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HYDERABAD: The Andhra Pradesh State Financial Corporation (APSFC) has given on the spot in-principle approval to 60 projects involving a financial assistance of Rs 149.64 crore on the first day of the month-long `Entrepreneurs Awareness Programme and Business Development Campaign' that started here on Friday.

In a press release, the Corporation said sanction letters were also issued on the spot to 13 entrepreneurs involving financial assistance to the tune of Rs 2.24 crore. During the programme, APSFC also received 88 enquiries for financial assistance of Rs 38.52 crore.

The APSFC Entrepreneurs programme is being conducted throughout the State at nine centres. The programme on Friday here covered the districts of Medak, Nalgonda, Mahaboobnagar, Rangareddy and Hyderabad, the release said.

According to APSFC, the focus of the programme was to appraise and inform the existing and prospective/potential entrepreneurs about the simplified systems and procedures and to provide on the spot in-principle sanctions for the viable proposals.

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