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Implementation of PMRY - Targets for achievement 2004-2005

RBI/2004/156

RPCD.PLNFS.BC. 75 /09.04.01/2003-04

April 19, 2004

The Chairman/Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)

Dear Sir,

Implementation of PMRY - Targets for achievement 2004-2005

We advise that Government of India have set a target of 2,89,100, self-employment ventures for the country as a whole under PMRY for the year 2004-2005. The State/Union territory-wise physical targets are indicated in the Annexure 'A'. In order to prevent bunching of cases at the end of the year, banks should aim at achieving quarterly progress of sponsoring of applications/sanctioning and disbursement of loans as per schedule prescribed in the Annexure 'B'. Sponsoring shall be limited to 125% of targets and completed by December end. Thereafter, States/UTs may only replace rejections received from banks.

2. We further advise that :-

  1. The scheme will be implemented in the rural as well as in the urban areas of the country.
  2. All efforts should be made to achieve the target by the end of the year 2004-2005.
  3. While processing fresh applications you may instruct the DICs of your States/UTs to take into account already pending applications with them so that the people need not apply afresh.
  4. The Scheme envisages 22.5% reservation for SC/STs and 27% reservation for Other Backward Classes (OBCs). A fair and adequate share may be ensured for women and minorities.
  5. The State should continue to make efforts to improve loan recovery under the Scheme.
  6. Quarterly Progress of sponsoring, sanctioning and disbursement should be aimed at to prevent bunching of applications at the end of the year. Sponsoring shall be limited to 125% of target and completed till December end. Thereafter States/UTs may only replace rejections received from banks. A schedule is prescribed at Annexure - 'C'.
  7. The implementing agencies would try to sponsor/sanction more and more applications under the Industry Sector in view of higher employment potential in this sector.

3. Other terms and conditions of the scheme will remain the same as during the year 2003-2004 subject to instructions from time to time.

4. Please issue necessary instructions to your Regional/Controlling Offices/ Branches for active participation and achievement of allocated targets by 31.03.2005.

5. Please acknowledge receipt.

Yours faithfully,

 

( G.P. Borah )
Deputy General Manager

Encl : 2

 


 

Annexure - A

Target (provisional) under the prime minister's Rozgar

Yojana (PMRY) for the year 2004-2005

Sr. No.

States/Uts

Target (Nos.)

1.

Andhra Pradesh

33250

2.

Assam

6700

3.

Arunachal Pradesh

200

4.

Bihar

14000

5.

Delhi

4600

6.

Goa

400

7.

Gujarat

8700

9.

Himachal Pradesh

3200

10.

Jammu & Kashmir

3000

11.

Karnataka

15750

12.

Kerala

21900

13.

Madhya Pradesh

12000

14.

Maharashtra

22800

15.

Manipur

1200

16.

Meghalaya

400

17.

Mizoram

200

18.

Nagaland

300

19.

Orissa

6500

20.

Punjab

9000

21.

Rajasthan

16000

22.

Tamil Nadu

18200

23.

Tripura

1600

24.

Uttar Pradesh

46000

25.

West Bengal

20000

26.

Andaman & Nicobar

100

27.

Chandigarh

200

28.

Daman & Diu

50

29.

Dadra & Nagar Haveli

50

30.

Lakshadweep

50

31.

Pondicherry

650

32.

Sikkim

100

33.

Uttaranchal

2000

34.

Jharkhand

5500

35.

Chattisgarh

5500

 

Total

289100

 

 


Annexure - B

Quarter

Sponsoring

Sanctions

Disbursement

1st

25%

10%

--

2nd

100%

50%

15%

3rd

125% *

80%

50%

4th

--

100%

80%

1st (Succeeding Year)

--

--

100%

* After 31.12.2004 only the cases rejected by banks may be replaced.


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