The Department of Commerce and Industries is entrusted for general improvement of different mechanical and business exercises in the state. The Department assumes formative and assistance part to draw in mechanical interests in the state. It concentrates on making an industry inviting condition and detailing appropriate strategies in the State went for pushing quick pace modernization and fortifying of mechanical units. The Department gives an intuitive stage to synergistic coordination amongst financial specialists and the State Government. The Department is upheld by its backups as Agency, Board and Corporative.

1. Directorate of Commerce and Industries
2. District Commerce and Industries Centre
3. Meghalaya Industrial Development Corporation Ltd
4. Meghalaya Khadi Village and Industries Board
5. Meghalaya Handloom and Handicraft Development Corporation Ltd

Meghalaya Industrial Development Corporation

Meghalaya Industrial Development Corporation was set up under the Companies Act, 1956, as an entirely claimed state government undertaking for advancement and improvement of medium and expansive businesses. Notwithstanding arrangement of monetary assistance,it is additionally associated with creating modern foundation like mechanical domains, mechanical parks, and so on and setting up mechanical tasks either without anyone else or in the joint area in a joint effort with private business visionaries or as entirely claimed backups.

Meghalaya Industrial Development Corporation has created modern framework offices to empower imminent business people to set up their ventures in the state.

The Corporation likewise renders specialized help to the business people in the detailing of the undertaking reports and gives normal offices in the mechanical domains.

It gives advances and advances to the modern units in the medium and vast parts to the most extreme of Rs.400 lakhs. The financing cost goes between 13.5% to 17% contingent on the extent of the advance.

Scheme Details

Financial Schemes

The loan schemes for various purposes are:

a) Long Term Loan to all eligible Industrial units against acquiring fixed assets.
b) Long Term Loan to Transport operator.
c) Long Term Loan to Hotel & Restaurant operator.
d) Term Loan for Hospital, Nurshing home etc.

Interest Rate Structure
The interest rate structure for the various loan schemes are as follows:
For Loan upto Rs. 25,000.00 @ 12.5% p.a.
For Loan from Rs. 25,000.00 to 2,00,000.00 @14.5% p.a.
For Loan above Rs. 2,00,000.00 @ 16.5% p.a.

Period of Loan
The period of loan depends on the D.S.C.R
Maximum period of 10 (ten) years is permissiable.

Contact Address

The Meghalaya Industrial Development Corporation
"Kismat" Upland Road,
Laitumkhrah,
Shillong - 793 003
Meghalaya.
Telephone: 0364-224965, 224763
Fax: 0364-224763
Telex: 237-21 MIDCO

Contact Person
Shri J.R.Myrboh, Managing Director