http://www.vfs-canada.co.in/pdf/study_permit_20-09-2012.pdf
PREFERRED OPTION for proof of funds: you can fulfill the financial requirement by submitting a copy of an Educational Loan from an Indian Chartered Bank equivalent to at least first year’s tuition plus $10 000 CAD to cover living and travel expenses for one year. See information on the following page for the list of acceptable banks
for more details check the check list.