Medium & Long Term Loans are extended to the farmers through the affiliated Service Co-operative Societies direct for allied agricultural activities like land development, minor irrigation, purchase of farm machinery, poultry, goat rearing, pisciculture, dairy , horticulture, plantation & horticulture schemes.
For detailed information, kindly visit our nearest branch to you.
Short term loans are provided for Seasonal Agricultural Operation to Farmers, (cash & kind) through Service Co-operative Societies spread all over Meghalaya as per approved scales of finance, time schedule both under NCL, Cash Credit Systems & Kisan Credit Cards.
For detailed information, kindly visit our nearest branch to you.
Joint Liability Group is a concept established in India in 2014 by the rural development agency National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers.
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 similar type of economic activity in the Agriculture and Allied sector.
For detailed information, kindly visit our nearest branch to you.
A self-help group (SHG) is a financial intermediary committee usually composed of 10–20 local women or men. SHG is nothing but a group of people who are on daily wages, they form a group and from that group one person collects the money and gives the money to the person who is in need.
The Bank micro-finances SHG's for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc.
For detailed information, kindly visit our nearest branch to you.