The Andhra Pradesh State Minorities Finance Corporation Limited has been incorporated under the Companies Act, 1956 in the year 1985. The main objective is to assist the weaker sections of Minorities viz; Muslims, Sikhs, Buddhists and Parsis for their socio-economic development in collaboration with Banks and Corporation provides Subsidy and interest Subsidy. The Source of funding for the corporate is from Government of Andhra Pradesh and National Minorities Development and Finance Corporation, New Delhi.
Pre Metric scholarship will be sanctioned to the economically backward minority students studying in class 6th to 10th whose parent/guardian income is below Rs 1 lakh per annum.
Pre Metric scholarship will be sanctioned to the economically backward Minority students from 6th to 10th Class, Whose family income does not exceed Rs 1 lakh- per annum. The Scholarship amount shall be disbursed to the students who put in 75% attendance in normal time.
1.The eligible students should submit filled in application forms through the institutions to the Executive Director/DMWOs of the concerned districts.
2.On receipt of scholarship forms, EDs/DMWOs will scrutinize all application forms and data will be enterd in the website through online and submit the eligible students list to the selection committee for approval.
3.The Selection Committee consists of Joint Collector, District Education Officer, ED APSMFC/DMWO. The list will be approved by the committee duly following the procedure for sanction of scholarships.
Release and Disbursement.
The scholarship amount will be released to the students bank account directly from the ED/DMWOs office.
The rates of Scholarship is 600 per annum
The rates of Scholarship is 800 per annum
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