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PMRY 2007-08 Targets Revised for Select States/UTs

Current · Source: Reserve Bank of India · RBI/2007-2008/151 · issued 01 Oct 2007 · ~1 min read
Quick answerRBI has revised PMRY loan targets for 2007-08 for six states/UTs: Nagaland, Uttarakhand, Mizoram, Orissa, Tripura targets increased; Chandigarh target reduced. Banks must achieve revised targets by March 31, 2008.
The rule, in the simplest words
How it plays out — a real example

Ravi, a branch manager in Nagaland, sees his PMRY target jump from 400 to 1,500 loans. He immediately calls his loan officers to speed up processing of micro-enterprise applications, ensuring they hit the new number before March 31, 2008.

What changed

The Ministry of MSME revised PMRY targets for 2007-08 for six states/UTs. Nagaland target raised from 400 to 1,500; Uttarakhand from 4,800 to 8,000; Mizoram from 200 to 700; Orissa from 8,500 to 12,500; Tripura from 1,200 to 2,200. Chandigarh target reduced from 400 to 150.

What it means for you

Banks in these states/UTs must adjust their lending plans to meet the new, higher targets (except Chandigarh). The revision reflects government focus on boosting micro-enterprise in underserved regions. All other PMRY terms remain unchanged.

What you must do

Who it affects

All Indian Scheduled Commercial Banks (excluding RRBs), Branches in Nagaland, Uttarakhand, Mizoram, Orissa, Tripura, and Chandigarh

❓ Common questions

Why were PMRY targets revised for only these states/UTs?

The Ministry of MSME decided to enhance or reduce targets based on regional needs; the circular does not specify reasons beyond that.

Do other terms of PMRY change?

No. All other terms and conditions remain the same as per the earlier circular dated May 29, 2007.

What is the deadline for achieving these targets?

Banks must achieve the revised targets by March 31, 2008.

📜 Read the original circular — full text as issued by RBI
Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 51 kb ) Target under PMRY 2007-08 revised RBI/2007-2008/151 RPCD.PLNFS.BC.No. 27 /09.04.01/ 2007 –2008 October 01, 2007 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Target under PMRY for the programme year 2007-2008 – Revision thereof Please refer to our circular RBI/2006-07/421/ RPCD.PLNFS.BC.No. 100/ 09.04.01/ 2006 –2007 dated May 29, 2007 on the captioned subject. The Ministry of Micro, Small & Medium Enterprises, Government of India has since decided to enhance / reduce target allocated to some states/UTs for the year 2007-08 under PMRY as per the details given below: State / Union Territory Previously communicated Target (No.) Revised Target (No.) Nagaland 400 1500 Uttarakhand 4800 8000 Mizoram 200 700 Orissa 8500 12500 Tripura 1200 2200 Chandigarh 400 150 2. All other terms and conditions will remain the same as advised earlier. 3. You may issue necessary instructions to your Regional /Controlling Offices/ Branches for active participation and achievement of allocated targets by 31.03.2008. 4. Please acknowledge receipt. Yours faithfully, (R. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/151 · issued 01 Oct 2007. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Update branch-level PMRY targets for Nagaland, Uttarakhand, Mizoram, Orissa, Tripura, and Chandigarh as per revised numbers.
📜 Compliance
  • Issue internal instructions to regional/controlling offices to prioritize achievement by March 31, 2008.
  • Monitor progress closely to ensure revised targets are met within the remaining programme year.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Branch Manager at a bank this circular applies to (All Indian Scheduled Commercial Banks (excluding RRBs), Branches in Nagaland, Uttarakhand, Mizoram, Orissa, Tripura, and Chandigarh), your first concrete step on “PMRY 2007-08 Targets Revised for Select States/UTs” is: “Update branch-level PMRY targets for Nagaland, Uttarakhand, Mizoram, Orissa, Tripura, and Chandigarh as per revised numbers.” (RBI issued this 01 Oct 2007).

  1. Circular: RBI/2007-2008/151 -- PMRY 2007-08 Targets Revised for Select States/UTs
  2. Issued: 01 Oct 2007
  3. Action required: Update branch-level PMRY targets for Nagaland, Uttarakhand, Mizoram, Orissa, Tripura, and Chandigarh as per revised numbers.
  4. Action required: Issue internal instructions to regional/controlling offices to prioritize achievement by March 31, 2008.
  5. Action required: Monitor progress closely to ensure revised targets are met within the remaining programme year.
  6. Owner: ____________ Target date: ____________
  7. Board/committee approval needed? Y / N
  8. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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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=3842&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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