MCAB Meghalaya Co-operative Apex Bank Recruitment 2019

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Post Name : Resource Person No of Vacancy : 02 Posts Pay Scale : Rs. 25000/- (Per month) Educational Qualification : Master in Business Management / Rural Management/ Co-operative Management / Commerce / Agriculture and allied disciplines with 2-3 years experience in Rural Financial Institutions, NBFCs’, MFIs’, insurance, sales and retail or in other relevant developmental Institutions. Nationality : Indian Age Limit : 62 years Job Location :...
Exp: Fresher Education : Any Graduate Any Graduate Job Category : Goverment Jobs Goverment Jobs

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 licence 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 .

The Bank has been a pioneer in banking in the State and rendering various  public utility services since inception. It has been playing pivotal role in the promotion and strengthening  of cooperatives and serving the cause of rural development and target groups through the affiliated Cooperative Societies  and its Branches spread all over the State and  has formulated various  attractive  Deposit Schemes  to cater to the needs of the general public  offering 0.25 % more interest  than the Commercial / Public Sector Banks with a view to encourage  savings and thrift  habit among the people.

The Bank has diversified  its loan portfolios and it has been catering to the credit needs of agriculture and allied agriculture, procurement and  marketing ,consumer goods dealing, handloom and weaving , housing, transport, consumer durables, tourism development  and various other viable economic activities  under farm & non-farm sectors for improving the economic condition of the people. Apart from this, the Bank has been providing General Banking and other useful services to the general public, like collection of Cheques and Bills, issue of Bank Drafts, Banker’s cheques, attending to  customers’ standing instructions, loans against Fixed Deposit Receipts, etc.   

The Bank had introduced Mobile Banking System in rural areas of the East Khasi Hills Districts for more than a decade now and is making all out efforts to increase its outreach  in the rural areas by opening ‘No Frill Accounts’.

Financial assistance in the shape of overdraft facilities  and loans are extended  to Government Gazetted Officers and regular constituents of the Bank against adequate securities . Government  approved Whole-sellers dealing in Fair Price Commodities  are also provided cash credit facilities  in a limited scale . Credit facilities also provided to the Govt. Servants as also to Technocrafts &  Professionals like Doctors, Chartered Accountants, etc. for purchase of vehicles for their easy mobility & setting up of Clinics/Nursing Homes/Self Employment Units. The Bank has also been launching  new and innovating schemes for the benefit  of the people and the un-employed  youths  of the state . With a view to help the educated unemployed youths of the State, the Bank is  extending credit support  to the youths  for their self employment  on easy terms.

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