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...
(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...
Term deposits, also known as time deposits, are investment deposits made for a predetermined period of time, ranging from a few months to several years. The depositor receives a predetermined rate of interest on the term deposit over the specified time period. Funds deposited for longer time periods...
Purpose
Cultivation of Plantation and Horticulture crops, Plough Bullocks, Minor Irrigation, Land Development etc.
Target Group
Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
Age
Mi...
On April 8, 2015 the Hon’ble Prime Minister launched the Pradhan Mantri MUDRA Yojana (PMMY) with a mission to create an inclusive, sustainable and value based entrepreneurial culture.
The scheme aims at providing loans to Small Business activities under Manufacturing, Service, Small Business and Tr...
Purpose
Cultivation of short-term crops (Short Term Seasonal Agricultural Operations) and meeting contingency expenses subject to 20% of the peak credit limit.
Target Group
All farmers, individuals (singly or jointly), tenant farmers, oral lessees, share croppers, SHGs and...
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...
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...
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...
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...
All Individuals singly or jointly, or professionals are eligible to open these accounts.
Customers should have valid KYC documents
Mode of Operation: Single/Jointly/Either or Survivor/ Former or survivor, Later or survivor, etc.
Type of Deposit
Minimum Balance (in Rs)
Mode of Op...
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...