According to the MoU signed between the Culture Ministry and Canara Bank, Canara Bank has the following role:

• Monthly Disbursal: Canara Bank is responsible for the monthly disbursal of financial assistance provided by the Culture Ministry to veteran artists. This assistance aims to support the livelihood and wellbeing of these artists.
• Timely Payments: Canara Bank ensures that the financial assistance is disbursed to the veterans on time, following the guidelines and schedule set by the Culture Ministry.
• Documentation: Canara Bank maintains proper documentation of the disbursed assistance, maintaining transparency and accountability in the process.
• Account Management: Canara Bank provides account management services to the veteran artists, ensuring that their funds are secure and accessible when needed.
• Reporting: Canara Bank may be required to provide periodic reports to the Culture Ministry regarding the disbursal process, fund utilization, and any necessary updates or changes.

Overall, Canara Bank plays a crucial role in facilitating the smooth and efficient disbursement of monthly financial assistance to veteran artists as per the MoU signed with the Culture Ministry.