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Union Cabinet approves equity of Rs 10,700 cr as working capital for Food Corporation of India

By Economic Times - 9 hours ago
The government approved an equity infusion of Rs 10,700 crore for FCI in the financial year 2024-25. This will boost the agricultural sector and ensure the welfare of farmers. FCI plays a crucial role in food procurement, stock maintenance, distribution, and national food security. This move will enhance FCI's financial stability and operational capabilities.

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