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.
