Shillong, April 27, 2026: In a major step toward strengthening rural economies, the MegLIFE project under the Meghalaya Basin Development Authority (MBDA) has entered into a strategic partnership with the Meghalaya Rural Bank (MRB) to improve financial access for rural communities.
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Officials from the Meghalaya Basin Development Authority and Meghalaya Rural Bank pose after signing the MoU for the MegLIFE project partnership to strengthen financial access for rural communities in Meghalaya. |
The collaboration was formalised through a Memorandum of Understanding (MoU) signed at the MegLIFE Office by Gavade Sachin Shankar, Executive Director of MBDA and Additional Project Director of MegLIFE, and Ashish Yadav, Chairman of Meghalaya Rural Bank.
The signing ceremony was attended by senior officials from both organisations, reflecting a shared commitment to promoting sustainable and inclusive development across rural Meghalaya.
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The partnership aims to bridge the gap between rural entrepreneurs and the formal banking system by facilitating smoother credit linkages for Integrated Village Cooperative Societies (IVCS) operating under the MegLIFE project.
Through this initiative, rural communities engaged in income-generating activities are expected to gain improved access to essential financial services, enabling them to expand their enterprises and strengthen local livelihoods.
