Digital Insta Savings Account features and criteria:
TARGET CUSTOMERS
· The facility will be made available for “Resident Individual” customer only over 18 years of age.
· NRE/NRO/FCNR accounts c...
Purpose
Personal loan is granted for family function, marriage/medical treatment/education/ or any other general purpose except for speculative activities.
Eligibility
Permanent employees of the State/Central Government and PSUs, Corporations, Private Sector Companies, Rep...
Purpose
Loan granted by the Bank to the SHGs for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc.
Target Group
Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayat Raj Institutio...
Objective
Seeing the recent all round growth of new multiplex structures and shopping complexes in urban and metro centres“MRB Shoppe Plus” has been devised to tap the potential available for financing:
the purchase of premises for new or old shops/establishments/offices by SMEs, SSS...
All Individuals singly or jointly, Professionals, Shops, Proprietorships, Partnerships, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts are eligible to open these accounts.
Individual Customers should have valid KYC documents.
Oth...
(Loan to Farmers Indebted to Money Lenders)
Purpose
To provide relief and remove debt burden of identified, actually distresses farmers who are under heavy burden of debt from non-institutional source (i.e. money lenders) by providing them loan for debt redemption. This is a loan given...
Purpose
General purpose for purchase of consumer durables, marriage, family function, medical, travel expenses etc except for speculative activities.
Eligibility
Permanent Employee of the State/Central Government and PSUs, Corporations, Private Sector Companies, Reputed Es...
Purpose
All types of Allied Activities such as Dairy, Poultry, Piggery, Goatery, Duckery, & Fisheries etc.
Target Group
Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
Age
Minimu...
Objective
The product is a pre-approved term loan facility with option of multiple disbursements for multiple purposes. The product is aimed at facilitating growth among well rated existing customers.
Age
Minimum 21 years ; Maximum: 65 years
Target Group
Al...
Meghalaya Rural Bank’s Internet banking facility is an online banking facility that can be accessed from the website. You need to register at the branch where you hold an account to avail the MRB Internet Banking services. After the services are enablled from the branch level, one can register thems...
General Features of JLGs
A Joint Liability Group (JLG) is an informal group comprising a 4-10 individuals coming together for the purpose of availing Bank Loan on individual basis or through Group mechanism against mutual guarantee. Generally, the members of a JLG would engage in a simi...