ROLE OF ANDHRA PRADESH STATE MINORITIES FINANCE CORPORATION IN FINANCIAL DEVELOPMENT OF MUSLIM MINORITIES IN GUNTUR DISTRICT, A.P

Dr.V.V.SESHA MOHAN; Mr. VAHED SHAKEEL AHAMMAD

Volume : VI, Issue : IX, September - 2017

ROLE OF ANDHRA PRADESH STATE MINORITIES FINANCE CORPORATION IN FINANCIAL DEVELOPMENT OF MUSLIM MINORITIES IN GUNTUR DISTRICT, A.P

Dr. V. V. Sesha Mohan, Mr. Vahed Shakeel Ahammad

Abstract :

The Andhra Pradesh State Minorities Finance Corporation (A.P.S.M.F.C) Limited has been incorporated under the Companies Act, 1956 in the year 1985. The main objective is to assist the weaker sections of Minorities viz; Muslims, Sikhs, Buddhists, Parsis and Jains for their socio–economic development in collaboration with Banks and Corporation provides Subsidy and interest Subsidy. The Source of funding for the corporation is from Government of Andhra Pradesh and National Minorities Development and Finance Corporation (NMDFC).