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Statutory compliance - Half yearly report for the halfyear ending Sep-17 towards payment of

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Tenders - Sale under Sec.29 of State Financial Corporations act, 1951

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Unaudited half year financial results ended 30.09.2017

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APSFC Slashes interest Rates by 0.50% w.e.f  01.08.2017 

Tender - Sale notice under Sarfaesi act, 2002  

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Tenders - Sale under Sec.29 of State Financial Corporations act, 1951

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Other Branches  

 Branch Name          : Ongole             

Contact Person        : Sri P. Kamalakar Rao

                                   Branch Manager     


                                   37-1-406(4), 1st Lane,


                                   Ongole - 523 001

                                   Prakasam Dist.

                                   Phone: 08592-233029, 99893 34307


email                       : ongole@apsfc.com



Lines of Activities financed in the District:
Automobile Industry-CI Foundaries, Cylinder Liners,Steel furniture, Engineering Components, Cold Storages, Industrial Oxygen, Furfural from Rice Husk, Rice Mills, Stone Crushers, Mineral Water Plants, Hosiery goods, Pet bottles and per-forms, Printing Presses, Solvent Extraction Plants and Refineries, ceramic Industries, Coir mattress, Feed Mixing Plants, (Excavators, Commercial Vehicles, Residential & Commercial Complexes, Nursing Homes, Hotels, Power Project (4M.W. – Bio-Mass Based).
Branch Profile
Branch jurisdiction: Entire District
Statutory Restrictions if any in the District :No statutory restrions in the district.
Unique features / Govt.concessions / if any:
Black Galaxy Granite an unique granite in the world avalible at Chimakurthy.
Prakasam District is the largest producer of tobacco in the country accounting for 60%production.

Some of the line of activities in the district

1.Granite processing
2.Milk processing
3.Nursing Homes
4.Rice Mills


6.Stone Crushers
7.Dall Mills
8.RCC Spun Pipes
10.esign Slates


Branch Performance for the  last 3 years in Key Result Areas  (Rs Lakhs)

Key Areas 2014-15 2015-16 2016-17
Sanctions 4222.63 5347.50 4164.50
Disbursements 2599.77 3663.89 1443.71
Recoveries 4717.43 4351.30 4052.71


Loan Application Forms can be downloaded from "Products & Services" Tab. The cost of Application, Rs.500/- will be collected at the time of submission of Application.

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