RBI Withdraws 46 Old Circulars on Govt Sponsored Schemes
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2022-23/49 · issued 13 May 2022 · ~2 min read
Quick answerRBI has withdrawn 46 outdated circulars on government-sponsored schemes like SJSRY, SGSY, IRDP, and DRI, effective May 13, 2022. Banks no longer need to follow these legacy instructions, simplifying compliance for priority sector lending.
What changed
RBI withdrew 46 circulars related to government-sponsored schemes, including SJSRY, SGSY, IRDP, and DRI, effective from close of business on May 13, 2022. These circulars, dating back to 1986-2000, covered implementation, reporting, collateral, and recovery aspects. The withdrawal is part of the Regulations Review Authority (RRA 2.0) recommendations to remove redundant instructions.
What it means for you
Banks can now discard old compliance requirements for these schemes, reducing operational burden and freeing up resources. This cleanup aligns with RRA 2.0's goal to streamline regulations, but banks must ensure current lending practices are governed by updated master directions. No new obligations are introduced; it's purely a removal of outdated circulars.
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
Update internal compliance checklists to remove references to the 30 withdrawn circulars.
Brief priority lending and rural banking teams on the withdrawal to avoid unnecessary adherence to old rules.
Verify that current lending under government schemes follows the latest RBI master directions, not these circulars.
Archive the withdrawn circulars from active reference materials and training modules.
Who it affects
Scheduled Commercial Banks, Small Finance Banks, Local Area Banks, Priority sector lending teams, Rural and urban poverty alleviation scheme handlers
❓ Common questions
Regulatory timeline
Stated effective dateeffective May 13, 2022
Decoded by BankPulse2026-06-18 06:10 IST
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).
Which specific schemes are affected by this circular withdrawal?
The withdrawn circulars cover Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Swarnjayanti Gram Swarozgar Yojana (SGSY), Integrated Rural Development Programme (IRDP), Differential Rate of Interest (DRI) Scheme, and others like PMI UPEP and SUME.
Do I need to stop lending under these schemes now?
No, the withdrawal only removes old procedural circulars. Lending under these schemes should continue as per current government guidelines and RBI's latest master directions on priority sector lending.
Is there any new compliance requirement from this notification?
No new requirements are introduced. This notification solely withdraws 30 outdated circulars to simplify regulations, as part of RRA 2.0.
📜 Read the original circular — full text as issued by RBI
RBI/2022-23/49
FIDD.CO.Plan.BC.No.4/04.09.001/2022-23
May 13, 2022
All Scheduled Commercial Banks
All Small Finance Banks
All Local Area Banks
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Recommendations for Withdrawal of Circulars
Please refer to the Press Release dated May 13, 2022 , issued on the captioned subject.
2. The circulars listed in the Annexure are withdrawn with effect from close of business today.
Yours faithfully,
(Sonali Sen Gupta)
Chief General Manager-in- Charge
Encl: As above
Annexure
List of Circulars withdrawn
Sr. No.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-23/49 · issued 13 May 2022. 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=12316&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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