Canara Bank is planning to fund start-ups involved in the entire coffee supply chain including grinding, roasting, mixing and even setting up cafes. The bank will offer up to Rs 1 crore as loans and the task to identify entrepreneurs lie with the Coffee Board. In addition to indentifying entrepreneurs, the Board is planning to offer 25 per cent subsidy, with a cap of Rs 25 lakh.
Further, the bank is planning to treat loans to coffee entrepreneurs under CGMSE without guarantees. Canara Bank is India’s fifth largest Public Sector bank (PSB) in terms of assets.
