APSFC sanctions Rs 175.45 cr for 75 projects

Hyderabad, Jul 1 (UNI) The Andhra Pradesh State Financial Corporation (APSFC) has approved 75 projects at an outlay of Rs 175.45 crore in five industrially backward districts, today.

According to a release, during the interactive programme with enterpreneurs from Kurnool, Mahabubnagar, Nizambad, Adilabad and Nalgonda districts, the APSFC received 78 proposals for projects worth Rs 190.43 crore from them.

"Sanction letters" were also issued to 12 entrepreneurs for financial assistance of Rs 2.40 crore, at the venue itself," the release added.

The corporation had been conducting a series of interactive programmes with entrepreneurs since June last year and so far accorded financial assistance of Rs 535.08 crore to 200 projects.

The final programme of the series will be held at Hanumakonda on July three covering the districts of Warangal and Karimnagar, it added.

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