ professionals or self-employed persons/LLPs/ proprietary firms.
At least 75% of turnover reflected in GST return should have been routed through the Bank account.
New GST Registered MSMEs with minimum of 6 months’ GST turnover will be eligible under the scheme.
MSME unit should have a valid Udyam Registration Certificate (URC)
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.