The Andhra Pradesh State Minorities Finance Corporation Limited was incorporated in 1985 under the aegis of Government of Andhra Pradesh. The Corporation has been registered under Companies Act, 1956.
Andhra Pradesh State Minorities Finance Corporation assists the weaker section among Minorities viz., Muslims, Sikhs, Buddhists, Parsis and Jains. Corporation has district offices in all 12 districts (except Srikakulam)
The Minority Population in Andhra Pradesh is 36.63 Lakhs (excluding Christians) as per 2011 census of which Muslims 36.17 lakhs, Sikhs 0.10 lakhs, Buddhists 0.04 lakhs, Jains 0.27 lakhs and Parsis 0.04 lakhs.
To assist, promote, encourage and render financial help and assistance by way of loan or otherwise to the financially and socially weaker and needy members of the minorities residing in the State of Andhra Pradesh and with a view to secure their social betterment, economic development and general upliftment and to improve their means and standard of living to help and assist them in establishing and setting up agriculture, animal husbandry, village, cottage and small industries of every description, carrying on any trade, business.
To finance, aid co-ordinate, organise, secure and provide loans, advances other forms of financial assistance to the eligible members of minority communities for the promotions, establishment and development of projects and schemes to undertake in the fields of integrated development of agriculture including land use irrigation, communication, animal husbandry, fisheries, diaries, pisciculture, forestry, seed multiplication, grass farms, nursery pastures, orchard, plant protection service, agriculture inputs, storage and distribution, manufacture, repair and service centres, agro- processing units, transportation and marketing services, and agro-based rural industries.
To grant, aid, scholarship, subsidy and loans, for advanced studies, in connection with objects of the Company, in or outside India to deserving persons where the company is assured of good return for the attainment of the object of the company