The Meghalaya government has rolled out sweeping financial reforms aimed at strengthening rural financial inclusion, including the establishment of the Kong Pla Tangka Cooperative Society. Announced by Chief Minister Conrad K. Sangma on January 30, the cooperative society will act as an apex institution to empower women’s Self-Help Groups (SHGs), offering enhanced financial services and access to capital.
Since 2018, the SHG network has witnessed remarkable growth, expanding from just 4,000 groups to 51,674 groups. Membership has surged from 40,000 to over 520,000, managing a total capital flow of Rs 1,000 crore in the state’s rural economy. “The SHG network has been a key driver in empowering women and boosting the rural economy,” said Sangma.
The cabinet also approved increasing the Meghalaya Contingency Fund to Rs 1,000 crore, which will further support rural development and other public services. Additionally, amendments were passed to update service rules in sectors including accounts, audit, electricity regulation, and food supplies, addressing administrative challenges.
In a separate development, the cabinet appointed Col. Darryl Hopkins (Retd.) as the new Director of Sainik Welfare, succeeding Col. GK Rai whose term has ended. Hopkins was selected from a shortlist of candidates recommended by the Selection Committee.
