APSSDC is a unique organization formed as a public private partnership(PPP) corporation to promote skill-development & entrepreneurship in the state of Andhra Pradesh. The corporation is incorporated as a Section-8 company (not-for-profit) with a private equity component of 51% and 49% by Govt of AP. The Corporation now serves as the Executive Agency for the newly formed Department of Skill Development, Entrepreneurship and Innovation. APSSDC will also serve the important task of providing high quality skilled manpower as part of the acknowledge and Skills Mission of GoAP, which is one of the cross-cutting missions among the seven missions formed by the govt to facilitate double digit growth of the state.
|The Andhra Pradesh State Minorities Finance Corporation Limited was incorporated under the Companies Act, 1956 in the year 1985 to assist the weaker sections of Minorities viz; Muslims, Christians, Sikhs, Buddhists and Parsis for their Socio-economic Development by providing Margin Money Loans and Direct Loans with the assistance of Govt of AP and NMDFC for setting up of Businesses, Industrial, Service, Agricultural and Allied Viable Activities and Grant-in-Aid for Welfare Scheme.|
Andhra Pradesh Scheduled Castes Cooperative Finance Corporation was set up in the year 1974 with a view to take up programmes for the Economic Development of Scheduled Caste families in the State
Govt has issued G.O Ms No 414 dated 4.6.2007 , establishing a Mission called MEPMA , for formulating strategies to implement poverty reduction programmes in urban areas. All the 30 lakh poor families will have improved quality of life by accessing services from all organizations through their own strong self reliant and self managed institutions. To enable the urban poor particularly the poorestof the poor to eliminate poverty and vulnerability in a sustainable manner and improve their quality of life in urban areas.
The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) Antyodaya Diwas, on 25th September 2014. DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.
The Andhra Pradesh State Christian (Minorities) Finance Corporation has been formed in November 2008. The main objective of the corporation is to assist the Christians community for their socio-economic development in collabration with Banks and other Development Agencies. The Source of funding for the corporate is from Government of Andhra Pradesh.