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