Centre infuses equity of ₹10,700 crores in Food Corporation of India
- newsmediasm
- Nov 7, 2024
- 1 min read
By our Special Correspondent
The Centre said that the decision is aimed at bolstering the agricultural sector and ensuring the welfare of farmers nationwide.
The Cabinet Committee on Economic Affairs, on Wednesday (November 6, 2024), approved the infusion of equity of ₹10,700 crores in Food Corporation of India (FCI) by way of conversion of ‘Ways and Means Advance’ to equity in 2024-25. This will be used as working capital for the FCI in this financial year.
Comments