What changed
The Ministry of Micro, Small & Medium Enterprises extended the disbursement deadline for PMRY milch animal cases for Programme Year 2006-2007 from June 30, 2007 to November 30, 2007. This partially modifies the earlier circular dated April 10, 2007.
What it means for you
Banks now have an additional five months to complete disbursements for these specific PMRY cases, reducing pressure to meet the original deadline. This extension helps ensure more beneficiaries receive loans under the scheme without penalty for delayed processing.
What you must do
- Update internal systems and branch instructions to reflect the new cut-off date of November 30, 2007 for PMRY milch animal disbursements.
- Communicate the extension to all regional and controlling offices to ensure consistent implementation.
- Monitor pending cases and prioritize disbursement to meet the revised deadline.
- Acknowledge receipt of this circular to RBI as instructed.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), Branches handling PMRY loans for milch animals, PMRY beneficiaries in the milch animal category
What is the new cut-off date for PMRY milch animal disbursements?
The cut-off date has been extended from June 30, 2007 to November 30, 2007 for cases under Programme Year 2006-2007.
Does this extension apply to all PMRY loans?
No, it applies only to cases involving purchase of milch animals under PMRY for Programme Year 2006-2007.
Which banks are covered by this circular?
All Indian Scheduled Commercial Banks, excluding Regional Rural Banks (RRBs).