Question : FCI Procurement of Wheat

(a) the total quantum of procurement of wheat by the Food Corporation of India (FCI) for public distribution in the last three years and the current year;

(b) the details of actual dues to FCI from the Government on account of subsidy to be released and the reasons for the delay;

(c) whether the Government has received any request from FCI for raising the capital of Government, if so, the action taken so far and if not, the reasons therefor; and

(d) the total borrowings of FCI as on date and the amount of loan capital?

A N S W E R
MINISTER OF STATE FOR MINISTRY OF CONSUMER AFFAIRS, FOOD & PUBLIC DISTRIBUTION
(SHRI DANVE RAOSAHEB DADARAO)

(a): The total procurement of wheat in central pool by Food Corporation of India (FCI), State Government and its agencies during last three years and current year is as under:

Rabi Marketing Season (RMS) Quantity (in LMT)
2016-17 229.61
2017-18 308.24
2018-19 357.95
2019-20 341.32
......2/-

-2-
(b): The outstanding subsidy due to be released to FCI as on 31.03.2019 was Rs. 1,86,171 crores. For Financial Year 2019-20, Budget Estimate for Food Subsidy to FCI was Rs.1,51,000 crore and Rs. 75,000 crore in Revised Estimate . Funds for food subsidy are released to FCI in time as per the monthly expenditure plan/quarterly expenditure plan as per available budget allocation subject to approval of Ministry of Finance as and when required.
(c): In Budget Speech 2018-19, vide Para 120, it was announced to restructure the capital of Food Corporation of India through equity enhancement. Accordingly, Rs. 500 crore was released on 22.03.2019 (FY 2018-19) and Rs. 1000 crore has been released on 24.01.2020 (FY 2019-20).
(d): The total borrowings of FCI as on 27.01.2020 and amount of loan capital are as under:-

Particulars Borrowing Amount
(Rupees in crore )
Cash Credit Limit (CCL) 6084.12
Short term loan(STL) 15,800
National Small Saving Fund (NSSF) loan 1,91,000
Bonds 29,000
Total 2,41,884.12


****