46th Branch of MCAB opens at Nongmynsong

Posted in March 2012

SHILLONG, March 29: The 46th Branch of the Meghalaya Cooperative Apex Bank(MCAB) ltd was inaugurated at Nongmynsong, Shillong on Thursday by the Meghalaya Minister for Water Resources, A L Hek.
Hek lauded the effort of the MCAB management for expanding its banking service in every nook and corner of the state for catering needs of the people.
Expressing happiness that the MCAB has implemented core banking in the State, Hek mentioned that this facility will ensure speedy process of financial matters. He hoped that more new branches will be open especially in those areas where there are no banking facilities.
Apart from Deposit schemes the bank is also implementing loan schemes, such as crop loans, term loans for tourism development, integrated village development scheme, unemployed youth loan and others. Besides, the bank also renders its service to provide financial assistance to urban banks, weavers, cooperatives, industrial cooperative, joint farming, societies, implementation of RKBY for the benefit of farmers, KCC scheme for farmers and so on.
Others present in the occasion included Joint Registrar of Cooperative Societies, J. Syiem , Chairperson of the MCAB, Mukul Das, Vice Charman, D. F War , R. Warjri and D.F. Warjri among others.

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