APSFC provides loans to SSI against Securities

Vuyyuru, Andhra Pradesh Sep 29 (UNI) Andhra Pradesh State Finance Corporation (APSFC) Deputy Manager K Krishna Rao today said that loans were being provided to various Small Scale Industries (SSI) only against securities like house sites and and fixed deposits.

Speaking at a function organised in connection with Bharat Nirman Public Information Campaign (PIC) here, Mr Rao said Rs 20 lakh as loan, would be extended to the entrepreneurs under Vijayawada branch jurisdiction.

SSI Assistant Director Ramamohan Rao said efforts were on to make youth take up self-employment by creating awareness about small-scale units.

Dr Rao said a flourish of creativity, which enchances the value of products would give better returns, he added.

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