Improving access to financial services for farmers, linkage to supply chains and promotion of financial literacy.
Rural Finance

WHAT IS AN IVCS?
An Integrated Village Cooperative Societies (IVCS) is an autonomous Community Based Organisation (CBO) which is formally registered as a Cooperative Society under the Meghalaya Cooperative Societies Act, 2015, to provide access to Financial Services in rural areas by leveraging strongly on the social capital in the village communities of the State.
IVCS are village cooperative societies whose primary role is to provide thrift, credit and other financial services to members.
Locally, they provide other services such as supply of inputs and essential items sourced from outside the village, aggregation of agri and allied products, sale of groceries, storage etc.
IVCS are modelled to operate on a self-sustaining mode – a person can become member of IVCS by purchasing at least one share.
IVCS can act as a service provider through which government, NGOs etc. can reach a village. They can also act as banking correspondents for various banks and financial institutions.
Locally, they provide other services such as supply of inputs and essential items sourced from outside the village, aggregation of agri and allied products, sale of groceries, storage etc.
IVCS are village cooperative societies whose primary role is to provide thrift, credit and other financial services to members.

IVCS can act as a service provider through which government, NGOs etc. can reach a village. They can also act as banking correspondents for various banks and financial institutions.
IVCS are modelled to operate on a self-sustaining mode – a person can become member of IVCS by purchasing at least one share.
AT A GLANCE
COMPONENT OUTPUT
- Formation of 300 IVCS.
- 90,000 IVCS members are actively using financial services, either from IVCS or facilitated from banks.
- Average combined share capital and savings per household with IVCS exceeds Rs 10,000.
- Total membership at 1,20,000 members.
- 70% of the IVCS are financially sustainable and have loan recovery rates of at least 95%.
COVERAGE
- 300 Integrated Village Cooperative Societies in 18 Blocks across all 11 Districts.
COMPONENT BUDGET
