Live
- YSRCP, TDP candidates file nominations
- Gold rates in Visakhapatnam surges, check the rates on 20 April 2024
- Gold rates in Vijayawada surges, check the rates on 20 April 2024
- Gold rates in Hyderabad surges, check the rates on 19 April 2024
- YS Sharmila to file nomination for Kadapa Lok Sabha constituency today
- Rains lash parts of Hyderabad bringing respite from heat
- Peddireddi continues tirade against former CM Kiran
- DCA raids three quacks
- ‘Kuppam Gadda-TDP Adda’, asserts Bhuvaneswari
- Never made people regret voting for me: Kishan Reddy
APGB disburses loans to MSMEs
Andhra Pragathi Grameena Bank APGB Chairman A Venkata Reddy has personally disbursed MSME loans worth Rs 1 crore to 10 businessmen at the rate of Rs 10 lakh each
Anantapur: Andhra Pragathi Grameena Bank (APGB) Chairman A Venkata Reddy has personally disbursed MSME loans worth Rs 1 crore to 10 businessmen at the rate of Rs 10 lakh each.
The loans were given without verification as part of the bank’s policy to give hassle-free loans. Speaking on the occasion, Venkata Reddy said that the bank is serving the interests of farmers, students, industrial entrepreneurs and businessmen in 5 districts.
He stated that a Rs 10 lakh will be given to entrepreneurs, who come forward to set up small and medium range industrial units.
Reginal Manager G Shiva Sankar Reddy said under Stand-Up India scheme, self-employment loans are disbursed to SC, ST and women entrepreneurs.
The bank is also extending education and housing loans.
