Home › Circulars › RBI/2004-05/452

PMRY 2004-05: Banks Must Close Sanction-Disbursement Gap by June 30, 2005

No longer current — withdrawn, no replacement on file yet

Source: Reserve Bank of India · RBI/2004-05/452 · issued 04 May 2005 · ~1 min read

Quick answerRBI circular directs all scheduled commercial banks (excluding RRBs) to reconcile PMRY data with state governments and RBI, reduce the gap between sanctions and disbursements, and ensure cases sanctioned by March 31, 2005 are fully disbursed by June 30, 2005.

The rule, in the simplest words

Banks must check and match their PMRY [a government loan scheme for jobs] data with state governments and RBI.
Banks should make sure the number of loans they approve is close to the number they actually give out.
All loans approved by March 31, 2005 must be given to borrowers by June 30, 2005.
Every bank must meet its full target for the 2004-2005 year under the PMRY scheme.
Banks must tell their regional offices and branches to follow these rules.

How it plays out — a real example

Ravi, a branch manager at a scheduled commercial bank in Tamil Nadu, reviews his PMRY portfolio. He notices 50 loans were sanctioned but only 30 disbursed. Following this circular, he immediately works with his team to disburse the remaining 20 loans before June 30, 2005, and reconciles the data with the state government through the SLBC convener.

What changed

Following a February 10, 2005 meeting chaired by the Joint Secretary (ARI), Government of India, modifications were suggested to make the PMRY scheme more effective. Banks are now required to reconcile data with state governments and RBI, reduce the sanction-disbursement gap, and ensure full target achievement with sanctions by March 31, 2005 and disbursements by June 30, 2005.

What it means for you

Banks must prioritize closing the gap between loan sanctions and actual disbursements under PMRY to improve scheme effectiveness. This requires tighter coordination with state-level committees and RBI to ensure allocated targets are fully met within the specified deadlines.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Reconcile PMRY data with State/Union Territory Governments and RBI through SLBC conveners.
Reduce the gap between number of cases sanctioned and disbursed.
Ensure all sanctioned cases are completed by March 31, 2005 and fully disbursed by June 30, 2005.
Issue instructions to regional/controlling offices and branches to comply.
Acknowledge receipt of this circular.

Who it affects

All Indian Scheduled Commercial Banks (Excluding RRBs), State Level Bankers Committee (SLBC) conveners, Regional/Controlling Offices and Branches

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-07-28 04:09 IST
extended_by — PMRY Loan Sanction Lapse Date Extended to July 31, 2005
Status change: withdrawn 08 Jul 2026, 13:17 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the deadline for disbursing PMRY loans?

All cases sanctioned by March 31, 2005 must be fully disbursed by June 30, 2005.

Who is responsible for data reconciliation?

SLBC conveners must reconcile PMRY data with State/Union Territory Governments and RBI.

What happens if banks don't meet targets?

The circular does not specify penalties, but banks are instructed to ensure full achievement of allocated targets.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)

Extended by PMRY Loan Sanction Lapse Date Extended to July 31, 2005

RBI’s words: “Please refer to para 1(iii) of our circular RPCD.PLNFS.BC.No.97/09.04.01/2004 – 2005 dated May 04, 2005”

📜 Read the original circular — full text as issued by RBI

Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 5 kb ) Meeting to Review Progress in implementation of the Prime Minister Rozgar Yojana (PMRY) for the year 2004-2005 RBI/2004-05/452 RPCD.PLNFS.BC.No.97/09.04.01/ 2004 –2005 May 4, 2005 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Meeting to Review Progress in implementation of the Prime Minister Rozgar Yojana (PMRY) for the year 2004-2005 As per the decision of the meeting held on 10.02.2005 under the chairmanship of Jt. Secretary (ARI), Government of India, the following modifications have been suggested in implementation of PMRY in order to make the scheme more effective. i. The State Level Bankers Committee (SLBC) conveners should reconcile the data with the State/Union Territory Governments as well as Reserve Bank of India. ii. The banks must try to reduce the gap between number of cases sanctioned and disbursed by them. iii. All implementing agencies should ensure full achievement of the allocated targets under the PMRY for 2004 –2005 for the cases sanctioned by 31.03.2005 and complete disbursement by 30.06.2005. 2. You may issue necessary instructions to your Regional /Controlling Offices / Branches in this regard. 3. Please acknowledge receipt. Yours faithfully, (G.P.Borah) Deputy General Manager 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links : Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/452 · issued 04 May 2005. The plain-English explanation above is BankPulse’s own independent summary.

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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2238&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.