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APSFC okays Rs 421 crore projects

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The Andhra Pradesh State Finance Corporation (APSFC), the fourth largest player in the small and medium enterprises (SMEs) space in the state, has accorded on-the-spot in-principle approvals for 159 projects involving a loan amount of Rs 421 crore.

At various business development campaigns organised at Hyderabad, Visakhapatnam and Tirupati during this month, received proposals from various sectors like tourism-related activities, plastic industries, steel, engineering, paper products, printing, educational institutions, agro-based industries, and textiles. “These proposals are likely to get final sanctions over the next two months,” the corporation said in a press release on Thursday, adding it had already sanctioned loans worth Rs 600 crore in this financial year.

APSFC has opened non-statutory liquidity ratio bonds issue to public on December 21, 2009.

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