PMRY 2005-06 Targets Revised for Select States/UTs
No longer current — replaced by Prime Minister's Employment Generation Programme (PMEGP)
Source: Reserve Bank of India · RBI/2005-06/58 · issued 14 Jul 2005 · ~1 min read
Quick answerRBI has revised PMRY loan targets for 2005-06 for Pondicherry, Chandigarh, Andaman & Nicobar, Uttaranchal, and Nagaland. Banks must achieve revised targets by March 31, 2006, with all other terms unchanged.
The rule, in the simplest words
The government changed the number of loans banks must give under PMRY for 2005-06 in five places.
Pondicherry, Chandigarh, and Andaman & Nicobar got lower targets; Uttaranchal and Nagaland got higher targets.
All other rules about who can get the loan and how much subsidy are still the same.
Banks must tell their branches and finish the new targets by March 31, 2006.
Banks must say they got this message from RBI.
How it plays out — a real example
Ravi, the regional manager of a bank in Uttaranchal, sees the target for his region has gone up from 7,000 to 8,000 loans. He calls his branch heads to push more applications and sets weekly review meetings to hit the new number by March 31, 2006.
What changed
The Ministry of agro & rural Industries revised PMRY targets for 2005-06 for five states/UTs. Pondicherry target reduced from 900 to 650, Chandigarh from 350 to 100, Andaman & Nicobar from 400 to 200. Uttaranchal target increased from 7,000 to 8,000, Nagaland from 1,200 to 2,800.
What it means for you
Banks in these regions must adjust their branch-level planning to meet the new numbers. The unchanged terms mean existing eligibility, subsidy, and reporting rules still apply. Failure to achieve targets by March 31, 2006, could affect compliance reporting.
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 PMRY target allocations for Pondicherry, Chandigarh, Andaman & Nicobar, Uttaranchal, and Nagaland branches.
Communicate revised targets to regional/controlling offices and branches immediately.
Monitor monthly progress to ensure achievement by March 31, 2006.
Acknowledge receipt of this circular to RBI.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), Branches in Pondicherry, Chandigarh, Andaman & Nicobar, Uttaranchal, and Nagaland, Regional/Controlling Offices of these banks
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-07-28 04:08 IST
Superseded by — Prime Minister's Employment Generation Programme (PMEGP)
Status change: superseded09 Jul 2026, 04:03 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is PMRY?
PMRY stands for Prime Minister's Rozgar Yojana, a government scheme to provide self-employment loans to educated unemployed youth.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2005-06/58 · issued 14 Jul 2005. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=2364&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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