No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/366 · issued FY 2008-09 · ~1 min read
Quick answerRBI forwards Govt of India's Jan 14, 2009 letter amending the Agricultural Debt Waiver & Debt Relief Scheme, 2008. Urban co-op banks must implement changes and publicise them so eligible 'other farmers' can claim relief.
What changed
RBI issued a circular forwarding a Government of India letter dated January 14, 2009, which modifies the earlier Agricultural Debt Waiver and Debt Relief Scheme, 2008. The specific changes are not detailed in this circular, but banks are instructed to take action and give wide publicity to the revised scheme.
What it means for you
Primary Urban Co-operative Banks must update their internal processes to align with the amended scheme parameters. Banks need to actively inform eligible 'other farmers' about the changes to ensure they can access the debt relief benefits.
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
Review the enclosed Government of India letter and implement the revised scheme provisions.
Give wide publicity to the changes so all eligible 'other farmers' are aware of the relief.
Acknowledge receipt of this circular to your respective Regional Office.
Update internal records and loan systems to reflect the amended debt waiver criteria.
Who it affects
Primary (Urban) Co-operative Banks, Eligible 'other farmers' under the Agricultural Debt Waiver and Debt Relief Scheme, 2008
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 11:04 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn05 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the main purpose of this circular?
It forwards a Government of India letter that amends the Agricultural Debt Waiver and Debt Relief Scheme, 2008, and directs UCBs to implement and publicise the changes.
Who are 'other farmers' as mentioned in the circular?
The circular does not define 'other farmers', but it refers to a category of farmers eligible for debt relief under the scheme, distinct from small and marginal farmers.
What action is required from UCBs?
UCBs must take necessary action to implement the scheme changes, give wide publicity to ensure eligible farmers benefit, and acknowledge receipt to their Regional Office.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
📜 Read the original circular — full text as issued by RBI
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( 501 kb )
UCBs – Agricultural Debt Waiver and Debt Relief Scheme, 2009
RBI/2008-09/366
UBD. PCB.Cir.No. 42 /13.05.006/08-09
January 30 , 2009
The Chief Executive Officer of all
Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008
Please refer to our circular UBD.PCB. Cir. No.43/13.05.000/07-08 dated May 23, 2008 on the captioned subject.
2. We forward herewith a copy of a letter F.No. 3/9/2008-AC dated January 14, 2009 received from Government of India, Ministry of Finance, New Delhi, on the captioned subject. The contents are self explanatory.
3. You are requested to take necessary action in this regard and give wide publicity to the change in the Scheme as envisaged in the above letter so that all eligible ‘other farmers’ get the benefit of debt relief under the Scheme.
4. Please acknowledge receipt to Regional Office concerned.
Yours faithfully,
Sd/-
(A.K.Khound)
Chief General Manager-in-Charge
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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/366 · issued FY 2008-09. The plain-English explanation above is BankPulse’s own independent summary.
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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=4805&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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