Over 14,000 benefited from MUDRA loan in Meghalaya

Syllad | The Rising MeghalayaMarch 1, 2025

More than 8.5 lakhs Pradhan Mantri Jan Dhan Yojana accounts have been opened in Meghalaya.

“Almost Rs 186 crore has been sanctioned under MUDRA (PMMY) loan benefitting more than 14,000 individuals,” Governor CH Vijayashankar said in his address on Friday.

According to him, the state has been actively working to improve financial inclusion in Meghalaya.

Additionally, the government in collaboration with Meghalaya Rural Bank is leveraging a new interoperable MICRO ATM technology. These Micro ATMs allow people to operate these devices in their local dialect – Khasi, Pnar and Garo to withdraw or deposit cash.

The governor also informed that Meghalaya’s GSDP for the current financial year is projected to be Rs 59,228 crore which is 11.6% more than the previous year.

The primary, secondary and the tertiary sectors registered a growth of 16.6% and 10% respectively, in the current year.