The Meghalaya Cooperative Apex Bank Ltd. was incorporated on 16th February, 1971 under the provisions of Meghalaya Cooperative Societies Act and on obtaining the required license from the Reserve Bank of India under the Banking Regulation Act, 1949 (as applicable to Cooperative Societies) , it commenced banking business on and from 1st July, 1971 .
Purpose – The scheme is intended for regular constituents of the Bank for construction of their residential houses with financial assistance from the Bank.
Eligibility – Regular constituents of the Bank who are capable of repaying the loan
Rate of Interest – As per the terms and conditions of the bank as follows
Documents Required – Proof of address, identity, Bank account statement etc