SC Finance Corporation plan outlay at 2,344.34 cr

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.