The Union Cabinet has approved an infusion of equity of Rs 10,700 crore for working capital in Food Corporation of India (FCI), in the financial year 2024-25.
The government said this decision was made at the weekly Cabinet meeting to bolster the agricultural sector and ensuring the welfare of farmers nationwide.
FCI started its journey in 1964 with authorised capital of Rs 100 crore and equity of Rs 4 crores.
The operations of FCI increased manifolds resulting in an increase of authorised capital from Rs 11,000 crores to Rs 21,000 crores in February, 2023.
Bu hikaye The Business Guardian dergisinin November 07, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin November 07, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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