To provide credit for business requirement of MSME borrowers(as defined under MSMED act 2006, with further revision in definition of MSME effective from 01.07.2020, as per Gazette Notification dated 26.06.2020 with relevant modifications communicated subsequently), both Manufacturing and Services, along with self-employed by way of Fund based and non-fund based exposures against the security of Land and Building belonging to the unit or promoters of the unit or close relatives of the promoters.
Credits – Canara Bank