SGSY Credit Targets for 2007-08: Bank Allocation & Monitoring
No longer current — replaced by Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)
Source: Reserve Bank of India · RBI/2006-2007/296 · issued 29 Mar 2007 · ~1 min read
Quick answerRBI sets state-wise credit mobilisation targets under SGSY for 2007-08, totaling Rs 374,355.30 lakh. Banks must allocate via SLBCs, achieve per-family investment of Rs 25,000, and submit quarterly progress reports within 45 days.
The rule, in the simplest words
Banks must give loans to self-help groups under SGSY as per state-wise targets set by the government.
Each family getting a loan should get at least Rs 25,000 total investment (loan plus subsidy).
State-level bank committees (SLBCs) will decide how much each bank must lend, based on its size and rural branches.
Banks have to send progress reports every three months within 45 days after the quarter ends.
If needed, states can ask for higher targets after talking to the bank committee.
How it plays out — a real example
Ravi, the SLBC convenor in Bihar, uses the state target of Rs 46,998.97 lakh to assign lending goals to each bank based on their rural branch count. He ensures every bank knows its share and the Rs 25,000 per-family investment rule before the year starts.
What changed
Government finalised credit mobilisation targets for SGSY for 2007-08. RBI directs SLBCs to allocate these targets among banks based on resources and branch presence. Banks must maintain a minimum subsidy-credit ratio and per-family investment of Rs 25,000.
What it means for you
Banks must integrate these targets into their corporate planning and branch-level goals. Regular SLBC/DCC reviews will track performance. Non-achievement could invite RBI monitoring scrutiny. The indicative targets can be enhanced by states if needed.
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
Allocate state-wise SGSY credit targets to individual banks via SLBC using parameters like resources and rural branch count.
Ensure each self-help group family receives at least Rs 25,000 investment and maintain the prescribed subsidy-credit ratio.
Submit quarterly cumulative progress reports and recovery statements within 45 days of quarter/half-year end.
Issue internal instructions to controlling offices and branches for target achievement and reporting.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), State Level Bankers' Committees (SLBCs), Lead Banks in each state/UT, District Coordination Committees (DCCs)
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-07-28 04:08 IST
Superseded by — Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)
Status change: superseded10 Jul 2026, 04:05 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the total credit target under SGSY for 2007-08?
The total credit mobilisation target for all states/UTs is Rs 374,355.30 lakh.
Can states increase the credit targets?
Yes, states/UTs can enhance targets in consultation with their SLBC or DCC if needed.
What is the deadline for submitting progress reports?
Quarterly cumulative progress reports must be submitted within 45 days from the close of the quarter or half-year.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Superseded byDeendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM)
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/296 · issued 29 Mar 2007. 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=3411&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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