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Monday, Feb 28, 2005

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NSFDC concern over low recovery rate in AP

Our Bureau

HYDERABAD: The National Scheduled Castes Finance and Development Corporation (NSFDC) has expressed concern over the poor recovery rate in the State. While the national average was at 70 per cent, Andhra Pradesh recorded 46 per cent, Dr Amithab Rajan, Chairman-cum-Managing Director of NSFDC, said.

Addressing the Executive Development Programme organised by AP State SC Finance Corporation here on Saturday, he said the Corporation would release Rs 200 crore in the next financial year to fund different schemes.

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