PMRY Loan Sanction Lapse Date Extended to July 31, 2005
No longer current — replaced by Master Circular on Prime Minister's Rozgar Yojana (PMRY) - RBI/2005-06/25
Source: Reserve Bank of India · RBI/2004-05/469 · issued 16 May 2005 · ~1 min read
Quick answerRBI extends PMRY loan sanction and disbursement cut-off for 2004-05 cases from June 30 to July 31, 2005, giving banks one more month to complete pending disbursements under the programme.
What changed
The Ministry of Agro and Rural Industries extended the cut-off date for lapsing of sanctions and completion of disbursement for PMRY loans sanctioned during 2004-05 by one month, from June 30, 2005 to July 31, 2005. This supersedes the earlier deadline set in the May 4, 2005 circular.
What it means for you
Banks now have additional time to disburse loans already sanctioned under PMRY for 2004-05 without those sanctions lapsing. This reduces pressure on branch staff to meet the earlier June 30 deadline and helps avoid re-sanctioning delays for borrowers.
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
Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
Communicate the extension to all regional/controlling offices and branches handling PMRY loans.
Ensure pending disbursements are completed before the revised deadline to avoid lapse of sanctions.
Acknowledge receipt of this circular to RBI as instructed.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches handling PMRY loans, PMRY loan borrowers under 2004-05 programme year
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 20:48 IST
Superseded by — Master Circular on Prime Minister's Rozgar Yojana (PMRY) - RBI/2005-06/25
Status change: superseded08 Jul 2026, 13:16 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the new cut-off date for PMRY loan sanctions under 2004-05?
The cut-off date has been extended from June 30, 2005 to July 31, 2005 for both lapsing of sanctions and completion of disbursement.
Which banks are covered by this circular?
All Indian Scheduled Commercial Banks, excluding Regional Rural Banks (RRBs), are required to implement this extension.
Do we need to acknowledge receipt of this circular?
Yes, the circular explicitly asks banks to acknowledge receipt to the RBI.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Superseded byMaster Circular on Prime Minister's Rozgar Yojana (PMRY) - RBI/2005-06/25
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/469
RPCD.PLNFS.BC.No. 100 /09.04.01/ 2004 –2005
May 16, 2005
The Chairman / Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
PMRY - Cut-Off date for lapsing of sanctions
and completion of disbursement of loans in the cases sanctioned during 2004-05
Please refer to para 1(iii) of our circular
RPCD.PLNFS.BC.No.97/09.04.01/2004
– 2005 dated May 04, 2005 .
2. The Ministry of Agro and Rural Industries,
Government of India has since decided to extend the cut-off date for lapsing
of sanction and completion of disbursement for the cases sanctioned under the
Programme Year 2004-05 by a further period of one month, i.e., from 30 June
2005 to 31 July 2005.
3. You may issue necessary instructions to your Regional /Controlling
Offices/ Branches in this regard.
4. Please acknowledge receipt.
Yours faithfully,
(G.P.Borah)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/469 · issued 16 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=2255&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.
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