APSFC okays Rs 421 crore projects
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, APSFC received proposals from various sectors like tourism-related activities, plastic industries, steel, engineering, paper products, printing, educational institutions, agro-based industries, hospitals 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.