FCI to borrow Rs 50,000 cr to meet short-term fund needs

The Food Corporation of India (FCI) is set to borrow Rs 50,000 crore to meet its short-term fund requirements. The government-owned corporation has invited bids from banks for a three-month tenure loan to meet its cash flow mismatch and procurement and distribution of food grains.

from News-Economic Times https://ift.tt/J70jst5