Government Sponsored Schemes

Canara Bank is the front-runner in implementing various Government Sponsored Schemes aimed to uplift poor, educated un-employed / under-employed people in rural / semi-urban / urban areas by providing financial assistance to set up self-employment ventures with the help of various government authorities / agencies.

The following are the prominent schemes:

Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM) /AJEEVIKA

The Hon'ble Finance Minister in his budget speech for 2013-14 proposed to provide interest subvention to women SHGs who avail loans up to Rs.3 lakhs at 7% per annum. The women SHGs will get an additional subvention of 3% if they repay in time, reducing the effective rate of interest to 4%.


  • This Scheme is launched by Ministry of Rural Development (MoRD), Government of India in June 2013. Aided in part through investment support by World Bank, the mission aims at creating efficient and effective institutional platforms of the rural poor enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
  • DAY-NRLM has replaced the existing SGSY Scheme with effect from 01.04.2013
  • CANARA BANK has been designated as nodal bank to handle the activities related to this scheme.
  • The scheme is promoted by MoRD, GoI and is applicable for all Public Sector Banks, Regional Rural Banks and Co-operative Banks in the 250 identified districts.




Government of India has launched the “Prime Minister’s New 15-Point Programme for the Welfare of Minorities” in order to smoothen credit flow to Minority Communities, all Public Sector Banks (PSBs) were advised to maintain a level of 15% credit flow to Minority Communities out of their actual Priority Sector Lending (PSL) (excluding excluding RIDF and other eligible funds).

Our Bank had drawn a road map during the year 2009 and steadily increased the credit flow to Specified Minority communities. The lending percentage as at March 2018 level is 18% of the actual Priority Sector which is well above the mandatory level of 15%

Our bank has taken the following initiatives for improving the Lending to the Minorities: 

  • As per the directives of RBI, a Minority cell is functioning at the bank to monitor the credit flow to minority communities.
  • A nodal executive is designated at Head Office to monitor the credit flow to minority communities. Officers in 6 lead districts of minority concentrated districts are designated as nodal officer of the minority cell to monitor the credit flow to minority community concentrated in the respective district.
  • Designated Nodal Officers  are identified at 6 Minority Concentrated Lead Districts viz., Kozhikode, Malappuram, Wayanad, Palakkad, Thrissur and Central Delhi
  • Every year, an exclusive Credit Campaign during the month of November is being conducted for lending to Minority Communities.

Bank has also initiated several pro-active steps viz., skill trainings, EDP programs and credit campaigns exclusively targeting the minority communities etc for the development and empowerment of the Minority Communities in Minority concentrated Lead districts (MCD).




In our Bank, various steps are being undertaken for hassle free sanction of loans to persons belonging to SC/ST communities.

  1. A special cell has been set up at Head Office for monitoring the flow of credit to SC/ST persons.
  2. Bank has issued guidelines to all branches / offices that no loan proposal received from applicants belonging to SC/ST category can be rejected at branch level.
  3. In education loan sanction process where the admission is purely based on the marks scored in qualifying examination, the cut-off marks of 60 % is stipulated for all students as per IBA Model Scheme .However, in our bank we have reduced the cut-off marks to 50% for students belonging to SC/ST category, so as to motivate /encourage students to pursue higher education.
  4. Every year, our Bank is celebrating the month of 'April and October as SC/ST Month' with a view to organize special credit campaigns in order to encourage maximum number of SC/ST borrowers to avail various credit facilities extended by the Bank, including education loans under Differential Rate of Interest (DRI) category to SC/ST students., where loans are charged @ 4% rate of interest subject to eligibility.
  5. Our Bank has implemented IBA skill loan scheme whereby student from lower economic strata of the society predominantly comprise of SC/ST category are benefitted.
  6. In addition to the above, our bank has launched a scheme for extending scholarship to SC/ST girl students of 5th to 10th class from rural area and named as "Canara Vidya Jyothi Scheme" as a Corporate Social Responsibility (CSR) Initiative.

-Meritorious girl students of SC/ST category from Government/Government aided schools are extended with the scholarship. For class 5th to 7th, an amount of Rs.2500 / each & for class 8th to 10th, an amount of Rs. 5000/each is provided as scholarship.

NOTE: The information provided above is only illustrative and not exhaustive. For more details, please contact your nearest Canara Bank Branch or mail to