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OVERVIEW FINANCIAL STATEMENTS

8. Average size of loans covered

The overall average size of loans covered under the scheme during FY 2023 was ₹8.99 Lakh.

9. Claim Settlement & Closure

During FY 2022-23, 1,02,278 number of claims were settled for an amount of ₹1,910 crore. Claims in
respect of 65,838 units were settled for an amount of ₹1,296 crore towards first instalment of claim
under CGS I and for 32,109 units for an amount of ₹517 crore under CGS II during the year. Further,
4,331 claims for an amount of ₹97 crore were settled towards 2nd / final installment of claim during
the year.

It is again worthwhile to mention that the Trust settled highest amount of claims in year since its
inception.

Cumulatively till March 31, 2023, CGTMSE has so far settled 4,61,184 number of claims amounting
to ₹10,325 crore.

Post claim settlement recoveries

During FY 2022-23, the Trust received ₹328 crore as recoveries from the MLIs after settlement of
first claim as against ₹166 crore received during FY 2021-22. The receipt of recovery is mainly on
account of post claim settlement monitoring mechanism.

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