APSMFC hiked the retirement Age

Vijayawada, July 1: The Andhra Pradesh State Minority Finance Corporation(APSMFC) has taken a decision to increase the retirement age of employees from 58 to 60 years, which was announced by Chairman Mohammad Hidayat at the ruling session on Friday.

While speaking in Meeting held at the State Minority Finance Corporation office in Vijayawada, Hidayat said that they have been appointed a subcommittee to appoint the contract employees as permanent employees, who are working from since 2002.

The decision would be taken on government terms regarding the eligibility of the employees, the seniority.

In 2016-17, the corporation aimed to benefit 13,000 individuals through personal loans, of which 63 percent had personal loans. The rest of them will also take action within the week. The meeting was attended by APSMFC directors.