New Delhi, Feb. 19 -- The Government of India (GoI) has announced an increase in the authorised capital of the Food Corporation of India (FCI) from Rs 10,000 Crore to Rs 21,000 Crore to bolster the agricultural sector ensuring the welfare of farmers nationwide.
This strategic move demonstrates the government's steadfast commitment to supporting farmers and fortifying India's agrarian economy.
The increase in authorised capital is a significant step towards enhancing the operational capabilities of FCI in fulfilling its mandate effectively.
To match the fund requirement gap, FCI often resorts to Cash Credit, Short Term Loan, Ways & Means, etc.
Increasing the authorised capital and further infusion will reduce the interest burden,...