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23 Annual Report 2022-23
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Message from Chairman

In the coming years, CGTMSE would
continue to strive relentlessly to bring
about a transformation in the bank’s
lending to MSE sector by providing
overwhelming support and incorporating
confidence building measures in its
operations to make collateral–free
lending to MSEs, the most preferred
option.
I would like to express my deepest
gratitude to our dedicated team and our
member lending institutions for their hard
work and commitment. Their unwavering
dedication to our mission has been the
cornerstone of our success.
our future and drive us towards a more I also place on record my gratitude to
Dear Stakeholders, vibrant and sustainable world. It is Board Members, the Ministry of MSME,
therefore projected that the MSME sector Govt. of India, the Reserve Bank of India,
I am pleased to unveil our performance to be worth `1 trillion by 2028. This Indian Banks’ Association and the Small
for the financial year 2022-23 through optimism is supported by Government of Industries Development Bank of India
this Annual Report. The year has been India through infusion of `9,000 crore to for their valuable, timely and continuous
a testament to our commitment to the corpus of revamped credit guarantee support in the CGTMSE’s endeavour to
empower micro and small enterprise scheme. This would enable additional create an enabling environment for the
sector of our country and I am glad to collateral-free guaranteed credit of MSE sector. Together, we have navigated
report on the progress we have made. through the challenges and triumphed
`2 lakh crore in next 3 years. over adversity, ensuring that CGTMSE
The fiscal year 2023 had been a year I am delighted to report that during remains a strong and reliable support
of consolidation as the economies the fiscal year, CGTMSE extended its system for micro and small enterprises.
devastated by COVID 19 tried to reach and support to broad spectrum
bring themselves back on track. I extend a warm invitation to our future
Notwithstanding that the Indian of entrepreneurs. FY 2023 witnessed associates and stakeholders to join
Economy also faced uncertainties on outstanding performance with 11,65,786 us in our journey to make a brighter
account of supply chain disruption owing number of guarantees worth `1,04,781 tomorrow and support the sustainable
to Russia Ukraine war, rising prices etc. crore approved for the first time since development of our country.
CGTMSE remained resolute in its mission inception. Looking ahead, we are filled with
to support and facilitate the growth of Our commitment to innovation and optimism and determination. The
our nation’s entrepreneurial spirit. We excellence has been unwavering. We challenges may be ever-present, but so
continued to stand as a pillar of strength have continued to refine our processes, is our resolve. In the coming year, we will
for small & micro businesses, offering enhance our technological infrastructure redouble our efforts to better serve the
financial security and enabling them to and collaborated with various State needs of the micro and small enterprises
reach new heights. Governments to ensure efficiency in sector. We will seek new avenues to
Micro and Small Enterprises (MSEs) are delivery of our services. As a result, we foster entrepreneurship and financial
the unsung heroes of our economy. have been able to provide even more inclusion and continue our role as a
They are engines of innovation and accessible and streamlined credit catalyst for economic growth.
entrepreneurship and therefore, are the guarantee solutions. We have also been Empowering Entrepreneurs Every Step
lifeblood of any thriving economy. As proactive in participating in events of the Way.
we acknowledge their crucial role, let organized by various international
us remember that these small & micro organizations, solidifying our position Shri Sivasubramanian Ramann
enterprises hold the power to shape as a credit guarantee institution on the IA&AS, Chairman (Ex-Officio)
global stage.

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