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FCI will have just Rs 59K cr of NSSF loans by FY22-end: Expenditure secy

Lower loans will decrease FCI's interest burden by Rs 17,000-18,000 crore annually, say officials

Topics
Expenditure Budget | FCI | Finance Ministry

Dilasha Seth & Sanjeeb Mukherjee  |  New Delhi 



farmers, punjab, agriculture, farming, farm, crops, produce, msp
In decentralised procurement, states purchase, store, and distribute paddy and rice, while the Centre meets the cost at a pre-determined rate.

With the Budget allocating Rs 4.23 trillion as food subsidy in FY21 and topping it up with another Rs 2.42 trillion for FY22, Food Corporation of India (FCI) will be left with just around Rs 59,000-crore unpaid loans by the end of next financial year, Expenditure Secretary T V Somanathan has said.

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First Published: Thu, February 04 2021. 06:10 IST

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