Shillong, Jul 1: The Meghalaya government has released the full financial package under the one time special industrial closure scheme for employees of the Meghalaya Cement Corp Ltd (MCCL), with the final instalment now in the process of being disbursed, Sohra MLA and Meghalaya Industrial Development Corporation (MIDC) chief Gavin Mylliem said today.
MCCL is a state-owned, perennially loss-making cement company based in Mylliem’s constituency. After failing to revive it or to find a private partner to take it on, it was decided to wind down the company.
Speaking on the matter, Mylliem informed that the state government had approved a special closure package worth Rs 90.5 crore in January 2025 to facilitate the settlement of dues for MCCL employees. The amount was to be released in three instalments following a 40:30:30 payment pattern over three financial years beginning from 2024-25.
According to Mylliem, the first instalment of Rs 36 crore was released in March 2025. This was followed by the second instalment of Rs 27 crore in July.
He said the third and final instalment of Rs 27 crore, representing the remaining 30 percent, was received by the government in June 2026 and is currently in the process of being released to the employees.
This means that the government will have completed the disbursement within two years when the original plan extended over three financial years.
Apart from employee-related dues, Mylliem also informed that long-pending payments owed to suppliers of the corporation have been cleared over the past few months, bringing relief to vendors whose bills had remained unpaid for several years.
