hyderabad the andhra pradesh state minorities finance corporation apsmfc has announced that it would soon be implementing the economic assistance scheme for the minorities for 201213 under which a subsidy will be provided on bank loans taken for setting up businesses servicing and allied viable activities to members from minority community the apsmfc will provide 50 subsidy on the loan subject to a maximum of rs30000 while the beneficiary is required to put in 10 of the loan amount the remaining amount shall be put up by the bank the loan is available only to members from minority community prospective borrowers should be aged between 18 and 45 years with an annual income less than rs 50000 borrowers should also have resided in hyderabad district for not less than seven years interested persons can register and apply for the loan on apsmfc website wwwapsmfccom before june 30