Chapter III OBJECTIVES AND SCOPE OF ACTIVITIES

rules and regulations made there under, the objectives of the Corporation shall be the following:

1. (a) to raise funding and financing from various avenues, providing necessary support and acting as an enabler for the key socio- economic Sustainable Development Goals across multiple domains viz. Poverty Eradication & Livelihood Enhancement [SDG-1], Doubling Agricultural Productivity and Farmer’s Incomes [SDG-2], Reliable & Universal Healthcare[SDG-3], Inclusive & Equitable Quality Education [SDG-4], Women Empowerment [SDG-5], Clean Water & Sanitation[SDG-6], Housing for Poor [SDG-11] and to undertake various economic and social development projects in the State of Andhra Pradesh;
2. (b) to operate in accordance with principles of fiscal prudence, sustainability and focusing on reforms to achieve the Millennium

Financing to the Corporation -Subject to the provisions of this Act and the rules and regulations made there under:

1. (a) Government shall identify and allocate to the Corporation, various socio-economic projects or schemes of the Government to arrange funding and financing;
2. (b) Government shall identify requisite resources comprising of existing revenue streams and new revenue streams though levying of cess, development cess, fees, charges, etc. as applicable and assign these revenues to the Corporation to raise financing and fulfil its objectives, subject to clause (c) below, once assigned, for the purpose of raising financing, such identified revenue sources shall not be used for any other purpose;
3. (c) In case, the Government cancels or reduces the assigned revenue streams or there is any shortfall in the assigned revenuesfor meeting the debt servicing obligations of the Corporation, Government shall assign alternative revenue streams to meet the committed financing and debt servicing liabilities of the

Core activities of the Corporation -Subject to the provisions of this Act and the rules and regulations made there under, the core activities of the Corporation shall be the following: (a)to fund and finance, the specific social & economic projects and activities, entrusted by the Government to the Corporation; (b)to work towards the fulfillment of core objective, as stated above through innovative financing, wider market outreach and deeper access to the market participants; (c)to mobilize resources from banks, financial institutions,non- banking financial companies, investors, contributors and others through the escrow of the assigned cash flows and follow the principles of fiscal prudence while managing the activities; (d)to raise money from capital markets (domestic and international), money markets, borrowings from banks, financial institutions and other instruments in compliance with various statutes, rules, regulations as prescribed by various statutory and regulatory authorities; (e)to receive any grants, subventions, donations and gifts from the State/ Central Government or undertakings of State / Central Government or foundations/CSR/charitable/philanthropic organisations across globe or funding from multilateral/bilateral/ development organisations or from institutions/persons for meeting the above objectives;

(f)to issue shares/bonds/debentures/bills/anyother

instruments dependent on the structure of financing and as per the Provisions of the Companies Act, 2013(Central Act No.18 of 2013), SEBI regulations (if applicable) and other applicable laws; (g)to establish or promote or concur in establishing any companies or trusts or societies or fund which may directly or indirectly help in achieving the core objectives of the Corporation; (h)to enter any arrangements with the Government or any of its undertakings in fulfilment of its core objectives; (i)to ensure that there is proper utilization of the funds in accordance with its core objectives.