The Hindu Business Line : APSFC gives in-principle nod for 50 projects

Hyderabad, July 4 The Andhra Pradesh State Financial Corporation (APSFC) has accorded in-principle approval for 50 proposals at a business development campaign for the districts of Hyderabad, Mahabubnagar, Nalgonda and Kurnool held recently.

The total financial assistance provided for the proposals amounts to Rs 297 crore. A release from APSFC said that the proposals received are mostly from the food and agro, drugs and pharmaceuticals, engineering, mineral-based and construction activity sectors.

The release added that the corporation would be organising the last development campaign of this series at Karimnagar on Saturday for the districts of Karimnagar, Warangal and Adilabad. The corporation had earlier organised five such campaigns where in-principle approval was accorded to 315 projects involving a loan amount of Rs 1,065 crore.

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