It has approached a consortium of national banks for the purpose The State government is availing a loan of ₹25,000 crore from a consortium of national banks, and plans to clear all types of bills before the end of this financial year. According to information, the government has created a new entity, Andhra Pradesh State Development Corporation (APSDC), exclusively to raise the loan. Through the process that had begun about three months ago, the government could so far mobilise about ₹6,000 crore from the consortium comprising the State Bank of India (SBI), the Punjab National Bank (PNB), the Union Bank of India (UBI), and the Canara Bank.