Quick answerRBI extends the cut-off date for PMRY loan disbursements under 2004-05 from July 31 to August 31, 2005. Banks must complete all pending disbursements by this new date and ensure 2005-06 sanctions and disbursements are done by March 31, 2006.
What changed
The Ministry of Agriculture & 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 July 31, 2005 to August 31, 2005. This follows the earlier circular dated May 16, 2005.
What it means for you
Banks get an additional month to disburse loans already sanctioned under the 2004-05 PMRY programme, reducing the risk of sanctions lapsing. However, the overall target for 2005-06 remains unchanged, requiring banks to complete both sanction and disbursement activities by March 31, 2006.
What you must do
Complete disbursement of all PMRY loans sanctioned during 2004-05 by August 31, 2005.
Ensure achievement of allocated targets for 2005-06 by completing sanction and disbursement activities by March 31, 2006.
Issue necessary instructions to all regional, controlling offices, and branches regarding the extended deadline.
Acknowledge receipt of this circular to the RBI.
Who it affects
All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches implementing PMRY loans
Regulatory timeline
Decoded by BankPulse2026-06-19 20:16 IST
Superseded by — Master Circular on Prime Minister's Rozgar Yojana (PMRY) - RBI/2005 06/25
Status change: superseded08 Jul 2026, 13:18 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 disbursements under 2004-05?
The cut-off date has been extended from July 31, 2005 to August 31, 2005.
What is the deadline for completing 2005-06 PMRY sanctions and disbursements?
All sanction and disbursement activities for the 2005-06 programme year must be completed by March 31, 2006.
📜 Read the original circular — full text as issued by RBI
RBI/2005-06/88
RPCD.PLNFS.BC.No.25/09.04.01/ 2005 –2006
August 01, 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 2 of our circular RBI
/ 2004-05/469/ RPCD.PLNFS .BC .No. 100 /09.04.01/ 2004 –2005 dated May 16, 2005 .
2. The Ministry of A & RI, Govt. 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 31 July 2005 to 31 August 2005 .
3. All implementing banks are requested to complete disbursement
of loan in all the cases sanctioned by them during 2004-05 by 31.08.2005 as
well as ensure achievement of allocated targets by completing activities of
sanction and disbursement for the year 2005-06 by 31.03.2006.
4. You may issue necessary instructions to your Regional/Controlling
Offices/branches in this regard.
Please acknowledge receipt.
Yours faithfully,
(G.P.Borah)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2005-06/88 · issued 01 Aug 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 the cut-off date for PMRY loan disbursements under 2004-05 from July 31 to August 31, 2005. Banks must complete all pending disbursements by this new date and ensure 2005-06 sanctions and disbursements are done by March 31, 2006.
Q2. Who does this circular apply to?
All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches implementing PMRY loans
Q3. What is the first thing you should do about it?
Complete disbursement of all PMRY loans sanctioned during 2004-05 by August 31, 2005.
Related circulars · Financial Inclusion & Priority Sector
Issue necessary instructions to all regional, controlling offices, and branches regarding the extended deadline.
📜 Compliance
Complete disbursement of all PMRY loans sanctioned during 2004-05 by August 31, 2005.
Ensure achievement of allocated targets for 2005-06 by completing sanction and disbursement activities by March 31, 2006.
Acknowledge receipt of this circular to the RBI.
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 Compliance officer at a bank this circular applies to (All Indian Scheduled Commercial Banks (excluding RRBs), Regional and controlling offices of banks, Bank branches implementing PMRY loans), your first concrete step on “PMRY Loan Disbursement Deadline Extended to August 31, 2005” is: “Complete disbursement of all PMRY loans sanctioned during 2004-05 by August 31, 2005.” (RBI issued this 01 Aug 2005).
Circular: RBI/2005-06/88 -- PMRY Loan Disbursement Deadline Extended to August 31, 2005
Issued: 01 Aug 2005
Action required: Complete disbursement of all PMRY loans sanctioned during 2004-05 by August 31, 2005.
Action required: Ensure achievement of allocated targets for 2005-06 by completing sanction and disbursement activities by March 31, 2006.
Action required: Issue necessary instructions to all regional, controlling offices, and branches regarding the extended deadline.
Action required: Acknowledge receipt of this circular to the RBI.
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, 08:38 IST
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2403&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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