For Applicable Interest Rates

Products (Fund Based Activities)

Andhra Pradesh State Financial Corporation (APSFC) extends financial assistance for setting up industrial units in Small & Medium Scale, Service enterprises in the state of Andhra Pradesh. The Corporation extends finance basically through two products the Term Loans and the Working Capital Term Loans.

Term Loan:

The Corporation extends financial assistance up to Rs 500 lakhs per project normally for acquiring fixed assets viz., Land, Building and machinery through Term Loan. In extremely deserving cases the Corporation extends financial assistance up to Rs2000 lakhs . The Corporation is having an understanding  (MOU) with  SIDBI and  Five Leading Nationalised  Commercial Banks and for bigger projects it extends need based finance through consortium finance with MOU Banks and Institutions.  The loan period normally ranges from 5 to 8 years.

MSME - MTL:

The Corporation extends financial assistance for existing units with good working results.  The loan period normally is upto 3 years. The Corporation in consortium with Leading Commercial Banks, with which it is having a MOU, extends higher working capital loans to deserving units.

Services (Non Fund Based Activities)

1) MARKETING OF INSURANCE PRODUCTS (LIFE & NON LIFE)

Life Insurance Products In Collaboration With Life Insurance Corporation Of India General Insurance Products in Collaboration With United India Insurance Company Ltd.

2)FIXED DEPOSITS

Apsfc accepts  Fixed Deposits at Head Office   and all Branch Offices

APSFC launched fixed deposit scheme during the year 2001, with the approval of the Reserve Bank of India.

CUMULATIVE DEPOSITS With a minimum deposit of Rs.20,000/- Interest is paid on maturity NON-CUMULATIVE DEPOSITS With a minimum deposit of Rs.40,000/- Interest is paid Quarterly     ° Fixed deposit will be accepted as collateral security for APSFC loans. ° Premature withdrawal of DEPOSIT is allowed after ONE YEAR. ° Nomination is available. ° Simple procedure. ° Quick and best service. ° Brokerage @ 0.25%

3)Counseling MBA Students in preparation of Project Reports

Counseling services are provided to the students of MBA by helping them in choosing the topics, arranging awareness programme on report writing skills, allotment of resource person for each group of 5 students etc. Large number of students are immensely satisfied with these service. An amount of Rs.2,500/- will be charged towards fee for each student. FOR FURTHER DETAILS, CONTACT NETWORKING CELL AT HEAD OFFICE e-mail: network@apsfc.com

4) Valuation of Assets

The Corporation, leveraging its rich experience, will also provide property valuation service at an affordable fee. Being in the business of financing, APSFC knows the value of assets of all kinds much better than many. We can take up valuation of both tangible and intangible assets to reflect their true and fair value. FOR FURTHER DETAILS, CONTACT NETWORKING CELL AT HEAD OFFICE e-mail: network@apsfc.com

5)Internal Audit Services

APSFC is offering internal audit service to industries and service sector enterprises at an affordable fee. The Corporation, with its pool of highly experienced professionals, is eminently qualified to take up independent, objective and systematic internal audit of small, medium or large enterprises in all sectors. Our team of auditors have the experience, expertise and, above all, the right attitude towards the client’s requirements and the auditing process. FOR FURTHER DETAILS CONTACT NETWORKING CELL AT HEAD OFFICE e-mail: audit@apsfc.com We know we can deliver…….in timely and cost effective way

6)MoUs with other institutions

Strategic Agreements for mutual benefit with other Institutions and Professional Colleges etc. are being handled by Networking Cell of the Corporation with the close co-ordination of our staff members at all levels. The department is arranging interaction with the members of interested industrial associations, prospective women entrepreneurs, promoters of industrial parks, NRI’s etc. at our training hall.

7)Interaction Scheme for Professional Colleges / Institutions

Industry-Academia Interaction is a desirable goal. It is a wonderful partnership with an invaluable purpose. This also helps in enhancing employability while improving perspectives and horizons of the participants. Our organization is eminently suited to play this role. We have been imparting training to practicing managers besides providing guidance and mentoring support to existing and potential entrepreneurs.

To achieve this mission

We provide entrepreneurship educational training and ongoing support to educators. We partner with universities, schools and community-based organizations. We offer EDP support to the youth and prospective entrepreneurs. We help   bridge the gaps in existing curricula.

8) Training

Give a man fish . . . . . . He will eat it                                       Train a man to fish . . . . . .  He will feed his family Training is an article of faith at APSFC . The ISO Manual of the Corporation has adequate emphasis on training as a proactive and continuous activity. Besides training our own staff , we are conducting SIDBI sponsored training programmes for the benifit of officers of other SFC's in the country. We also conduct specially designed training programmes for managers of SME sector, Finance professionals and enterpreneurs.