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...
Target Group
Any farmer, Agricultural labourers, Self-Help Groups (SHGs), Joint Liability Groups (JLGs).
Age
Minimum 21 years ; Maximum: 65 years
Loan Amount
No Minimum or Maximum limit of land amount. However, loan amount will depend on the actual cost of tr...
Savings accounts are generally for money that you don't intend to use for daily expenses. Meghalaya Rural Bank savings accounts is a more financially advantageous solution to keep unneeded funds. In addition, savings accounts offer liquidity and make it very easy to access your funds.
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Purpose
To meet expenses related to any festival.
Age
Minimum 21 years ; Maximum: 65 years
Eligibility
Permanent employees of the State/Central Govt. and PSUs, Corporations, Private Sector Companies, Reputed Establishments, Professionals and Self Employed and...
Purpose
To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations.
Age
Minimum 21 years...
Purpose
Purchase or construction of a new house / without mortgage of land
Purchase of an existing (old) house / which is not more than 10 years old (In a certificate on the condition of the house to be given by a structural engineer or Govt. approved architect should be taken)
Repa...
(FOR FINANCING MEDICAL PRACTITIONERS)
Purpose
The scheme envisages financing to qualified medical practitioners for
Buying equipments
Setting up clinics or clinic-cum-residence, etc.
Purchase of vehicles, ambulance, computers
Expansion/renovation/modernisation of existing premise...
Purpose
It aims at providing financial support to poor and meritorious students for pursuing higher education in India and abroad.
Eligibility
Indian National who has secured admission to professional/technical courses in recognized institutions in India or Abroad through ...
Objectives
To make the small and marginal holdings economically viable by bringing fallow lands and waste lands under cultivation and by stepping up agricultural production and productivity.
To finance the share croppers / tenant farmers to purchase land to enable them to increase th...
(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
To provide credit to the weavers to meet their credit requirement – working capital or term loan or both.
Eligibility
All weavers and ancillary workers involved in weaving activities.
Age
Minimum 21 years ; Maximum: 65 years
Maximum Lim...
For customers maintaining regular Savings Bank Account, Meghlaya Rural Bank offers RuPay ATM Debits Cards.
You can enjoy the convenience of going cashless with your Meghalaya Rural Bank Debit Card. You get access to your account whenever and wherever you want. You can use it to purchase goods...