Categories: Banking

Canara Bank tied-up with ASAP to launch skill loans

Canara Bank has launched ‘skill loans’ in association with the Additional Skill Acquisition Programme (ASAP), Kerala, the government company under the Higher Education Department. Under this facility, the loan is ranging from Rs 5,000 to Rs 1.5 lakh. This loan can be availed of by students who are pursuing skill training programmes which are offered by ASAP Kerala or any other Central or State government-recognised agencies.

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Collateral free loans will be provided to students and have a repayment period of three to seven years. Students can also avail themselves of a moratorium on repayment for the duration of the course and for an additional 6 months.

Important takeaways for all competitive exams:

Canara Bank Establishment: 1 July 1906;
Canara Bank Headquarters: Bangalore, Karnataka;
Canara Bank CEO & MD: Lingam Venkat Prabhakar;
Canara Bank Tagline: Together we can.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.