The government approved infusion of Rs 10,700 crore as equity in state-owned FCI for working capital requirement this fiscal.

• The Food Corporation of India (FCI) is the government's nodal agency for procurement and distribution of foodgrains.
• The decision is aimed at bolstering the agricultural sector and ensuring the welfare of farmers nationwide. 
• The FCI started its journey in 1964 with authorised capital of Rs 100 crore and equity of Rs 4 crore.
• The operations of FCI increased manifolds resulting in increase of authorised capital from Rs 11,000 crore to Rs 21,000 crore in February 2023.