Current · Source: Reserve Bank of India · RBI/2013-14/84 · issued 01 Jul 2013 · ~2 min read
Quick answerRBI updated its master circular on SJSRY, consolidating all instructions issued up to June 30, 2013. The scheme aims to provide urban poor with self-employment or wage employment through community structures and skill training. Banks must follow the revised guidelines for lending and reporting.
The rule, in the simplest words
Banks must follow the updated guidelines for lending and reporting under the Swarna Jayanti Shahari Rozgar Yojana (SJSRY).
The scheme aims to provide urban poor with self-employment or wage employment through community structures and skill training.
Banks must submit monthly progress reports and half-yearly recovery statements in the prescribed formats to state and central authorities.
How it plays out — a real example
Rahul, a credit & lending officer in Indore, ensures that he follows the updated guidelines for lending and reporting under SJSRY. He provides self-employment opportunities to urban poor through community structures and skill training, and submits regular reports to the state and central authorities as per the prescribed formats.
What changed
RBI issued a new master circular (RBI/2013-14/84) dated July 1, 2013, replacing the previous one from July 2, 2012. It incorporates all instructions and guidelines issued up to June 30, 2013, ensuring banks have the latest consolidated reference for SJSRY implementation.
What it means for you
Banks must align their urban poverty alleviation lending with the updated SJSRY framework, which emphasizes self-employment ventures, skill training, and community empowerment. The circular standardizes procedures for loan disbursement, recovery reporting, and monitoring, reducing ambiguity for lenders. It reinforces the role of banks in supporting urban poor through structured self-help groups and micro-enterprises.
What you must do
Review and implement the updated SJSRY master circular for all urban poverty lending operations.
Ensure loan officers are trained on the revised guidelines, including USEP, UWSP, and STEP-UP components.
Submit monthly progress reports and half-yearly recovery statements in the prescribed formats to state and central authorities.
Collaborate with urban local bodies to identify eligible beneficiaries through community structures like NHGs and CDS.
Who it affects
All scheduled commercial banks (excluding RRBs), Urban branches handling SJSRY loans, Bank credit and recovery departments, State-level poverty alleviation cells
❓ Common questions
What is the key objective of SJSRY as per this circular?
The scheme aims to provide gainful employment to urban unemployed or underemployed poor through self-employment ventures or wage employment, supported by skill training and community structures.
Which banks are covered under this master circular?
All scheduled commercial banks are covered, excluding Regional Rural Banks (RRBs).
What reporting formats are prescribed for banks?
Banks must use formats for cumulative progress under USEP, half-yearly recovery position, and monthly progress reports to state and Ministry of HUPA, as detailed in the circular's annexures.
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/84
RPCD CO GSSD.BC.No.01/09.16.01/2013-14
July 01, 2013
The Chairman / Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
Master Circular-Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
Please refer to the Master Circular RPCD CO GSSD BC No.01/09.16.01/ 2012-13 dated July 02, 2012 consolidating the instructions/ guidelines/ directions issued to the banks till June 30, 2012, with regard to the Swarna Jayanti Shahari Rozgar Yojana (SJSRY). The Master Circular has been suitably updated by incorporating instructions issued up to June 30, 2013 and has also been placed on the RBI web-site ( www.rbi.org.in ). A copy of the Master Circular is enclosed.
Yours faithfully,
(Madhavi Sharma)
Chief General Manager
Encls: As Above
Master Circular -Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
1
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/84 · issued 01 Jul 2013. The plain-English explanation above is BankPulse’s own independent summary.
Review and implement the updated SJSRY master circular for all urban poverty lending operations.
📜 Compliance
Ensure loan officers are trained on the revised guidelines, including USEP, UWSP, and STEP-UP components.
Submit monthly progress reports and half-yearly recovery statements in the prescribed formats to state and central authorities.
Collaborate with urban local bodies to identify eligible beneficiaries through community structures like NHGs and CDS.
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 Operations officer at a bank this circular applies to (All scheduled commercial banks (excluding RRBs), Urban branches handling SJSRY loans, Bank credit and recovery departments, State-level poverty alleviation cells), your first concrete step on “Master Circular: Swarna Jayanti Shahari Rozgar Yojana (SJSRY) 2013” is: “Review and implement the updated SJSRY master circular for all urban poverty lending operations.” (RBI issued this 01 Jul 2013).
Action required: Review and implement the updated SJSRY master circular for all urban poverty lending operations.
Action required: Ensure loan officers are trained on the revised guidelines, including USEP, UWSP, and STEP-UP components.
Action required: Submit monthly progress reports and half-yearly recovery statements in the prescribed formats to state and central authorities.
Action required: Collaborate with urban local bodies to identify eligible beneficiaries through community structures like NHGs and CDS.
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
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=8190&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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