APSFC is a leading state level financial institution established in the year 1956 under the State Financial Corporations Act, 1951.
APSFC Board members include eminent individuals with a wealth of experience in administration & business, management consulting, banking, insurance and financial services.
APSFC is meeting the financial needs of micro, small and medium scale industries (MSMEs) for more than six decades.
APSFC is making significant contribution for the development of micro, small and medium scale industries in the states by providing the need based credit in the form of medium / long term loans.
The Corporation is playing predominantly a promotional and developmental role and acting as a catalyst for the growth of MSME sector, generation of direct and indirect employment in the state.
The Corporation is having a network of 26 branch offices covering both the states i.e Telangana and Andhra Pradesh.
The Government of Andhra Pradesh and SIDBI together are holding 99.87% of the shareholding in APSFC.