Government to pump Rs 10k cr into FCI to help with working capital need
Wednesday, 6 November 2024
The Indian government approved a Rs 10,700 crore equity infusion into the Food Corporation of India (FCI) to cover working capital needs. This move aims to reduce FCI's interest burden by around Rs 800 crore annually, ultimately cutting down government subsidies while supporting farmers and strengthening the agricultural sector.
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Government to pump Rs 10k cr into FCI to help with working capital needThe Indian government approved a Rs 10,700 crore equity infusion into the Food Corporation of India (FCI) to cover working capital needs. This move aims to...IndiaTimes |
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