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The government has raised the authorized working capital of the FCI to ₹21,000 crore from ₹10,000 crore, the biggest hike ever | Latest News India ....
This crisis has profound political implications in the backdrop of the 2024 general election and farmer protests centred on demands to legalise minimum support prices ....
The move will help the Food Corporation of India reduce its borrowings from banks and other institutions, leading to a saving of around Rs 750 crore annually, sources said ....
FCI is the central government's nodal agency that undertakes procurement of foodgrains at a minimum support price (MSP) to protect the interest of farmers ....
The Government has announced an increase in the authorized capital of the Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore in a major step to bolster the agricultural sector and benefit farmers. ....