FCI to raise Rs 50,000 cr short-term loan for foodgrain operations

The Food Corporation of India (FCI) is set to raise short-term debt of Rs 50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop up an additional Rs 25,000 crore, a senior government official said. The funds are being raised to bridge cash flow mismatches arising from procurement and […]