No longer current — replaced by Prime Minister's Employment Generation Programme (PMEGP)
Source: Reserve Bank of India · RBI/2005-06/389 · issued 17 May 2006 · ~1 min read
Quick answerRBI extends PMRY loan sanction and disbursement cut-off for Assam, Kerala, Tamil Nadu, West Bengal, and Pondicherry from May 31 to June 30, 2006, for programme year 2005-06.
What changed
The cut-off date for lapsing of sanction and completion of disbursement of loans under PMRY for programme year 2005-06 has been extended by one month for Assam, Kerala, Tamil Nadu, West Bengal, and Pondicherry. The new deadline is June 30, 2006, instead of May 31, 2006.
What it means for you
Banks in these states/UT get additional time to process and disburse PMRY loans without sanctions lapsing. This helps avoid disruptions in credit flow to small entrepreneurs under the scheme. Lenders must update internal systems and communicate the revised timeline to branches.
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
Issue instructions to regional/controlling offices and branches in Assam, Kerala, Tamil Nadu, West Bengal, and Pondicherry about the extended cut-off date.
Update internal loan processing systems to reflect June 30, 2006 as the new deadline for PMRY 2005-06 sanctions and disbursements.
Ensure acknowledgment of this circular to RBI as required.
Who it affects
All Indian scheduled commercial banks (excluding RRBs), Branches in Assam, Kerala, Tamil Nadu, West Bengal, and Pondicherry, PMRY loan applicants in these states/UT
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 18:32 IST
Superseded by — Prime Minister's Employment Generation Programme (PMEGP)
Status change: superseded09 Jul 2026, 04:07 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 loans in the specified states?
The cut-off date for lapsing of sanction and completion of disbursement is extended to June 30, 2006, from the earlier May 31, 2006.
Which states and union territory are covered by this extension?
Assam, Kerala, Tamil Nadu, West Bengal, and the Union Territory of Pondicherry.
Does this apply to all banks?
It applies to all Indian scheduled commercial banks, excluding Regional Rural Banks (RRBs).
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
📜 Read the original circular — full text as issued by RBI
RBI/2005-06/389
RPCD.PLNFS.BC.No. 83/ 09.04.01/ 2005 –2006
May 17, 2006
The Chairman / Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
PMRY–Extension of Cut-Off date for lapsing
of sanction and completion ofdisbursement of loans for the programme year 2005-06
- for some states/UT
Please refer our circular RBI
/ 2005-06 / 336/ RPCD.PLNFS.BC.No.70/ 09.04.01 /2005 –2006 dated
March 24, 2006 .
2. Ministry of Agro & Rural Industries,
Government of India has since decided to extend the cut-off date for lapsing
of sanction and completion of disbursement of loans for the cases sanctioned
under PMRY for the Programme Year 2005-06 for a further period of one month
in the states of Assam, Kerala, Tamil Nadu and West Bengal and in the Union
Territory of Pondicherry from May 31, 2006 to June 30, 2006.
3. You may issue necessary instructions to your
Regional /Controlling Offices/ Branches in this regard.
4. Please acknowledge receipt.
Yours faithfully,
(Sujatha Elizabeth Prasad )
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2005-06/389 · issued 17 May 2006. 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=2870&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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