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SC Finance Corporation plan outlay at 2,344.34 cr
The SC Cooperative Finance Corporation Limited, Amaravati, released the action plan for the benefit of 125 lakh beneficiaries in the State with an outlay of Rs 2,34434 crore and a subsidy of Rs 1,26628 crore
Vijayawada: The SC Cooperative Finance Corporation Limited, Amaravati, released the action plan for the benefit of 1.25 lakh beneficiaries in the State with an outlay of Rs 2,344.34 crore and a subsidy of Rs 1,266.28 crore.
SC Corporation chairman Jupudi Prabhakar released the SC plan for the year 2018-19 here on Wednesday. Speaking on the occasion, he said the Corporation decided to give bank loans of Rs 649.59 crore and loans from other financial institutions/departments.
He said 2,115 units will be sanctioned under self-employment schemes for the SC entrepreneurs up to Rs 20 lakh per unit. A total of 450 Innova cars will be sanctioned with maximum loan up to Rs 20 lakh, 259 transport vehicles (cars) will be sanctioned up to a maximum amount of Rs 10 lakh, 300 passenger auto-rickshaws will be sanctioned each costing Rs 2.5 lakh and 500 tractor trailers will be sanctioned at Rs 7 lakh.
