Master Circular on Priority Sector Lending- Special Programmes - Swarnajayanti Gram Swarozgar Yojana (SGSY)
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/56 · issued 01 Jul 2010 · ~1 min read
Quick answerRBI consolidated all SGSY guidelines into a single Master Circular effective July 1, 2010, covering SHG formation, lending norms, subsidy, and monitoring for rural self-employment. Banks must follow updated instructions for priority sector compliance.
What changed
RBI issued an updated Master Circular (RBI/2010-11/56) replacing the July 2009 version, consolidating all existing SGSY guidelines. The circular integrates instructions on SHGs, revolving funds, subsidy lock-in, and recovery norms into one document.
What it means for you
Banks must now reference this single circular for SGSY compliance, ensuring uniformity in lending and monitoring. The consolidation simplifies audit and reporting, but banks need to update internal manuals and train staff on the latest norms.
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
Replace the 2009 SGSY circular with this 2010 Master Circular in your policy documents.
Train branch staff on updated SHG formation, revolving fund, and subsidy lock-in procedures.
Align internal audit checklists with the consolidated guidelines to ensure compliance.
Update priority sector lending reporting formats as per the circular's annexures.
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 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 effective date of this Master Circular?
The circular is dated July 1, 2010, and supersedes the previous Master Circular of July 1, 2009.
Does this circular change the SGSY subsidy lock-in period?
The circular includes a section on subsidy lock-in period, but the source text does not specify the exact duration. Banks should refer to the full circular for details.
Which banks are covered under this circular?
All commercial banks, including Regional Rural Banks and Co-operative banks, are required to follow these guidelines.
📜 This document’s life story (3 recorded events, each backed by RBI’s own words)
RBI’s words: “this Master Circular consolidates all the circulars on the subject issued by Reserve Bank of India till date as indicated in the Appendix”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/56
RPCD. SP. BC. No.7 /09.01.01/2010-11
July 01, 2010
All Commercial Banks
Dear Sir,
Master Circular on Priority Sector Lending- Special Programmes - Swarnajayanti Gram Swarozgar Yojana (SGSY)
Please refer to our Master Circular RBI/2009-10/35 : RPCD.SP.BC.No.7/09.01.01/2009 -10 dated July 1, 2009 on Swarnajayanti Gram Swarozgar Yojana (SGSY).
To enable the banks to have current instructions at one place, an up-dated Master Circular incorporating all the existing guidelines/instructions/directives on the Scheme has been prepared and is enclosed. We advise that this Master Circular consolidates all the circulars on the subject issued by Reserve Bank of India till date as indicated in the Appendix .
Please acknowledge receipt.
Yours faithfully,
(B.P.Vijayendra)
Chief General Manager
Encl: As above
MASTER CIRCULAR
PRIORITY SECTOR LENDING - SPECIAL PROGRAMMES
Contents
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/56 · issued 01 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=5791&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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