An Empirical Study on the Role of APSFC for the Cause of Balanced Resional Development in Andhra Pradesh

Abstract

As part of the industrial financing system in the country, the Andhra Pradesh State Financial Corporation has gained a premier position for the cause of high rate and quality industrial growth and balanced regional development in the state. In order to remove regional imbalances and disparities to the extent possible, the Corporation! has been laying more and more emphasis on extending assistance to industrial units in backward areas. For the development of economically backward areas of the state, the Corporation has been providing a number of incentives including concessions in interest rates, margin money, etc.