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OVERVIEW FINANCIAL STATEMENTS
4. Operations under all Guarantee Schemes
During FY 2022-23, under CGS – I a total of 10,50,313 guarantees were approved for an amount of
₹85,522 crore as compared to approval of 5,30,808 guarantees for ₹42,463 crore in the previous
year. It may be seen that while the number of guarantees approved increased by about 98%, the
amount of approved guarantee has more than doubled during the FY. Cumulatively, as on March 31,
2023, a total of 60,20,176 accounts have been accorded guarantee approvals for ₹3,55,197 crore.
Total number of applications guaranteed under CGS–II during FY 2023 was 1,15,473 for an amount
of ₹19,260 crore. It may be seen that the amount of approved guarantee has increased by 40% as
compared to last year. Cumulatively, as on March 31, 2023, a total of 10,05,304 accounts have been
accorded guarantee approvals for ₹64,468 crore under CGS-II.
During FY 2022-23 guarantee coverage for 32 applications have been approved for an amount of
₹9.55 crore under CGSSD. The scheme was in operation till March 31, 2023.
During FY 2022-23, a guarantee for 10,24,594 applications have been covered under PM SVANidhi
for an amount of ₹1,683 crore.
The year was watershed year for the Trust as it approved guarantee of more than ₹1 lakh crore for the
first time since its inception. The Trust approved guarantee of ₹1,04,781 crore during the year.
During FY 2022-23, for all the Schemes, a total of 21,90,412 guarantees were approved for an amount
of ₹1,06,474 crore. Cumulatively, as on March 31, 2023, a total of 1,10,83,693 accounts have been
accorded guarantee approvals for ₹4,24,596 crore by CGTMSE under all the guarantee schemes.
5. MLI-wise Coverage
During the period FY 2023, 10,50,313 number of guarantees were approved for ₹85,522 crore under
CGS– I and the top 10 Banks in terms of amount covered under CGS-I is given below.
% age of Guarantee amount
Sr. MLI NAME No. of Amount of Guarantees to total guarantee amount
No. Guarantees Approved (in ` Crore)
approved under CGS-I
1 HDFC BANK LIMITED 28,817 15,914.27 19%
2 UNION BANK OF INDIA 2,87,716 8,991.88 11%
3 PUNJAB NATIONAL BANK 1,77,182 8,809.03 10%
4 AXIS BANK LIMITED 16,720 7,777.09 9%
5 STATE BANK OF INDIA 40,860 7,676.41 9%
6 BANK OF BARODA 1,19,017 6,995.69 8%
7 CANARA BANK 37,166 6,082.15 7%
8 CENTRAL BANK OF INDIA 26,370 4,147.22 5%
9 BANK OF INDIA 27,397 3,541.21 4%
10 INDIAN BANK 50,892 2,493.25 3%
TOTAL 8,12,137 72,428.18 85%
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