Andhra Pradesh State Finance Corporation (APSFC) is anticipating a net profit of Rs 10 crore for the current financial year, as compared to Rs 2.36 crore in 2002-03.
Last fiscal, it disbursed Rs 300 crore loans and made a recovery of Rs 409 crore. M Gopalakrishna, the chairman of APSFC, told press persons here today that the state government had agreed to give Rs 6 crore as equity in this fiscal after a gap of nine years.
For the current year, the corporation has targeted a recovery of Rs 471 crore and disbursement of Rs 312 crore, he said.
