RBI/2004-05/ 401
RPCD.PLNFS.BC.No. 88/09.04.01/ 2004 –2005
March 22, 2005
The Chairman / Managing Director
All Indian Scheduled Commercial Banks (Excluding RRBs)
Dear Sir,
PMRY -Credit Flow to Unorganized Sector
The Steering Committee, in its meeting held
on November 1, 2004 under the Chairmanship of Additional Secretary (FS) has
observed that the average loan disbursed under PMRY has been stagnating at around
Rs. 60,000/- per beneficiary despite enhancement in maximum project cost to
Rs. 2,00,000/- per beneficiary.
It has been decided that the quantum of credit
disbursed under the PMRY scheme could be increased substantially by increasing
the average loan amount per beneficiary.
2. In view of the above, all implementing banks
are requested to make all out efforts to increase the average loan amount per
beneficiary under PMRY from the present amount of around Rs.60, 000/- per beneficiary.
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