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Directorate of Institutional Finance

The particulars of its organization, functions and duties:
(A) Organization :
The Directorate of Institutional Finance functions under the administrative control of Finance (Economic Affairs) Department, Government of Meghalaya. The Directorate is headed by the Director of Institutional Finance who in turn is assisted by a Joint Director, Under Secretary, Senior Research Officer, Research and Assistant Research Officer.

(B). Functions and Duties:
(i) Act as Nodal Department between the Nationalized Banks and the State Government Department in respect of any matters between the State Government and the Banking Institutions.
(ii) Follow-up action for the expansion of banking network in the State for the purpose of increasing credit/deposit ratio and opening of bank branches at different centres of the state.
(iii) Liaison with all the Banking and Financial Institutions operating in the State, and monitor and watch the progress of development in the implementation of State Government’s link with Bank Finance.
(iv) Matters involving all District Consultative Committee, State Level Bankers Committee and all other banking/financial institutional fora.
(v) Closely monitor and watch the implementation of the District Credit Plans and other bankable schemes over and above linkages of Government sponsored schemes with bank finance for the improvement of the economic condition of the poor people.
(vi) Women Economic Empowerment through Financial Inclusion, Financial Inclusion Committee, Designing A2F Programme.
(viii) Technical Committee for fixing the Scale of Finance.

(C). Procedure followed in the decision making process including channels of supervision and accountability.
All matters received in the Directorate are processed by the Assistant Research Officers / Research Officers /Senior Research Officers:-
Directorate finance institution flow chart

Key contact: Director Institutional Finance & Ex-Officio Joint Secretary, Government of Meghalaya Finance (Economic Affairs) Department
Ph. 0364 2227708
Email: finea-meg@nic.in/finance_affairs@yahoo.com