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PMRY loan disbursement deadline extended for Assam due to floods

No longer current — withdrawn, no replacement on file yet

Source: Reserve Bank of India · RBI/2005-06/99 · issued 08 Aug 2005 · ~2 min read

Quick answerRBI extends the PMRY loan disbursement cut-off for Assam's 2004-05 programme year from July 31 to December 31, 2005, due to heavy floods. Banks must update their branches and regional offices accordingly.

What changed

The cut-off date for completing disbursement of loans sanctioned under the PMRY programme year 2004-05 for Assam has been extended from July 31, 2005 to December 31, 2005. This extension was granted by the Ministry of A & RI, Government of India, in view of difficulties faced by banks due to heavy floods in the state.

What it means for you

Banks operating in Assam now have an additional five months to disburse PMRY loans for the 2004-05 cycle, reducing the risk of non-compliance due to flood-related disruptions. This gives lenders more time to process pending cases without penalty, but they must ensure all disbursements are completed by the new deadline to avoid regulatory issues.

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 all regional/controlling offices and branches in Assam to extend the disbursement cut-off to December 31, 2005 for PMRY loans sanctioned under 2004-05.
Update internal systems and reporting mechanisms to reflect the revised deadline for Assam.
Monitor flood-affected branches to ensure timely disbursement of pending sanctioned cases.
Acknowledge receipt of this circular to RBI as instructed.

Who it affects

All Indian scheduled commercial banks (excluding RRBs) with branches in Assam, Regional and controlling offices of banks in Assam, Branches implementing PMRY loans in Assam

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-19 20:09 IST
Status change: withdrawn 09 Jul 2026, 04:03 IST

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

Why was the cut-off date extended only for Assam?

The extension was granted specifically for Assam because heavy floods in the state made it difficult for bank branches to complete disbursements by the original deadline of July 31, 2005.

Does this extension apply to other states or previous programme years?

No, this circular applies only to the PMRY programme year 2004-05 for the state of Assam. Other states or years are not covered.

What should banks do if they have already disbursed loans before the original deadline?

No action is needed for already disbursed loans. The extension only affects cases sanctioned but not yet disbursed by July 31, 2005.

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

RBI/2005-06/99

 RPCD.PLNFS.BC.No. 27/09.04.01/2005–2006 

 August 08, 2005 

 The Chairman/Managing Director

 All Indian Scheduled Commercial Banks

 (Excluding RRBs) 

 Dear Sir, 

 PMRY – Extension of Cut-Off date for completion 
 of disbursement of loans for the programme year 2004-05 - for the state of ASSAM 

 Please refer our circular RBI/2005-06/88/RPCD.PLNFS.BC.No.25/09.04.01/2005 
 –2006 dated 
 August 01, 2005 . 

 2. In view of the difficulties experienced by 
 implementing bank branches in the state of Assam in completing disbursements 
 by the stipulated cut-off date i.e., 31.07.2005 due to heavy floods in the state, 
 the Ministry of A & RI, Govt. of India has since decided to extend the cut-off 
 date for completion of disbursement for the cases sanctioned under the Programme 
 Year 2004-05 for the state of ASSAM from 31 July 2005 to December 
 31, 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/2005-06/99 · issued 08 Aug 2005. The plain-English explanation above is BankPulse’s own independent summary.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2420&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.