Shillong, Jul 23: The Meghalaya government has introduced the State Government Salary Package (SGSP) for over 43,000 of its employees.
A revised agreement was signed on Thursday between the government and the SBI. The Memorandum of Understanding (MoU) replaces the earlier signed in 2012 and offers a comprehensive suite of upgraded banking and financial services for government employees.
The revised SGSP introduces enhanced features, including the addition of a Rhodium salary package category, personal accident insurance of up to ₹1 crore, air accident insurance of up to ₹1.60 crore, group term life insurance, concessions on processing fees for personal, home, education and vehicle loans, upgraded RuPay, Visa and Mastercard debit cards, YONO SBI and other digital banking services, free online fund transfers, and family banking benefits under SBI Rishtey.
As of June 30, 2026, more than 43,000 state government employees maintain their salary accounts with SBI under the SGSP, accounting for nearly 71 per cent of the state’s workforce. Of these, over 33,000 employees have availed various loan facilities from the bank.
Chief Minister Conrad K Sangma, who attended the MoU signing function, said that the government remains committed to the welfare of its employees by ensuring access to better financial products and modern banking solutions.
He stated that the revised partnership reflects the government’s continued efforts to improve the quality of services available to employees while promoting financial inclusion and digital banking across the State.
The chief minister also appreciated SBI’s extensive contribution towards financial inclusion in Meghalaya through its network of branches, ATMs, Customer Service Points and its support in implementing various Government-sponsored schemes across the State.
