| TURA: Meghalaya Rural Bank (MRB) on Friday kick started the Tiny Home Loans scheme for Rural farmers and members of Self Help Groups (SHGs) at Asimgre village under Dadenggre in West Garo Hills where for the first time in the history of banking in Meghalaya, rural households are being sanctioned loans without collateral security.
General Manager of NABARD, F R Marak who was the Chief Guest on the occasion praised Bakdil promoted Chijanggi Producer Organisation for daring to take up the implementation of the Housing Scheme. He thanked Meghalaya Rural Bank for designing the scheme according to the conditions of the local people here in Meghalaya and also lauded the efforts of Bakdil in improving credit flow to the farmers not only in Dadenggre but in the entire Garo Hills as a whole. The Regional Manager, Meghalaya Rural Bank urged stakeholders particularly those who were sanctioned loans to be honest in repaying the same and set an example for the entire people of Meghalaya. Tura Bishop, Andrew Marak praised the efforts of Bakdil Director, Father Sunny Joseph Mavelil under whom the idea of collateral free housing loan was initially conceptualized. Among others who also spoke on the occasion was Bakdil Director, Fr Sunny Joseph Mavelil. |
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