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 five 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 11,134 crores for 92,689 units in Andhra Pradesh as on 31/03/2011

Disbursed 7,634 crores to 72,297 units - 70% to Tiny/SSI sector as on 31/03/2011

Recovered Rs 8,382 crores including interest since inception till 31/03/2011

Established unblemished repayment track record since inception

Has consistent record of earning operating profit throughout its history

Created total Investment of around 23,656 crores

Generated direct and indirect employment to about 11 lakh persons

Channelled a significant share of assistance of around 70% to tiny and small scale industries

Industrialised backward areas by extending 50% of its assistance to industries coming

up in notified backward areas.

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

OFFICE ACCOMMODATION AVAILABLE FOR LEASE AT FINANCIAL DISTRICT