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Hi I would like to have information about Andhra Pradesh State Financial Corporation (APSFC) as well as its objectives and also the milestones achieved by APSFC?
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Andhra Pradesh State Financial Corporation [APSFC] is a term loaning Institution built up in 1956 for advancing little and medium scale ventures in Andhra Pradesh under the arrangements of the Sate Financial Corporations Act, 1951.The company appeared on 1-11-1956 by merger of Andhra State Financial Corporation and Hyderabad State Financial Corporation. The company has propelled numerous business person neighborly plans to give term credits, working capital term advances, exceptional and seed capital help to suit the necessities of different classes of business visionaries. The Corporation has finished six many years of die hard loyalty in mechanical financing of minor, little and medium scale division units and adding to the adjusted provincial improvement of the state. Objectives To industrialize the State through adjusted local improvement and dispersal of businesses To help advancement and improvement of little, little and medium scale businesses and administration segment units by stretching out need based credit to them. Sustains business and energizes original business visionaries To go about as an impetus for era of business Accomplishments of APSFC : So far authorized Rs.18,204.96 crores for 99,469 units in Andhra Pradesh and Telangana as on 31/03/2017 Dispensed Rs.12,565.57 crores to 80,053 units - 65% to Tiny/SSI segment as on 31/03/2017 Recuperated Rs.15,076.46 crores including enthusiasm since origin till 31/03/2017 Built up unblemished reimbursement track record since origin Has steady record of acquiring working benefit all through its history Produced immediate and aberrant work to around 12.70 lakh people Diverted a critical offer of help of around 70% to minor and little scale enterprises Getting a charge out of 60% of the piece of the pie in term loaning in advancing First Generation Entrepreneurs in Andhra Pradesh Corporate Governance WVR Murthy, IAS Managing Director md@apsfc.com Jayesh Ranjan, IAS Joint Managing Director jmd@apsfc.com Board of Directors Shamsher Singh Rawat IAS Secy. to Govt. & CIP Industries & Commerce Dept. Gov. of AP Kartikeya Misra IAS Director of Industries & Sugar Govt. Of AP G.Sampath Kumar GM, SIDBI, Hyderabad Deepak Kumar, DGM, SIDBI, Mumbai G.Babu Rao Sr. Divisional Manager, LIC of India Koteswara Rao SSR Chartered Accountant K. Harish Chandra Prasad Industrialist Executive Director E. Chengalrayulu Chief General Manager N. Prasada Rao General Managers K.S. Rao R. Prabhakar Goud Deputy General Managers D.Suresam K.Haribabu G. Venkateswara Rao P. Seshadri Sekhar K.M.K.Prasad Y.N. Rajendra Kumar Rathod Ramsingh Corporate Office: Andhra Pradesh State Financial Corporation 5-9-194, PB No:165 Chirag Ali Lane, Hyderabad - 500001. Tel. Ph No: + 91 40 23201646, 23202550 Mob: + 91 98665 12503 / 502 / 501 Fax:040-23202972 Mail: ho@apsfc.com
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