Authorised capital of FCI raised by Rs 1,000 cr

New Delhi, Mar 13 (UNI) The Union Cabinet today approved raising the authorised capital of Food Corporation of India (FCI) from Rs 2,500 crore to Rs 3,500 crore.

This will enable the Ministry of Consumer Affairs, Food and Public Distribution to release funds allocated by the Planning Commission under the Plan Scheme for construction of storage godowns in North East, Jammu and Kashmir, Himachal Pradesh and other newly-emerging procuring States, and Integrated Information System on Foodgrains Management, an official spokesperson said after the Cabinet meeting.

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