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STATE FINANCIAL CORPORATIONS
OFFERING SPECIALISED SSI SCHEMES
Andhra Pradesh State Financial
Corporation (APSFC)
Andhra Pradesh State Financial
Corporation (APSFC) is a term lending Institution
established in 1956 for promoting small and medium
scale industries in Andhra Pradesh under the provisions
of the Sate FInancial Corporation' Act,1951.The
corporation has many entrepreneur - friendly schemes
to provide term loans,working capital term loans,special
and seed capital assistance to suit the needs
of various categories of entrepreneurs.The Corporation
has 45 years of expertise in industrial financing
engaged in the business of financing tiny,small
and medium scale sector units and thriving for
balanced reginal development of the state.
Contact Information
Andhra
Pradesh State Financial Corporation
5-9-194, PB No:165
Chirag Ali Lane,
Hyderabad - 500001.
Tel. Ph No: + 91 40 23201646, 23202550
Mob: + 91 98665 12503 / 502 / 501
Grams: AFINCORP
Fax:040-23202972
Mail: ho@apsfc.com
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Arunachal Pradesh Industrial
Development and Financial Corporation (APIDFC)
Arunachal Pradesh Industrial
Development and Financial Corporation (APIDFC)
was incorporated in the year 1978 as company under
Companies Act, 1956 for promotion of industries
in Arunachal Pradesh. It is performing the twin
role of State Industrial Development Corporation
and State Financial Corporation.
Activities
- Arunachal
Pradesh Industrial Development and Financial
Corporation (APIDFC) besides providing financial
assistance, carries out the following promotional
and development activities :
- Development
Of Infrastructure Facilities: One of the
main objectives of setting up of APIDFC
is to develop Infrastructure facilities
for promotion of industrial development
in Arunachal Pradesh. APIDFC, however, does
not take up the activities due to fact that
the Department of Industries is handling
all infrastructuredevelopment activities
like establishment of industrial estate/growth
centre, export promotion industrial park
and integrated infrastructure development
centres. The State Govt., has been requested
to hand over all such activities to APIDFC
as being done by such other SIDCs.
- Industrial Promotion: Despite
being rich in natural resources and even offer
of invitation for various development programs
in the State during the five year plans, the
level of economic development in Arunachal Pradesh
continues to be very low compared with that
of the other states and the country too. The
industrial development in the State is poor
due to :
- Lack
of basic infrastructure in the form
of food, communication, transportation
and power.
- Lack
of entrepreneurship and skill among
the indigenous population.
- Absence
of marketing infrastructure.
-
Lack of inflow of investible funds from
outside the state.
- Extending Financial Assistance
To The Prospective Entrepreneurs: The State
government has appointed APIDFC as channelising
agency to implement the various schemes of assistance
of Arunachal Scheduled Tribes Finance &
Development Corporation Ltd., a Govt. of India
undertaking a apex financial body, facilitating
and promoting the economic development and activities
of the state.
Inspite of
all the inherent bottlenecks and constraints
for industrial development in the State, APIDFC
promoted a wide spectrum of projects covering
various industrial and service sectors like
weaving and knitting, saw mill, plywood manufacturing,
pharmaceuticals, hotel, transport etc. A study
of the resource availability, industrial scenario,
climatic conditions and environmental opportunities
indicates the following thrust area for industrial
development :
- Agro and horticulture
based units
- Mining and mineral
based units
- Plantation crop based
units
- Cottage industry
product unit
- Adventure tourism
Contact Information
Managing Director
Arunachal Pradesh Industrial Development
& Financial Corporation Ltd., (APIDFC)
Near C Sector Petrol Pump,
Itanagar, District Papumpare,
Arunachal Pradesh, India
Pin No.: 791 111
Telephone No. : (0360) 2212672, 2212751
Fax No. : (0360) 2211786
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Assam Financial Corporation
(AFC)
Assam Financial Corporation (AFC) was established
under the Central Act, viz., The State Financial
Corporations Act, 1951, with the basic objective
of promoting and developing small scale and
medium scale industries in the State with
a special focus on spreading industrial culture
in the rural, semi-urban and backward areas
of the States. The corporation is owned by
the Assam state government jointly with IDBI
and is functioning under the administrative
control of the state government.
The Chairman and Managing
Directors of AFC are senior IAS officers appointed
by the state government in consultation with
IDBI. The Board of Directors of AFC are highly
professional in character and consist of senior
executives of the state government, a representative
each from RBI, IDBI and SIDBI, besides other
interests like Co-operatives, Life Insurance,
entrepreneurs are also represented on the
Board. AFC employs highly professional and
technical personnel to carry on the business
operations such as M.B.As., C.As., engineers,
marketing experts, etc.
Assam Financial Corporation
caters to the requirements of the entrepreneurs
.It provides term loan to small and medium
scale industries for creation of assets, viz.,
land, building and machinery. It also provide
working capital term loan to the industrial
units on competitive terms.
The Corporation also provides
Non Fund based services like Merchant Banking,
Under-Writing of Public Issues, Project Counselling,
Bill Discounting, Leasing and Hire-Purchase.
It is operating a number of financial assistance
schemes for the benefit of the entrepreneurs
such as assistance for marketing activities,
equipment finance, special schemes for assistance
to ex-servicemen, single window scheme, etc.
Contact Information
Financial Corporation
"Vittiya Bhavan",
Md. Shah Road,
Paltan Bazar,
Guwahati-781 008.
Tel: 0361 2739839/2633658
Email:afc_ho@yahoo.com,afcghy@gmail.com
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and phone numbers Click
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