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newsandevents
 

 

Business Development Campaigns to outreach the entrepreneurs.  For details click here

APSFC unaudited finacial results as on 31.03.2017

click here

APSFC Slashes interest Rates by 0.50% w.e.f  01.02.2017

Modernized office building at Visakhapatnam 

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

For details click here

Tender - Sale notice under Sarfaesi act, 2002  

For details click here

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

For details click here 

APSFC Slashes interest Rates by 0.50%

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

For details click here

  

 

 

 
 
Profile

 

Andhra Pradesh State Financial Corporation [APSFC] is a term lending Institution established in 1956 for promoting small and medium scale industries in Andhra Pradesh under the provisions of the Sate Financial Corporations Act, 1951.The corporation came into existence on 1-11-1956 by merger of Andhra State Financial Corporation and Hyderabad State Financial Corporation. The corporation has launched many entrepreneur-friendly schemes to provide term loans, working capital term loans, special and seed capital assistance to suit the needs of various categories of entrepreneurs. The Corporation has completed six decades of dedicated service in industrial financing of tiny, small and medium scale sector units and contributing to the balanced regional development of the state.

 
Milestone achievements of APSFC :
 
  • So far sanctioned Rs.17,205 crores for 98,639 units in Andhra Pradesh as on 31/03/2016
  • Disbursed Rs.11,837 crores to 79,307 units - 65% to Tiny/SSI sector as on 31/03/2016
  • Recovered Rs.13,901 crores including interest since inception till 31/03/2016
  • Established unblemished repayment track record since inception
  • Has consistent record of earning operating profit throughout its history
  • Generated direct and indirect employment to about 11.70 lakh persons
  • Channelled a significant share of assistance of around 70% to tiny and small scale industries
  • Enjoying 60% of the market share in term lending in promoting First Generation Entrepreneurs in Andhra Pradesh
 
Objective  
 
  • To industrialise the State through balanced regional development and dispersal of industries
  • To support promotion and development of tiny, small and medium scale industries and service sector units by extending need based credit to them.
  • Nurtures entrepreneurship and encourages first generation entrepreneurs
  • To act as a catalyst for generation of employment
 

 

 
 

 

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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