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23 Annual Report 2022-23
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10. Advance funds from Office of Development Commissioner (Handicrafts),
[DC(HC)], Ministry of Textiles, Government of India

DC (Handicrafts) had placed advance funds of ₹25 lakh with CGTMSE during FY 2016 for meeting the
Guarantee Fee and Annual Service Fee for loans up to ₹2 lakh extended by MLIs to handicraft sector
of North-East Region of India. As on March 31, 2023, CGTMSE had utilized an amount ₹2,00,128/- out
of ₹25 lakh.

11. Performance under different Scheme/bank Category

Credit Guarantee Scheme for PM SVANidhi (CGS-PMS): The scheme was launched during
July 2020. 164 MLIs were registered under the Scheme. Cumulatively, as on March 31, 2023, a
total of 40,57,410 accounts have been accorded guarantee approvals for ₹4,834 crore and during
FY 2022-23, a total of 10,24,594 guarantees were approved for an amount of ₹1,683 crore under the
Scheme. The scheme has been extended from March 2022 to December 2024 along with revision in
Scheme guidelines such as modification in Credit Guarantee cover for 1st, 2nd and 3rd loans.
Credit Guarantee Scheme for Subordinate Debt (CGSSD): During the period, 37 MLIs were
registered under the Scheme. Cumulatively, as on March 31, 2023, a total of 803 accounts have
been accorded guarantee approvals for ₹97 crore and during FY 2022-23, a total of 32 guarantees
were approved for an amount of ₹10 crore under the Scheme. The Scheme was in operation till
March 31, 2023.
Co-operative Bank: The co-operative banks were made eligible for becoming MLIs during the FY
2019-20. Total 37 Co-operative banks are registered under CGS -I, out of which 9 have been registered
during FY 2023. Cumulatively, as on March 31, 2023, a total of 3001 accounts have been accorded
guarantee approvals for ₹802 crore and during FY 2022-23, a total of 836 guarantees were approved
for an amount of ₹248 crore under CGS I.
Regional Rural Bank (RRB): Out of 43 RRBs, 23 are registered under CGS -I, out of which 1 has
been registered during FY 2023. Cumulatively, as on March 31, 2023, a total of 3,42,244 accounts
have been accorded guarantee approvals for ₹5,057 crore and during FY 2022-23, a total of 1,34,249
guarantees were approved for an amount of ₹1,270 crore under CGS I.
Small Finance Bank: Total 10 SFBs are currently registered under CGS -I. Cumulatively, as on March
31, 2023, a total of 2,507 accounts have been accorded guarantee approvals for ₹700 crore and
during FY 2022-23, a total of 750 guarantees were approved for an amount of ₹256 crore under
CGS I.

12. Overall impact of CGS operations

CGTMSE’s operations had a positive impact on the economy in terms of turnover, exports and
employment of credit guaranteed MSEs as given in the Table:

PARTICULARS As on 31 March, 2023 As on 31 March, 2022
st
st
Cumulative Guarantees (since inception of the Trust) approved for all
the Schemes (in Numbers) 1,10,83,693 88,93,281
Guarantee Amount for all the Schemes (₹ Crore) 4,24,597 3,18,122
Estimated turnover of guaranteed units (₹ Crore) 79,38,677 71,99,126
Estimated exports by guaranteed units (₹ Crore) 24,441 24,033
Estimated employment generation (Nos. lakh) 181 155
Number of MLIs for all the Schemes 365 322
Women beneficiary (% to total guarantee nos.) 21 19
NER (%) 3 3

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