APSFC accords approval for 50 proposals

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Hyderabad, Jul 3 (UNI) The Andhra Pradesh State Financial Corporation (APSFC) has accorded in principle approval for 50 proposals, involving financial assistance to the tune of Rs 297 crore.

The Corporation, which had been organising Business Development Campaigns at various centres in the state, had organised a campaign in the capital city on July one for Hyderabad and Mahabubnagar Districts and on July three for Nalgonda and Kurnool Districts.

The proposals received were mostly from sectors of food and agro, drugs and pharmaceuticals, engineering, mineral-based and construction activity, a press release said here.

This assistance was in addition to the earlier approval of 315 projects, costing Rs 1,065 crore.

The Corporation would organise the last campaign of the series at Karimnagar on July five for the Karimnagar, Warangal and Adilabad Districts.

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