Quick answerRBI extends PMRY loan sanction and disbursement cut-off for 2004-05 cases from June 30 to July 31, 2005, giving banks one more month to complete pending disbursements under the programme.
What changed
The Ministry of Agro and Rural Industries extended the cut-off date for lapsing of sanctions and completion of disbursement for PMRY loans sanctioned during 2004-05 by one month, from June 30, 2005 to July 31, 2005. This supersedes the earlier deadline set in the May 4, 2005 circular.
What it means for you
Banks now have additional time to disburse loans already sanctioned under PMRY for 2004-05 without those sanctions lapsing. This reduces pressure on branch staff to meet the earlier June 30 deadline and helps avoid re-sanctioning delays for borrowers.
What you must do
Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
Communicate the extension to all regional/controlling offices and branches handling PMRY loans.
Ensure pending disbursements are completed before the revised deadline to avoid lapse of sanctions.
Acknowledge receipt of this circular to RBI as instructed.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches handling PMRY loans, PMRY loan borrowers under 2004-05 programme year
Regulatory timeline
Decoded by BankPulse2026-06-19 20:48 IST
Superseded by — Master Circular on Prime Minister's Rozgar Yojana (PMRY) - RBI/2005-06/25
Status change: superseded08 Jul 2026, 13:16 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the new cut-off date for PMRY loan sanctions under 2004-05?
The cut-off date has been extended from June 30, 2005 to July 31, 2005 for both lapsing of sanctions and completion of disbursement.
Which banks are covered by this circular?
All Indian Scheduled Commercial Banks, excluding Regional Rural Banks (RRBs), are required to implement this extension.
Do we need to acknowledge receipt of this circular?
Yes, the circular explicitly asks banks to acknowledge receipt to the RBI.
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/469
RPCD.PLNFS.BC.No. 100 /09.04.01/ 2004 –2005
May 16, 2005
The Chairman / Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
PMRY - Cut-Off date for lapsing of sanctions
and completion of disbursement of loans in the cases sanctioned during 2004-05
Please refer to para 1(iii) of our circular
RPCD.PLNFS.BC.No.97/09.04.01/2004
– 2005 dated May 04, 2005 .
2. The Ministry of Agro and Rural Industries,
Government of India has since decided to extend the cut-off date for lapsing
of sanction and completion of disbursement for the cases sanctioned under the
Programme Year 2004-05 by a further period of one month, i.e., from 30 June
2005 to 31 July 2005.
3. You may issue necessary instructions to your Regional /Controlling
Offices/ Branches in this regard.
4. Please acknowledge receipt.
Yours faithfully,
(G.P.Borah)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/469 · issued 16 May 2005. The plain-English explanation above is BankPulse’s own independent summary.
Test yourself
Quick self-check built only from the facts already on this page — tap a question to reveal the answer.
Q1. In one line, what does this circular do?
RBI extends PMRY loan sanction and disbursement cut-off for 2004-05 cases from June 30 to July 31, 2005, giving banks one more month to complete pending disbursements under the programme.
Q2. Who does this circular apply to?
All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches handling PMRY loans, PMRY loan borrowers under 2004-05 programme year
Q3. What is the first thing you should do about it?
Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
Related circulars · Financial Inclusion & Priority Sector
Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
Communicate the extension to all regional/controlling offices and branches handling PMRY loans.
💻 IT / Systems
Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
📜 Compliance
Ensure pending disbursements are completed before the revised deadline to avoid lapse of sanctions.
Acknowledge receipt of this circular to RBI as instructed.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Branch Manager at a bank this circular applies to (All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches handling PMRY loans, PMRY loan borrowers under 2004-05 programme year), your first concrete step on “PMRY Loan Sanction Lapse Date Extended to July 31, 2005” is: “Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.” (RBI issued this 16 May 2005).
Circular: RBI/2004-05/469 -- PMRY Loan Sanction Lapse Date Extended to July 31, 2005
Issued: 16 May 2005
Action required: Update internal systems and branch instructions to reflect the new cut-off date of July 31, 2005 for PMRY 2004-05 sanctions.
Action required: Communicate the extension to all regional/controlling offices and branches handling PMRY loans.
Action required: Ensure pending disbursements are completed before the revised deadline to avoid lapse of sanctions.
Action required: Acknowledge receipt of this circular to RBI as instructed.
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.
AI-drafted · 1-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 21 Jun 2026, 09:18 IST
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2255&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
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