SRMS Loan Disbursement Deadline Extended to December 31, 2009
Current · Source: Reserve Bank of India · RBI/2009-10/264 · issued 18 Dec 2009 · ~1 min read
Quick answerRBI extends SRMS loan disbursement deadline for manual scavenger rehabilitation to December 31, 2009, with spillover allowed until March 31, 2010. Banks must expedite pending loans under existing guidelines.
The rule, in the simplest words
The deadline to give out SRMS (Self Employment Scheme for Rehabilitation of Manual Scavengers) loans is now **December 31, 2009** instead of September 30, 2009.
If a loan can’t be finished by that date, it can be finished by **March 31, 2010** – this is called a spillover.
All public sector banks (except Rural Rural Banks) must **speed up the processing of any pending SRMS applications** so they finish by the new deadline.
Banks that do not meet the new deadline may face **regulatory scrutiny** from the RBI.
The Ministry wants the rehabilitation of manual scavengers to be almost finished by the end of the year.
How it plays out — a real example
Rohan, a senior officer at State Bank of India in Mumbai, reviews the list of pending SRMS applications. He works with the loan desk to complete the paperwork and disburse the funds before December 31, 2009, ensuring the manual scavenger receives the support on time. Rohan feels proud knowing he helped meet the RBI’s new deadline.
What changed
The earlier deadline of September 30, 2009 for completing SRMS implementation was extended. Banks now have until December 31, 2009 to disburse loans to all applicants, with any inevitable spillover allowed up to March 31, 2010.
What it means for you
Banks must prioritize clearing the backlog of SRMS loan applications by the new deadline. This extension gives lenders a few more months to process and disburse loans, but the Ministry expects near-complete rehabilitation by year-end. Non-compliance could invite regulatory scrutiny.
What you must do
Identify all pending SRMS loan applications and expedite processing to meet the December 31, 2009 deadline.
Ensure spillover cases are minimal and completed by March 31, 2010 as per existing RBI guidelines.
Coordinate with implementing agencies to track progress and report any bottlenecks to the Ministry of Social Justice & Empowerment.
Who it affects
All Indian public sector banks (excluding RRBs)
❓ Common questions
Which banks are covered by this circular?
All Indian public sector banks, excluding RRBs, are required to comply.
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/264
RPCD. S.P. BC. NO 47/09.03.01/2009-10
December 18, 2009
The Chairman /Managing Directors
All Indian Public Sector Banks
(Excluding RRBs)
Dear Sir,
Self Employment Scheme for Rehabilitation of Manual Scavengers. (SRMS) beyond 30 September 2009
Please refer to our Circular RPCD.SP.BC.No 117/09.03.01/2008-09 dated June 30, 2009 advising the banks to complete implementation of the Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) by September 30, 2009. The implementing agencies have been requested to complete implementation of the scheme by September 30, 2009.
Since a substantial amount of work is still left to be done for rehabilitation of identified manual scavengers under SRMS, Ministry of Social Justice & Empowerment has advised to disburse loan to all applicants, preferably by December 31, 2009 with the last quarter of the financial year 2009-10 being left for any inevitable spillover.
You are, therefore advised to ensure the completion of implementation of the SRMS Scheme up to December 31, 2009 and the spillover in inevitable cases up to the March 31, 2010 in a time bound manner as per the existing guidelines issued by us in this regard.
Yours faithfully,
(Molina Chowdhury)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/264 · issued 18 Dec 2009. The plain-English explanation above is BankPulse’s own independent summary.
Identify all pending SRMS loan applications and expedite processing to meet the December 31, 2009 deadline.
📜 Compliance
Ensure spillover cases are minimal and completed by March 31, 2010 as per existing RBI guidelines.
Coordinate with implementing agencies to track progress and report any bottlenecks to the Ministry of Social Justice & Empowerment.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (All Indian public sector banks (excluding RRBs)), your first concrete step on “SRMS Loan Disbursement Deadline Extended to December 31, 2009” is: “Identify all pending SRMS loan applications and expedite processing to meet the December 31, 2009 deadline.” (RBI issued this 18 Dec 2009).
Circular: RBI/2009-10/264 -- SRMS Loan Disbursement Deadline Extended to December 31, 2009
Issued: 18 Dec 2009
Action required: Identify all pending SRMS loan applications and expedite processing to meet the December 31, 2009 deadline.
Action required: Ensure spillover cases are minimal and completed by March 31, 2010 as per existing RBI guidelines.
Action required: Coordinate with implementing agencies to track progress and report any bottlenecks to the Ministry of Social Justice & Empowerment.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
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.
💬 Banker Discussion
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BankPulse Compliance Evidence Pack — generated 03 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=5427&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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