Opening of Advacne Account "Allied activities to Agriculture" under Pradhan Mantri Mudra Yojana - PMMY

All publ ic sector banks including our bank are give lots of target to canvas the Advances under PMMY.
With respect to this our bank has given a circular to Coverage of Allied Activities to Agriculture under PMMY. (Reference : Circular no. BCC/BR:108/469 dated 04/10/2016)

Many branches are quiring regarding the matter, Thus bank has give another circular which give the below information to our credit officers.

Clarification 01 :

Regaring opening new Account, Branches have to open the account as usual with its respective scheme code but just need to do one change

• Put unique code 300 in Ledger number field in General Account Details

Clarification 02:

All the existing accounts opened after 01/4/2016, which are under Allied Activities to Agriculure and are satisfing the guideline of PMMY can be reported under PMMY. For this purpose we need to do below step.

• Do ACM for the purticular account and Put unique code 300 in Ledger number field in General Account Details
• Do ACM -> Function M->Option 0 (Zero)->put code 300->F4->F10

Reference : Circular no . BCC:BR:108/490 Dated 17/10/2016