IndiaFilings / Learn / Banking / Canara Bank Energy Saving Loan Scheme Smes
Canara Bank

Canara Bank – Energy Saving Loan Scheme for SMEs

Canara Bank – Energy Saving Loan Scheme for SMEs offers concessional loan financing of SME energy saving projects sustained by a partial grant as part of Canara Bank’s “Green Banking Program”. In this article, we look at the Canara Bank – Energy Saving Loan Scheme for SMEs in detail.

Canara Bank

Canara Bank is a premier commercial bank in India with a track record of over 110 years serving the nation with a wide range of banking services. Today, Canara Bank has a well-built pan India presence with 5847 branches and 9657 ATMs, meeting the needs of all segments and an ever growing clientele base of 7.36 crore accounts. Across the world, the Bank has 8 branches, one each at London, Hong Kong, Shanghai, Leicester, Manama, Johannesburg, New York and DIFC (Dubai) & a Representative Office at Sharjah, UAE. Some of the major verticals of the bank include:
  • Personal Banking– It offers an extensive range of products and services namely saving accounts, deposits, loans, mutual funds, Insurance, internet banking, debit card, credit card, et cetera.
  • Corporate Banking– It enables different services to its corporate clients namely Cash Management Services, Loans, IPO monitoring services, etc.,
  • NRI Banking– Apart from various personal banking products it also presents remittance services, consultancy services to its NRI Clients.
  • MSME Banking It offers different products and services to priority and SME sector.

Energy Saving Loan Scheme

The target group for the energy saving loan scheme are SMEs in India who are interested in obtaining loan for energy-saving products and equipment. Under the scheme, partial grant of upto Rs.50,000 is provided for an energy audit and cost for drafting a detailed project report on energy savings. Based on the detailed project report, loan of upto Rs.10 lakhs or 90 % of project cost can be sanctioned under the guarantee facility of the Credit Guarantee Trust Fund for Small and Medium Enterprises (CGTSME) scheme. Existing Canara Bank customers and SMEs whose energy costs are greater than 20% of production cost are eligible for the scheme. 
IndiaFilings
Updated on: March 12th, 2020

Popular Post

Download ePAN Card – Get ePan from NSDL & UTIITSL
80 Small Business Ideas

Starting a small business can be a transformative venture, offering the exciting opportunity...

Nadakacheri – Income Caste Certificate Download Online in Karnataka
TDS Rate Chart for Financial Year 2025-2026 (Assessment Year 2026-2027)

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...

Divorce Rules in India: Everything You Need to Know
How To Download GST Registration Certificate Online?

Goods & Services Tax Certificate is issued to people who are registered under GST...

PAN Card Cancellation Online
Find Complete Details of GST Registration Procedure

GST registration applies to all individuals and entities supplying goods or services in India. GST...

Check Your PF Claim Status Online Using PF Tracking ID
Gift Tax in India: Applicability, Exemptions and Rules

Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...

Check Your PF Claim Status Online Using PF Tracking ID
Old Regime vs New Regime 2025: Which Tax Regime is Better for You?

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...

Check Your PF Claim Status Online Using PF Tracking ID
What is the minimum turnover for GST?

The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...

Check Your PF Claim Status Online Using PF Tracking ID
How can I check if a trademark is registered?

A trademark search is simply checking if another person or organization does not already own the...

Check Your PF Claim Status Online Using PF Tracking ID
Section 194H of the Income Tax Act: TDS on Commission & Brokerage

Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...

Check Your PF Claim Status Online Using PF Tracking ID
Section 80G Deduction - Income Tax Act

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...

Check Your PF Claim Status Online Using PF Tracking ID
Crypto Tax in India: Taxation On Cryptocurrency

The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...

Check Your PF Claim Status Online Using PF Tracking ID
Internal Audit Applicability Under Companies Act, 2013

Internal audit applicability is a critical concept for companies in India, impacting various...

Check Your PF Claim Status Online Using PF Tracking ID
Difference between Private and Public Company

In the business world, two main types of companies exist: private company and public company...

Check Your PF Claim Status Online Using PF Tracking ID
New GST Rules for Rent

Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...

Check Your PF Claim Status Online Using PF Tracking ID
GSTR-1 and GSTR-3B Due Date Extension - New Due Dates For January 2025

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...

Check Your PF Claim Status Online Using PF Tracking ID
Different Depreciation Rates under Companies & Income Tax Act

Depreciation is a key concept in finance and accounting. It helps us manage how the value of...

Check Your PF Claim Status Online Using PF Tracking ID
Form 10IA - Section 80DD Deduction

Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...

Check Your PF Claim Status Online Using PF Tracking ID
GST on Used Cars: New 18% Tax Rate Explained

The Goods and Services Tax (GST) system in India has been a significant reform in the country's...

Check Your PF Claim Status Online Using PF Tracking ID
MSME Registration - Udyam Registration

India's Gross Domestic Product (GDP) benefits significantly from the substantial...

Check Your PF Claim Status Online Using PF Tracking ID
Section 43B(h) - New MSME 45 Days Payment Rule

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...

Check Your PF Claim Status Online Using PF Tracking ID
Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...