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About APSCCFC

Andhra Pradesh Scheduled Castes Co-op. Finance Corporation was set up in the year 1974 with a view to take up programs for the economic development of Scheduled Caste families in the State. The Corporation is registered under the AP Coop Societies Act with a share holding pattern of 51:49 percent between the State Government and the Government of India respectively.

Objectives

The Corporation has been established with the following main objectives:

  • To provide financial assistance for creation of income generating assets.
  • To offer training programs for skill upgradation leading to self/wage employment.
  • To empower women self-help groups for taking up economic support activity.
  • To plug critical gaps of finance in economic support schemes.


    The Corporation and affiliated District Societies

    The Corporation head office formulates policy in terms of preparing Annual Action Plans, monitors implementation of schemes by way of conducting review meeting and securing progress reports on monthly basis. The Corporation mobilizes resources from Government of India, State Government and other financial institutions and in turn releases to District Societies for implementation of schemes. The District Societies also mobilize district level resources in terms of SGSY subsidy from DRDAs, loans from banks and 15% earmarked funds from the local bodies. The VC & Managing Director manages the affairs of the Corporation under the guidance of the Committee of Persons. (The present composition of the Committee of Persons is given in the Annexure - 1). The VC & Managing Director is assisted by General Managers, subject specialists (Special Officers) and other supporting staff.The District Societies function under the guidance of a committee with the chairmanship of the District Collector. The day to day affairs are managed by the Executive Director assisted by subject specialists (APOs) and other subordinate staff in implementation of the Schemes.

    General Profile



    The State of Andhra Pradesh has nearly 106 lakh SC population (1991 census) which forms nearly 16% of the total population. Among the 23 Districts, East Godavari has the highest SC population (7.79%) followed by West Godavari (5.94%), Krishna (5.79%), Chittoor (5.66%), Guntur (5.41%), Karimnagar (5.22%) and Mahabubnagar (5.12%). Out of 59 sub-castes, Madigas and Malas are the two prominent ones. The literacy rate among the Scheduled Castes is 31.58% as against the overall literacy rate of 44.1% in Andhra Pradesh. The highest literacy rate is in the districts of Hyderabad (58.91%), Visakhapatnam (44.74%), West Godavari (40.74%), Krishna (40.1%) and the least is 14.52% in Mahabubnagar District. The highest female literacy is again in Hyderabad (48.64%) while it is the least in Mahabubnagar (5.42%).

    A vast majority of the SC families eke out their livelihoods from Agriculture - mostly as agricultural labourers and some from farming operations. Allied occupations eg. Dairy, Piggery, Sheep & Goat Rearing, Poultry etc., also provide livelihood to a substantial number of SCs. Many landless SCs have
    migrated to urban and semi-urban areas fining jobs as construction labourers and in the tertiary sector. As per the 1992-93 agricultural census there were 11,88,407 holdings covering Ac.10, against which the SC farmers hold 44,110 acres. The percentage of land holdings held by the SC farmers is 12.79%, while the extent held by them is a meagre 4.6% of the total extent. As against the average land holding size of 2.52 acres for all castes, the average land holding size of a SC farmer is 0.88 acres. This reveals the stark deprivation of the SCs in terms of owning the most basic economic asset.

    Monitoring & Evaluation of Schemes

    The Corporation has developed software for monitoring progress of implementation of schemes on monthly basis. The Corporation scrutinizes the data related to sanction and grounding status with reference to funds received and mobilized by the District Societies along with recovery of loans, the staff cost and other related expenditure. Similarly, the Corporation conducts review meetings with the Executive Directors at frequent intervals on progress of Action Plan and guidelines to be followed for implementation of the schemes.

    Annually the Corporation conducts impact studies by engaging certain neutral agencies on schemes implemented by the District Societies to assess the performance of the assets and also the income generated out of the assets provided to the beneficiaries. The Corporation takes up concurrent evaluation in addition to the product evaluation of certain important schemes.

    For Further Information Click here http://www.apsccorp.com

     

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