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Tuesday, Aug 17, 2004

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APSFC okays 54 projects

Our Bureau

HYDERABAD: The Andhra Pradesh State Financial Corporation (APSFC) has given in-principle approval to 54 projects involving financial assistance of Rs 75.19 crore at an entrepreneur awareness campaign organised here on Monday.

During the meet, the APSFC received 107 enquiries for financial assistance to the tune of Rs 57.24 crore.

Sanction letters were given to 14 entrepreneurs on the spot who proposed to set up projects at a cost of Rs 2.08 crore. The meet is part of a State-wide campaign launched by the Corporation to encourage first generation entrepreneurs.

The fledgling entrepreneurs were exposed to the experiences of some `good entrepreneurs' during the meet.

Today's meet was the seventh and the last in the series.

Addressing the gathering, Mr M. Gopalakrishna, Chairman of APSFC, said the Corporation would ensure speedy, customised and integrated service.

More Stories on : Financial Institutions | Entrepreneurship | Andhra Pradesh

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