Home INDIA FOOD FORUM - Food Services Food Corporation of India to raise Rs 20,000 crore short-term loan

Food Corporation of India to raise Rs 20,000 crore short-term loan

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State-run Food Corp. of India (FCI) has invited bids from scheduled banks for raising short-term loan of Rs 20,000 crore to meet the cost of procurement.

The FCI is raising the loan because its subsidy arrears have touched Rs 58,650 crore as on 31 March, a person with knowledge of the matter said…READ MORE