HomeCirculars › RBI/2008-09/366

UCBs: Agricultural Debt Waiver Scheme 2008 – Amendment Circular 2009

No longer current — withdrawn, no replacement on file yet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

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

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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1989: UBD.PCB.Cir.No.42/13.05.006/08-09 — "Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008" dated January 30, 2009”
📜 Read the original circular — full text as issued by RBI
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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  Encl: 1. 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn
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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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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