Canara Bank said there will be no processing fee for this loan. For micro, small and medium enterprises (MSMEs), there will be no collateral security, which the lender will cover under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and the bank will bear the guarantee premium.source https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-bank-announces-three-loan-schemes-amid-fight-against-covid-19/articleshow/83029522.cms
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