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- Govt. of India
provides funds to FCI to meet the cost of fixed assets like Offices,
Godowns, Silos, Railway Sidings and Weighbridges.
- The Authorized Capital
of FCI is Rs. 2500 crores and the Paid-up Capital is Rs. 2437.47
crores as on 31.03.2005.
- For financing the
foodgrains and sugar operations entrusted to corporation by the
Govt. of India, the working capital is provided by the consortium of
44 banks.
- FCI purchases the
foodgrains for the Central Pool at the procurement prices and issues
the same at the Central Issue Prices fixed by the Government of
India. The issue price so fixed do not cover the full cost incurred
by the Corporation in the procurement, movement, storage and
distribution of foodgrains. The different represents the consumer
subsidy for the Public Distribution System, and is paid to the
Corporation by the Government of India. The Corporation also
maintains buffer stock of foodgrains on behalf of the Govt. of India
and the carrying charges of the buffer stocks are also reimbursed by
the Government to the Corporation.
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Covered Godown
Complex
View of CAP
Storage |
