Food Corporation of India

Govt buys 266L tonnes of wheat at MSP; Rs 61L crore credited to farmers’ accounts

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Govt buys 266L tonnes of wheat at MSP; Rs 61L crore credited to farmers’ accounts

New Delhi: The Food Corporation of India (FCI) has successfully procured 266 lakh metric tonnes of wheat during the current Rabi marketing season 2024-25, surpassing last year’s figure of 262 lakh metric tonnes to secure the nation’s foodgrain sufficiency, the Ministry of Food and Public Distribution said on Wednesday. More than 22 lakh Indian farmers … Read more

Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr

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Govt raises authorised capital of FCI from Rs 10,000 cr to Rs 21,000 cr

File photo | Photo Credit: SRINATH M The government has increased the authorised capital of state-run Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore to enhance the operational capabilities and fulfill its mandate effectively, the Food Ministry said on February 17. FCI is the central government’s nodal agency that undertakes the procurement … Read more