Repayment obligation of the FCI will be treated as the first charge on food subsidy released to FCI
FCI is set to get 1.35 million tonnes of additional capacity of food grains storage in two years
In the entire last fiscal 2015-16, FCI had offloaded about 70 lakh tonnes of wheat under the scheme
Aim is to ensure against hoarding by bulk buyers, with apprehension of a repeat on what had happened with pulses last year
The entire expenditure for the pension and medical scheme would be borne from the savings of FCI over the past 3-4 years
Corporation is raising a loan because its subsidy arrears have touched Rs 58,650 crore, as on March 31
The two silos would have a combined storage capacity of 75,000 tonnes