Public Sector Bank (PSU)Term Loan (Capex / Expansion)Women-Led Enterprises🛡️CGTMSE CoveredVerified: 2026-09-29

Canara Nari Shakti Women MSME Loan

Primary Lending Institution:Canara Bank

₹5 Lakh to ₹1 Crore MSME credit at 8.40% – 9.75% with Up to 7 years tenure.

Interest Rate8.40% – 9.75%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹1 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityWomen must hold at least 51% proprietary/equity stake in the borrowing enterprise.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Women must hold at least 51% proprietary/equity stake in the borrowing enterprise.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Canara Nari Shakti Women MSME Loan?

Specialized credit scheme for women entrepreneurs offering an interest concession of 0.50% and complete waiver of processing charges.

Key Benefits & Features

0.50% interest concession over applicable RLLR; zero processing charges; composite term loan and cash credit; CGTMSE cover support.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Women entrepreneurs managing micro or small business ventures.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹5.0 Lakh

Processing Fee100% processing fee waiver

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://canarabank.com/nari-shakti with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Canara Nari Shakti Women MSME Loan?

Borrowers can avail ₹5 Lakh to ₹1 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for Canara Nari Shakti Women MSME Loan?

The processing fee is 100% processing fee waiver. Collateral terms: Women must hold at least 51% proprietary/equity stake in the borrowing enterprise.

What are the eligibility criteria for Canara Nari Shakti Women MSME Loan?

Women entrepreneurs managing micro or small business ventures. Minimum business vintage required is 1 year(s).

How can an applicant apply for Canara Nari Shakti Women MSME Loan?

Apply online at https://canarabank.com/nari-shakti or visit nearest branch with KYC, Udyam registration, and bank statements.