April 5, 2016 2:01 PM

printer

Centre releases Rs 25,834 crore to FCI as food subsidy

Centre today released Rs 25,834 crore to Food Corporation of India,FCI as food subsidy. In addition to this, wage and means advance of Rs 10,000 crore will be released shortly. According to an offical release, the FCI is also raising short term loans from banks upto a maximum of Rs 30,000 crore. It said, these funds will be sufficient to manage Rabi procurement which has just started. In 2015-16, original food subsidy allocation of Rs 97,000 crore was increased to Rs 1,12,000 crore at Revised Estimate Stage. This helped to bring down the arrears of subsidy to Rs 58,650 crore

Most Read
View All arrow-right

No posts found.