It shall be the functions of the Corporation,-
(a) To ensure implementation of healthcare programs / schemes entrusted to it by the Government;
(b) To raise finance for healthcare infrastructure by ringfencing revenue and other cash flows through mechanisms like escrow accounts;
(c) Raising money from capital markets, domestic and international money markets and other instruments in compliance with various statues, rules, regulations as prescribed by various statutory and regulatory authorities;
(d) Deposit the monies .which cannot be immediately applied, into a Scheduled Commercial Bank or Banks or other public financial institutions or invest in Government of India securities or deposits issued by Government of Andhra Pradesh owned NBFC’s subject to such conditions as may, from time to time, be specified by the Board;
(e) Funds mobilized by the Corporation are to be utilized exclusively by the Corporation to fund the eligible projects, and/or to repay the monies borrowed;
(f) To undertake schemes, either jointly with other State Government Corporations, or Government entities in furtherance of the core objectives of the Corporation for which, the Corporation is established and all matters .
connected therewith;
(g) To take all such steps as may be necessary or convenient for, or may be incidental to, the exercise of any power or the discharge of any function conferred or imposed on it by this Act;
(h) To undertake any other activities entrusted by the Government in furtherance of the objectives for which the Corporation is established.