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Under the Pradhan Mantri Mudra Yojana (PMMY), Canara Bank offers the Canara Bank Mudra and Canara Bank e-Mudra schemes. These schemes are aimed at boosting the growth of small and medium enterprises, startups and micro entrepreneurs.

Canara Bank Mudra Loan Highlights

Here are some of the key highlights of the Canara Bank Mudra loan. 

Credit Nature

  • Working capital 

  • Term loan


  • Capital for start-ups

  • Modernisation and/or expansion

  • purchase of now machinery and equipment 

  • To provide short term, hassle free credit facility for micro units to manage liquidity crunch in their business operations.

Eligible Borrowers

  • Entrepreneurs and business owners looking to set up a new venture or expand/modernise their existing venture(s)

  • Udyam registered individual and proprietary firms

  • proprietor must be between ages of 25 and 55 

  • Proprietor must have satisfactory credit history as per bank policy

Maximum Loan Amount

Up to ₹10 lakh, in accordance with the loan category;


  • SHISHU - Loans of up to ₹50,000

  • KISHORE - Loans starting from ₹50,001 to ₹500,000

  • TARUN - Loans starting from ₹500,001 to ₹10,00,000

Repayment Tenure

12 months to 5 years

Processing Fee

  • There are no processing fees for loans under the SHISHU and KISHORE categories

  • 0.5% of the loan amount for TARUN loans


As per bank guidelines.

Interest rates

Concessional Interest Rate (floating) linked to benchmark lending rate (RLLR):


  • ROI – RLLR + 1.40%

Canara Bank Mudra Loan Features

Here are some of the features of the Canara Bank Mudra loan schemes: 


  • Applicants should be seeking a loan to start a new business or to expand existing business. 

  • The Canara Bank Mudra loan is aimed at providing a short term, hassle free credit facility for micro units to tackle liquidity issues.

  • The loan amount offered by Canara Bank Mudra loan facility ranges between ₹10,000 to ₹10 Lakhs. 

  • Applicants between the ages of 25 and 55 are eligible to apply for the Canara Bank Mudra loans. 

Canara Bank Mudra Loan Interest Rates

Loan Categories

Interest Rates 




Concessional Interest Rate (floating) linked to benchmark lending rate (RLLR):

ROI – RLLR + 1.40%



Canara Bank Mudra Loan Eligibility Criteria

  • Applicants must be Udyam registered individual and proprietary firms.

  • Proprietors applying for this loan scheme must be between the ages of 25 and  55.

  • Applicants must have a satisfactory credit history. 

Documents Required for Canara Bank Mudra Loan

Here are the documents required to apply for a Canara Bank Mudra loan: 


  • Aadhar card

  • PAN card

  • Udyam Registration Certificate

  • Bank Statement

How to Apply for Canara Bank Mudra Loan

You can apply for a Canara Bank Mudra loan online (only for SHISHU category loans) or you may visit your nearest Canara Bank branch and get in touch with a representative from the bank. 

Canara Bank Customer Care

Here’s how you can contact the Canara Bank customer service in case of any queries. 

  • Toll free number(s):

  1. 1800 425 0018

  2. 1800 103 0018

  3. 1800 208 3333

  4. 1800 3011 3333


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs for Canara Bank Mudra Loan

Who can apply for Canara Bank Mudra Loan?

Proprietors or people who already own a business that they’re looking to grow or expand can apply for the Canara Bank Mudra loan. Alternatively, people that are looking to start a business can also apply for the Canara Bank Mudra loan. 

How can I check my Mudra loan application status in Canara Bank?

You can check your application status by calling this number 1800-425-0018. Alternatively, you may also visit your Canara Bank branch.

What is the repayment tenure of the Canara Bank Mudra Loan?

The repayment tenure for the Canara Bank Mudra loan can range from 12 months to 5 years. 

Is a balance sheet required for the Canara Bank Mudra loan?

When you apply for the KISHOR or TARUN loans, you might have to furnish business documents including your balance sheet. 

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