Target Group & Eligibility: Small and Marginal Farmers, share croppers and tenant farmers. Small and Marginal Farmers are those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including the one to be purchases under the scheme.
To make t...
Objective: To provide time and adequate credit to farmers to meet the production credit needs (cultivation expenses) besides meeting contingency expenses subject to 20% of the peak credit limit without any maximum limit (medical expenses, education expenses for children, marriage, funerals, bir...
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...
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, Reputed Establishm...
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.
Eligibility: GCC can only be extended to individua...
Purpose: To purchase a new passenger cars, jeep, Single or Multi Utility Vehicles (MUVs) and SUVs for personal use.
Individual between the ages of 21 to 65 years.
Permanent/ regular employees of State/Central Govt., Public Sector Undertakings (PSUs), Private Company or a...
The rates of Interest for fresh and renewal Term Deposit w.e.f., 05-12-2016 are as hereunder:
Term of deposit
7 days to 14 days
15 days to 45 days
91 - 180 days
For Individual Applicant
Eligible Criteria: STs with annual family income up to Double the Poverty Line
Rural area: DPL income up to Rs 98000/family
Urban area: DPL income up to Rs 120000/family
Purpose: For productive purposes only
Type of Loan: Term loan only
For loan upto Rs...
Purpose of the Bank Loan: Loan granted by the Bank to the SHGs is purpose neutral as the group decides the purpose for which loan can be given to its members. As per RBI guidelines, the Banks are expected to meet the entire credit requirements of SHG members for (a) Income generation activities...
To augment flow of credit to farmers, especially small, marginal, tenant farmers, oral lessees, share croppers/individuals taking up farm activities.
To serve as collateral substitute for loans to be provided to the target group.
To build mutual trust and confidence between bank and...
Purpose: To provide hassle free credit to borrowers in trade and services sector who are willing to furnish mortgage of land and building of adequate value.
First generation entrepreneurs as well as promoters of existing units for the purpose of setting up of new units.
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: Minimum 21 years (ii) ...