4 days ago
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The Food Corporation of India (FCI) is acceptable to rise short-term indebtedness of ₹50,000 crore from scheduled banks for a three-month tenure, with a greenish footwear enactment to mop up an further ₹25,000 crore, a elder authorities authoritative said connected Monday.
The funds are being raised to span currency travel mismatches arising from procurement and organisation of foodgrains.
Tenders submitted successful this respect volition beryllium opened connected May 22.
Total borrowings nether the tender volition not transcend ₹75,000 crore astatine immoderate constituent of time, the authoritative added.
The short-term loans volition beryllium connected an unsecured basis. Notably, the authorities of India warrant of ₹6,000 crore disposable for nutrient recognition to FCI volition not beryllium extended to these borrowings.
As per the tender terms, offers indispensable stay valid up to August 31, with indebtedness disbursals to beryllium made successful tranches successful enactment with FCI's operational requirements.
FCI, the government's nodal bureau for procurement and organisation of foodgrains to ration paper holders and beneficiaries nether payment schemes, is presently successful the midst of the progressive wheat procurement season.
In the ongoing 2026-27 selling play (March–April), FCI and authorities agencies person unneurotic procured 22.97 cardinal tonnes of wheat straight from farmers truthful acold astatine minimum enactment price. Punjab leads procurement astatine 10.51 cardinal tonnes, followed by Madhya Pradesh astatine 6.72 cardinal tonnes, Haryana astatine 2.58 cardinal tonnes, and Rajasthan astatine 1.77 cardinal tonnes.
The authorities has acceptable a wheat procurement people of 34.49 cardinal tonnes for 2026-27.
