FCI raises Rs 20k cr bank loan for working capital

Tags: News
Facing liquidity crunch, the Food Corporation of India (FCI) has raised short term loan of Rs 20,000 crore from around 20 banks to meet funding requirements for procurement and distribution of foodgrains.

State-run FCI had floated a tender on April 24 inviting bids for short term loan. The tender closed on April 30.

According to sources, FCI has raised Rs 20,000 crore short term loans to meet its working capital requirements.

EDITORIAL OF THE DAY

  • Enhanced allocations are needed for research to ‘Make in India’ for India

    Even as India flaunts its ambitious ‘Make in India’ initiative from February 13, it spurs several questions.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture