| Bank | Canara Bank |
| Scheme | MSME VAHAN |
| Description | For purchase of brand new vehicles as business assets/ business purpose only. (Two wheelers, Passenger cars/vans/Jeeps) Goods carriers are not eligible to be purchased under this scheme. |
| Eligibility | Existing and new customers under MSME – Mfg. and Services including Retail Traders |
| Rate of Interest & Repayment | Competitive rate of interest, which is linked to RLLR as per extant guidelines
Repayment: Two Wheelers: Maximum 60 EMIs Four Wheelers : Maximum 84 EMIs |
| Collateral | · Collateral: Continuation of existing collateral security for existing borrowers for loan amount above Rs.10 Lakhs or CGTMSE Coverage. |
| Composite /loan Limit | 90% of the “On Road Cost” with a maximum of Rs. 25.00 lakhs |
| Margin | 10% on “On Road Cost” |
| Detail Link | View Link |
- हरियाणा सरकारGOVERNMENT OF HARYANA
- सूक्ष्म, लघु एवं मध्यम उद्यम निदेशालय Directorate of Micro, Small & Medium Enterprises
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