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Finance and Accounts

Funds

Brief on Fund Position of FCI

(as on 31st August, 2023)

Equity: 

FCI is fully owned by the Government of India.  Its Authorized Capital is Rs.10,000 crore. Being a trading corporation major capital infusion relates to the perpetual holding of stocks. The details of authorized and paid-up equity capital (as on 31-08-2023) since 2018-19 are as following; 

(Rs. Crore) 

Financial Year 

Authorised Capital 

As on 1st, 

 April 

Paid During the Year

As on 31st, March

2018-19

3,500.00

2,884.58

563.00

3,447.58

2019-20

10,000.00

3,447.58

1,049.00

4,496.58

2020-21

10,000.00

4,496.58

1,040.00

5,536.58

2021-22

10,000.00

5,536.58

2,505.00

8,041.58

2022-23

10,000.00

8,041.58

1,938.21

9,979.79

 2023-24

(Upto 31-08-2023)

10,000.00

9,979.79

NIL

9,979.79


Borrowings:

FCI at present is exclusively engaged in implementation of the food policy of GoI. In the process of its operation, FCI has to carry food stocks, a major part of which are carried perpetually as a part of operation and buffer stock. To fund these stocks and also to fund arrear subsidy, FCI borrows funds from different sources. Borrowings of FCI as 31st August, 2023 are as following;

Borrowings Position 

(Rs. In Crore) 

Source 

Outstanding as on 31-03-2023 

Outstanding as on 31-08-2023 

Cash Credit Limit (Food) 

985 

440

Cash Credit Limit (Pulses)

25

6

GOI Guaranteed Bond

36,700

36,700

National Small Saving Fund Loans

NIL

NIL

Ways and Means Advances

NIL

9,955

Short Term Loans

3,000

350

 Total

40,710

47,451

 

Borrowings: Borrowings of FCI since 2018-19 are as following;

Borrowings From Different Sources by FCI

(As on 31st, March)

                                       (Rs. In Crore)

Financial Year

Cash Credit Limit (Food)

Cash Credit Limit
(Pulses)

Bonds (GOI Guaranteed)

NSSF Loans (GOI)

WMA

STL (Scheduled Banks)

Total Borrowings

2018-19

5,198

15,738

1,91,000

NIL

41,226

2,53,162

2019-20

3,565

288

29,000

2,54,600

NIL

40,700

3,28,153

2020-21

2,709

81

37,000

NIL

NIL

20,500

60,290

2021-22

815

13

37,000

NIL

NIL

12,800

50,628

2022-23

985

25

36,700

NIL

NIL

3,000

40,710

2023-24 

(Upto 31-08-2023)

440

6

36,700

NIL

9,955

350

47,451

 

Cash Credit Limit (Food):

The Working Capital requirement of Food Corporation of India is met from Cash Credit limit through a Consortium of Banks with State Bank of India as lead Bank. The CC limit is secured by stock held by FCI and also guaranteed by Government of India. The CC limit as on 31-08-2023 stood at Rs.6,000 crore. The detail of CCL sanctioned and interest rate is as under:-

Financial Year

Sanctioned

as on 31st, March

(Rs in Crore )

Range of Interest Rate

(%)

Minimum

Maximum

2018-19

8,995.00

8.66

9.15

2019-20

8,995.00

8.61

9.15

2020-21

9,495.00

7.74

8.61

2021-22

9,495.00

6.68

7.76

2022-23

6,000.00

6.68

7.98

2023-24 (Upto 31.08.2023)

6,000.00

7.98

8.15

Note: - (i) Bank borrowings under Cash Credit Limit are rated by M/s India Rating and Research Ltd as IND AAA/Stable.

 (ii) The monthly reset of interest is effective from 01.01.2022, Prior to that interest rates were reset every quarter.

Cash Credit Limit (Pulses):

The Working Capital requirement for pulses operation under Price Support Scheme (PSS) is met from Cash Credit limit account maintained with State Bank of India. The CC limit is secured by stock held by FCI and also guaranteed by Government of India through Ministry of Agriculture. The sanctioned CC limit as on 31.08.2023 stood at Rs.1,500 crore for pulses account under PSS. The rate of interest applicable on Pulse Cash Credit Account w.e.f 01.09.2023 is 8.15% The detail of CCL sanctioned and interest rate is as under: -

Financial Year

Sanctioned

as on 31st, March

(Rs. in Crore )

Range of Interest Rate

(%)

Minimum 

Maximum 

2020-21

1,500

6.65

8.25

2021-22

1,500

6.65

6.65

2022-23

1,500

6.65

8.10

2023-24 (Upto 31.08.2023)

1,500

8.10

8.15

Note: - Bank borrowings under Cash Credit Limit (Pulses) are rated by M/s India Rating and Research Ltd as AAA/Stable.

Bonds:

The working capital requirement of FCI which consists of value of stock held is partially funded by GoI Guaranteed Bonds. Government of India has permitted FCI to mobilize funds by issuing government guaranteed bonds from time to time. The position of outstanding bonds as on 31-08-2023 is as under:-

Series

ISIN

Date of Allotment

Tenure

Coupon rate (%)

Date of Redemption

Outstanding Bonds as on date (Rs. In Crore)

 V - B

INE861G08027

22-03-2013

15 Years

8.80

22-03-2028

4,700.00

VII

INE861G08043

01-03-2019

10 Years

8.95

01-03-2029

2,737.70

VII –A

INE861G08068

09-01-2020

10 Years

7.60

09-01-2030

5,262.30

VIII

INE861G08050

12-12-2019

10 Years

7.64

12-12-2029

8,000.00

IX

INE861G08076

23-10-2020

10 Years

6.65

23-10-2030

8,000.00

X

INE861G08084

13-08-2021

10 Years

7.09

13-08-2031

8,000.00

Total

36,700.00

 

NSSF Loan: 

The NSSF Loans were sanctioned to FCI during 2016-17 to 2020-21, in lieu of food subsidy, as off-balance sheet expenditure of the Government. These loans were for a period of 5 years and to be repaid in equal annual instalments. However, these Loans have been fully repaid during 2020-21, out of additional subsidy provided by GoI.

The details of NSSF loans provided to FCI since 2018-19 is as under:

Status of NSSF Loan by Government of India

(Rs. In Crore)

Year

Opening Balance as on 1st April

Loan Sanctioned & Availed During F.Y

Repayment During the F.Y

Outstanding as on 31st, March

Rate of Interest

 

2018-19

1,21,000.00

97,000.00

27,000.00

1,91,000.00

Ranging From 7.40% to 8.80%

 

2019-20

1,91,000.00

1,10,000.00

46,400.00

2,54,600.00

 

2020-21

2,54,600.00

84,636.00

3,39,236.00

NIL

 

2021-22

NIL

NIL

NIL

NIL

 

2022-23

NIL

NIL

NIL

NIL

 

 

2023-24

(Upto 31.08.2023)

NIL

NIL

NIL

NIL

 

 

 

Ways and Means Advance:

To provide temporary working capital to the Corporation, the Government of India releases WMA to FCI. These advances are released during the year and repayable/recovered out of the subsidy allocation/NSSF Allocation for the year towards the end of the financial year. Interest rate of this loan is at par with the weighted average rate of interest for 364 days T Bills during the relevant financial year. The year wise detail of WMA sanctioned limit and released to FCI during last 5 years is as under:-

 Financial Year

Sanctioned WMA Limit

(Rs. In Crore)

Amount released/received

(Rs. In Crore)

WMA repaid

(Rs. In crore)

WMA Outstanding

(Rs. In crore)

Interest rate

(%)

 

 

2018-19

50,000

12,000

12,000

NIL

7.04

 

2019-20

50,000

NIL

NIL

NIL

-

 

2020-21

50,000

10,000

10,000

NIL

3.58

 

2021-22

10,000

NIL

NIL

NIL

-

 

2022-23

10,000

10,000

10,000

NIL

6.53

 

2023-24

(Upto 31.08.2023)

25,000

12,105

2,150

9,955

*

 

 Note:-The final interest is communicated by Department of Economic Affairs, Ministry of Finance after end of relevant financial year.

Short Term loan:

FCI takes short term loan to meet out cash flow mismatches and to provide temporary working capital to the Corporation. The corporation avails unsecured short term loans (STL) from scheduled commercial banks through E-procure portal. Details of sanctioned STL limit and outstanding STL for last 5 years is as under:-

Details of Short- Term Loans Availed

Range of Interest Rate

 

Financial Year

Sanctioned STL Limit

(Rs. in Crore)

STL Outstanding as on 31st, March

(Rs. in Crore)

 

Minimum

Maximum

 

2018-19

50,000

41,226

7.45%

8.66%

 

2019-20

50,000

40,700

5.92%

8.40%

 

2020-21

75,000

20,500

4.10%

7.25%

 

2021-22

50,000

12,800

3.47%

4.34%

 

2022-23

75,000

3,000

3.85%

7.80%

 

2023-24

(Upto 31-08-2023)

75,000

350

7.00%

7.95%

 

 All bank borrowings under short term loan are rated by M/s India Rating and Research Ltd as IND A1+.

 

Disclosures
Bond Investor Information
Credit Rating
Statement of utilisation of proceeds (pdf - 1,047 KB) 

<p><strong><span style="text-decoration: underline;">BRIEF NOTE :</span></strong></p>
<ol>
<li>Providing financial concurrence of different proposals of operating divisions after analyzing different financial aspects such as compliance of provisions of GFR and FCI Circulars/Guidelines, compliance of different manuals of FCI etc.&nbsp;</li>
<li>Digital payment to all staff and third parties is being done through Cash Management Product facility of SBI to achieve the endeavor of Digital India of the Government.</li>
<li>Confirmation/Verification of genuineness of Bank Guarantee issued in favor of FCI is being done through Structured Financial Messaging System (SFMS) which mitigate the risk of fraud.</li>
<li>Issue the instructions/clarifications of Tax matters to field offices across All India to achieve the compliance of tax laws i.e. GST and Income Tax.</li>
<li>Implementation of Bill Tracking software (BTS) which helps in real time tracking of supplier/contractors bills and ensures timely payment to them. Also the suppliers can keep a watch on their bills and can check the status of their payments.</li>
<li>On boarding on Trade Receivables Discounting System (TReDS) for discounting of bills of MSME vendors.</li>
</ol>
<p><strong>Equity :&nbsp;</strong></p>
<p>FCI is fully owned by the Government of India.&nbsp; It&rsquo;s Authorized Capital is Rs.10,000 crore. Being a trading corporation major capital infusion relates to the perpetual holding of stocks. The details of authorized and paid-up equity capital (as on 31.12.2020) since 2001-02 are as following;</p>
<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (Rs. in Crore)</p>
<table border="1" cellspacing="0" cellpadding="0" width="656">
<tbody>
<tr>
<td style="text-align: center;" width="157">
<p><strong>Year</strong></p>
</td>
<td style="text-align: center;" width="125">
<p><strong>Authorised Capital</strong></p>
</td>
<td style="text-align: center;" width="125">
<p><strong>As on 1<sup>st</sup> of April</strong></p>
</td>
<td style="text-align: center;" width="125">
<p><strong>Paid during the year</strong></p>
</td>
<td style="text-align: center;" width="125">
<p><strong>As on 31<sup>st</sup> March</strong></p>
</td>
</tr>
<tr>
<td width="157">
<p>Upto 2001-02</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2294.50</p>
</td>
<td style="text-align: center;" width="125">
<p>28.50</p>
</td>
<td style="text-align: center;" width="125">
<p>2323.00</p>
</td>
</tr>
<tr>
<td width="157">
<p>2002-03</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2323.00</p>
</td>
<td style="text-align: center;" width="125">
<p>30.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2353.00</p>
</td>
</tr>
<tr>
<td width="157">
<p>2003-04</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2353.00</p>
</td>
<td style="text-align: center;" width="125">
<p>39.46</p>
</td>
<td style="text-align: center;" width="125">
<p>2392.46</p>
</td>
</tr>
<tr>
<td width="157">
<p>2004-05</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2392.46</p>
</td>
<td style="text-align: center;" width="125">
<p>45.01</p>
</td>
<td style="text-align: center;" width="125">
<p>2437.47</p>
</td>
</tr>
<tr>
<td width="157">
<p>2005-06</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2437.47</p>
</td>
<td style="text-align: center;" width="125">
<p>35.78</p>
</td>
<td style="text-align: center;" width="125">
<p>2473.25</p>
</td>
</tr>
<tr>
<td width="157">
<p>2006-07</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2473.25</p>
</td>
<td style="text-align: center;" width="125">
<p>7.50</p>
</td>
<td style="text-align: center;" width="125">
<p>2480.75</p>
</td>
</tr>
<tr>
<td width="157">
<p>2007-08</p>
</td>
<td style="text-align: center;" width="125">
<p>2500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2480.75</p>
</td>
<td style="text-align: center;" width="125">
<p>29.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2509.75</p>
</td>
</tr>
<tr>
<td width="157">
<p>2008-09</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2509.75</p>
</td>
<td style="text-align: center;" width="125">
<p>18.55</p>
</td>
<td style="text-align: center;" width="125">
<p>2528.30</p>
</td>
</tr>
<tr>
<td width="157">
<p>2009-10</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2528.30</p>
</td>
<td style="text-align: center;" width="125">
<p>24.43</p>
</td>
<td style="text-align: center;" width="125">
<p>2552.73</p>
</td>
</tr>
<tr>
<td width="157">
<p>2010-11</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2552.73</p>
</td>
<td style="text-align: center;" width="125">
<p>35.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2587.73</p>
</td>
</tr>
<tr>
<td width="157">
<p>2011-12</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2587.73</p>
</td>
<td style="text-align: center;" width="125">
<p>61.94</p>
</td>
<td style="text-align: center;" width="125">
<p>2649.67</p>
</td>
</tr>
<tr>
<td width="157">
<p>2012-13</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2649.67</p>
</td>
<td style="text-align: center;" width="125">
<p>23.28</p>
</td>
<td style="text-align: center;" width="125">
<p>2672.95</p>
</td>
</tr>
<tr>
<td width="157">
<p>2013-14</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2672.95</p>
</td>
<td style="text-align: center;" width="125">
<p>3.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2675.95</p>
</td>
</tr>
<tr>
<td width="157">
<p>2014-15</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2675.95</p>
</td>
<td style="text-align: center;" width="125">
<p>86.84</p>
</td>
<td style="text-align: center;" width="125">
<p>2762.79</p>
</td>
</tr>
<tr>
<td width="157">
<p>2015-16</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2762.79</p>
</td>
<td style="text-align: center;" width="125">
<p>67.70</p>
</td>
<td style="text-align: center;" width="125">
<p>2830.49</p>
</td>
</tr>
<tr>
<td width="157">
<p>2016-17</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2830.49</p>
</td>
<td style="text-align: center;" width="125">
<p>30.59</p>
</td>
<td style="text-align: center;" width="125">
<p>2861.08</p>
</td>
</tr>
<tr>
<td width="157">
<p>2017-18</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2861.08</p>
</td>
<td style="text-align: center;" width="125">
<p>23.50</p>
</td>
<td style="text-align: center;" width="125">
<p>2884.58</p>
</td>
</tr>
<tr>
<td width="157">
<p>2018-19</p>
</td>
<td style="text-align: center;" width="125">
<p>3500.00</p>
</td>
<td style="text-align: center;" width="125">
<p>2884.58</p>
</td>
<td style="text-align: center;" width="125">
<p>563.00</p>
</td>
<td style="text-align: center;" width="125">
<p>3447.58</p>
</td>
</tr>
<tr>
<td width="157">
<p>2019-20</p>
</td>
<td style="text-align: center;" width="125">
<p>10000.00</p>
</td>
<td style="text-align: center;" width="125">
<p>3447.58</p>
</td>
<td style="text-align: center;" width="125">
<p>1049.00</p>
</td>
<td style="text-align: center;" width="125">
<p>4496.58</p>
</td>
</tr>
<tr>
<td width="157">
<p>2020-21 upto 31.01.2021</p>
</td>
<td style="text-align: center;" width="125">
<p>10000.00</p>
</td>
<td style="text-align: center;" width="125">
<p>4496.58</p>
</td>
<td style="text-align: center;" width="125">
<p>1011.25</p>
</td>
<td style="text-align: center;" width="125">
<p>5507.83</p>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p><strong>Debt : </strong></p>
<p>FCI at present exclusively engaged in implementation of the food policy of GoI. In the process of its operation FCI has to carry food stocks a major part of which are carried perpetually as a part of operation and buffer stock. To fund these stocks and also to fund arrear subsidy, FCI borrows funds from different sources.&nbsp;Debts as on 31<sup>st</sup> December, 2020 is as following;<br /><br /></p>
<table style="width: 595px;" border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td style="text-align: right;" colspan="3" width="595" valign="bottom">
<p style="text-align: center;"><span style="font-size: large;"><strong><span style="text-decoration: underline;">Debt Position as on&nbsp;</span><strong><span style="text-decoration: underline;"><span lang="EN-US">31<sup>st</sup></span><span lang="EN-US"> De</span><span lang="EN-US">cember,2020</span></span></strong></strong></span></p>
<p style="text-align: right;">&nbsp;(Rs in Crore)</p>
</td>
</tr>
<tr>
<td style="text-align: right;" width="253">
<p><strong>Source</strong></p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p><strong>Outstanding as on   31.03.2020</strong></p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p><strong>Outstanding as on 31.12.2020 </strong></p>
</td>
</tr>
<tr>
<td style="text-align: right;" width="253" valign="bottom">
<p style="text-align: left;">Cash   Credit Limit</p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p>3565.28</p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p><span lang="EN-US">2053.08</span></p>
</td>
</tr>
<tr>
<td width="253" valign="bottom">
<p>GOI   Guaranteed Bonds</p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p>29000.00</p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p>37000.00</p>
</td>
</tr>
<tr>
<td width="253" valign="bottom">
<p>National   Small Saving Fund Loans</p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p>254600.00</p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p><span lang="EN-US">300663.79</span></p>
</td>
</tr>
<tr>
<td width="253" valign="bottom">
<p>Ways   and Means Advances</p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p>0</p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p>10000.00</p>
</td>
</tr>
<tr>
<td width="253" valign="bottom">
<p>Short   Term Loans</p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p>40700.00</p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p>24650.00</p>
</td>
</tr>
<tr>
<td width="253" valign="bottom">
<p><strong>&nbsp;</strong></p>
</td>
<td style="text-align: right;" width="172" valign="bottom">
<p><strong>327865.28</strong></p>
</td>
<td style="text-align: right;" width="170" valign="bottom">
<p><strong><span lang="EN-US">374366.87</span></strong></p>
</td>
</tr>
</tbody>
</table>
<p><br />Borrowings of FCI since 2014-15 are as following;<br /><br /><br /></p>
<table border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td colspan="5" width="463" valign="top">
<p style="text-align: center;"><span style="font-size: medium;"><strong>Borrowings from   different sources by FCI</strong></span></p>
<p><strong>&nbsp;</strong></p>
</td>
<td colspan="2" width="138" valign="top">
<p style="text-align: right;"><strong><br /><br />Rs in Crore</strong></p>
</td>
</tr>
<tr>
<td style="text-align: center;" width="100" valign="top">
<p>YEAR</p>
</td>
<td style="text-align: center;" width="100" valign="top">
<p>Cash Credit Limit</p>
</td>
<td style="text-align: center;" width="130" valign="top">
<p>BONDS&nbsp;&nbsp;</p>
<p>(GoI-guaranteed)</p>
</td>
<td style="text-align: center;" width="76" valign="top">
<p>NSSF Loan (GoI)</p>
</td>
<td style="text-align: center;" colspan="2" width="94" valign="top">
<p>STL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ( Scheduled Banks)</p>
</td>
<td style="text-align: center;" width="101" valign="top">
<p>Total Borrowings</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2014-15</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>46,427</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>16,121</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>-</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>28,805</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>91,353</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2015-16</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>50,603</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>13,000</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>-</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>26,375</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>89,978</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2016-17</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>4,620</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>13,000</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>70,000</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>38,477</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>1,26,097</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2017-18</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>8,414</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>13,000</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>1,21,000</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>47,450</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>1,89,864</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2018-19</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>5,198</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>15,738</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>1,91,000</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>41,226</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>2,53,162</p>
</td>
</tr>
<tr>
<td width="100" valign="top">
<p>2019-20</p>
</td>
<td style="text-align: right;" width="100" valign="top">
<p>3,565</p>
</td>
<td style="text-align: right;" width="130" valign="top">
<p>29,000</p>
</td>
<td style="text-align: right;" width="76" valign="top">
<p>2,54,600</p>
</td>
<td style="text-align: right;" colspan="2" width="94" valign="top">
<p>40,700</p>
</td>
<td style="text-align: right;" width="101" valign="top">
<p>3,27,865</p>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p><strong>Cash Credit Limit: </strong></p>
<p><strong>&nbsp;</strong></p>
<p>The Working Capital requirement of Food Corporation of India is met from Cash Credit limit through a Consortium of Banks with State Bank of India as lead Bank. The CC limit is secured by stock held by FCI and also guaranteed by Government of India. The CC limit as on 31.12.2020 stood at Rs.9,495 crore. The rate of interest applicable on Cash Credit Account was 7.78% p.a. (w.e.f. 01.10.2020) which was reduced to 7.74% w.e.f. 01.01.2021. The detail of CCL sanctioned and interest rate is as under:-</p>
<table border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="179" valign="top">
<p><strong>As   on</strong></p>
</td>
<td width="198" valign="top">
<p><strong>Sanctioned</strong></p>
<p><strong>(Rs In Crore)</strong></p>
</td>
<td width="217" valign="top">
<p><strong>Rate of Interest(%)</strong></p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2014</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>54,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>10.79</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2015</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>54,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>10.73</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2016</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>54,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>10.01</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2017</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>9,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>10.01</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2018</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>8,995.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>8.66</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2019</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>8,995.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>9.15</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>31-03-2020</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>8,995.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>8.61</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>01-07-2020</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>9,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>8.00</p>
</td>
</tr>
<tr>
<td width="179" valign="top">
<p>01-10-2020</p>
</td>
<td style="text-align: right;" width="198" valign="top">
<p>9,495.00</p>
</td>
<td style="text-align: center;" width="217" valign="top">
<p>7.78</p>
</td>
</tr>
<tr>
<td width="179" valign="top">01-01-2021</td>
<td style="text-align: right;" width="198" valign="top">9,495.00</td>
<td style="text-align: center;" width="217" valign="top">7.74</td>
</tr>
</tbody>
</table>
<p><strong>Note: - CCL rate given upto 2019-20 is effective as on 31<sup>st</sup> March of each year. The same is reset at the beginning of every quarter.</strong></p>
<p><strong><br />Bonds :</strong></p>
<p>The working capital requirement of FCI which consists of value of stock held and arrear subsidy due from GoI has increased substantially over years without any corresponding increase in paid up capital. Thus Government of India has permitted FCI to mobilize funds by issuing government guaranteed bonds from time to time. The position of outstanding bonds as on 31.12.2020 is as under:-</p>
<table border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="104">
<p><strong>Series</strong></p>
</td>
<td width="104">
<p><strong>Date of Allotment</strong></p>
</td>
<td width="104">
<p><strong>Tenure</strong></p>
</td>
<td width="104">
<p><strong>Coupon Rate(%)</strong></p>
</td>
<td width="104">
<p><strong>Date of Redemption</strong></p>
</td>
<td width="104">
<p><strong>Outstanding Bonds as on date </strong></p>
</td>
</tr>
<tr>
<td rowspan="3" width="104">
<p>V</p>
</td>
<td width="104">
<p>22-Mar-13</p>
</td>
<td width="104">
<p>10 years</p>
</td>
<td width="104">
<p>8.62</p>
</td>
<td width="104">
<p>22-Mar-23</p>
</td>
<td style="text-align: right;" width="104">
<p>300</p>
</td>
</tr>
<tr>
<td width="104">
<p>22-Mar-13</p>
</td>
<td width="104">
<p>15 Years</p>
</td>
<td width="104">
<p>8.8</p>
</td>
<td width="104">
<p>22-Mar-28</p>
</td>
<td style="text-align: right;" width="104">
<p>4,700.00</p>
</td>
</tr>
<tr>
<td colspan="3" width="311" valign="top">
<p><strong>Sub Total:</strong></p>
</td>
<td width="104" valign="top">
<p>&nbsp;</p>
</td>
<td style="text-align: right;" width="104">
<p><strong>5000.00</strong></p>
</td>
</tr>
<tr>
<td width="104">
<p>VI</p>
</td>
<td width="104">
<p>07-Mar-14</p>
</td>
<td width="104">
<p>8 Years</p>
</td>
<td width="104">
<p>9.95</p>
</td>
<td width="104">
<p>07-Mar-22</p>
</td>
<td style="text-align: right;" width="104">
<p>8,000.00</p>
</td>
</tr>
<tr>
<td width="104">
<p>VII</p>
</td>
<td width="104">
<p>01-Mar-19</p>
</td>
<td width="104">
<p>10 Years</p>
</td>
<td width="104">
<p>8.95</p>
</td>
<td width="104">
<p>01-Mar-29</p>
</td>
<td style="text-align: right;" width="104">
<p>2,737.70</p>
</td>
</tr>
<tr>
<td width="104">
<p>VII A</p>
</td>
<td width="104">
<p>09-Jan-20</p>
</td>
<td width="104">
<p>10 Years</p>
</td>
<td width="104">
<p>7.6</p>
</td>
<td width="104">
<p>09-Jan-30</p>
</td>
<td style="text-align: right;" width="104">
<p>5,262.30</p>
</td>
</tr>
<tr>
<td width="104">
<p>VIII</p>
</td>
<td width="104">
<p>12-Dec-19</p>
</td>
<td width="104">
<p>10 Years</p>
</td>
<td width="104">
<p>7.64</p>
</td>
<td width="104">
<p>12-Dec-29</p>
</td>
<td style="text-align: right;" width="104">
<p>8,000.00</p>
</td>
</tr>
<tr>
<td width="104">
<p>IX</p>
</td>
<td width="104">
<p>23-Oct-20</p>
</td>
<td width="104">
<p>10 Years</p>
</td>
<td width="104">
<p>6.65</p>
</td>
<td width="104">
<p>23-Oct-30</p>
</td>
<td style="text-align: right;" width="104">
<p>8,000.00</p>
</td>
</tr>
<tr>
<td colspan="5" width="518" valign="top">
<p><strong>Total</strong></p>
</td>
<td style="text-align: right;" width="104" valign="bottom">
<p><strong>37000.00</strong></p>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p><strong>NSSF Loan</strong></p>
<p><span>The NSSF Loans are sanctioned to FCI every year since the year 2016-17 in lieu of food subsidy and are off-balance sheet expenditure of the Government. These loans are for a period of 5 years and to be repaid on equal annual instalments. The details of NSSF loans provided to FCI since 2016-17 is as under:-</span></p>
<p><strong>&nbsp;</strong></p>
<table style="width: 100%;" border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td colspan="4" width="84%">
<p style="text-align: center;"><strong>Status of NSSF Loan by GOI:</strong><strong>&nbsp;</strong></p>
</td>
<td width="15%">
<p style="text-align: right;"><strong>Rs in Crore</strong></p>
</td>
</tr>
<tr>
<td width="20%">
<p><strong>Year</strong></p>
</td>
<td width="20%">
<p><strong>Loan Amount</strong></p>
</td>
<td width="20%">
<p><strong>Repayment done as on&nbsp; date</strong></p>
</td>
<td width="22%">
<p><strong>Outstanding as on 31.12.2020</strong></p>
</td>
<td width="15%">
<p><strong>Rate of Interest</strong></p>
</td>
</tr>
<tr>
<td width="20%">
<p>2016-17</p>
</td>
<td style="text-align: right;" width="20%">
<p>70,000.00</p>
</td>
<td style="text-align: right;" width="20%">
<p>42,000.00</p>
</td>
<td style="text-align: right;" width="22%" valign="bottom">
<p>28,000.00</p>
</td>
<td width="15%">
<p>8.80%</p>
</td>
</tr>
<tr>
<td width="20%">
<p>2017-18</p>
</td>
<td style="text-align: right;" width="20%">
<p>65,000.00</p>
</td>
<td style="text-align: right;" width="20%">
<p>26,000.00</p>
</td>
<td style="text-align: right;" width="22%" valign="bottom">
<p>39,000.00</p>
</td>
<td width="15%">
<p>8.40%</p>
</td>
</tr>
<tr>
<td width="20%">
<p>2018-19</p>
</td>
<td style="text-align: right;" width="20%">
<p>97,000.00</p>
</td>
<td style="text-align: right;" width="20%">
<p>19,400.00</p>
</td>
<td style="text-align: right;" width="22%" valign="bottom">
<p>77,600.00</p>
</td>
<td width="15%">
<p>8.52%</p>
</td>
</tr>
<tr>
<td width="20%">
<p>2019-20</p>
</td>
<td style="text-align: right;" width="20%">
<p>1,10,000.00</p>
</td>
<td style="text-align: right;" width="20%">
<p>-</p>
</td>
<td style="text-align: right;" width="22%" valign="bottom">
<p>1,10,000.00</p>
</td>
<td width="15%">
<p>8.50%</p>
</td>
</tr>
<tr>
<td width="20%">
<p>2020-21(till 31.12.2020)</p>
</td>
<td style="text-align: right;" width="20%">
<p>46,063.79</p>
</td>
<td style="text-align: right;" width="20%">
<p>-</p>
</td>
<td style="text-align: right;" width="22%">
<p>46,063.79</p>
</td>
<td width="15%">
<p>7.40%</p>
</td>
</tr>
<tr>
<td width="20%" valign="bottom">
<p><strong>Total</strong></p>
</td>
<td style="text-align: right;" width="20%" valign="bottom">
<p><strong><strong>3,88,063.79</strong></strong></p>
</td>
<td style="text-align: right;" width="20%" valign="bottom">
<p><strong>87,400.00</strong></p>
</td>
<td style="text-align: right;" width="22%" valign="bottom">
<p><strong><strong><span lang="EN-US">3,00,663.79</span></strong></strong></p>
</td>
<td width="15%" valign="bottom">
<p><strong>&nbsp;</strong></p>
</td>
</tr>
</tbody>
</table>
<p><strong>WMA :</strong></p>
<p>To provide temporary working capital to the Corporation, the Government of India releases WMA to FCI. These advances are released during the year and repayable/recovered out of the subsidy allocation/NSSF Allocation for the year towards the end of the financial year. Interest rate of this loan is at par with 364 days T Bills. The year wise detail of WMA sanctioned limit and released to FCI is as under:-</p>
<table border="1" cellspacing="0" cellpadding="0" width="595">
<tbody>
<tr>
<td width="191" valign="top">
<p>&nbsp;</p>
<p><strong><span style="text-decoration: underline;">Financial year</span></strong></p>
</td>
<td width="187" valign="top">
<p>&nbsp;</p>
<p><strong><span style="text-decoration: underline;">Sanctioned WMA Limit</span></strong></p>
<p><strong><span style="text-decoration: underline;">(Rs in Crore)</span></strong></p>
</td>
<td width="217" valign="top">
<p>&nbsp;</p>
<p><strong><span style="text-decoration: underline;">Amount released</span></strong></p>
<p><strong><span style="text-decoration: underline;">( Rs in Crore)</span></strong></p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2013-14</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>-</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>10000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2014-15</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>-</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>10000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2015-16</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>20000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>20000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2016-17</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>50000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>23000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2017-18</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>50000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>50000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2018-19</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>50000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>12000</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2019-20</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>50000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>0</p>
</td>
</tr>
<tr>
<td width="191" valign="top">
<p>2020-21</p>
<p>(Upto 31.12.2020)</p>
</td>
<td style="text-align: right;" width="187" valign="top">
<p>50000</p>
</td>
<td style="text-align: right;" width="217" valign="top">
<p>10000</p>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p><strong>Short Term loan </strong></p>
<p>FCI takes short term loan to meet out cash flow mismatches and to provide temporary working capital to the Corporation. The corporation avails unsecured short term loans (STL) from scheduled commercial banks through E-procure portal. As present the Sanctioned limit is Rs. 75,000 crore. Details of sanctioned STL limit and outstanding STL of last few years is as under:-</p>
<p>&nbsp;</p>
<table style="width: 100%;" border="1" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td colspan="3" width="68%">
<p style="text-align: center;"><strong>Details of Short-Term Loans Availed</strong></p>
</td>
<td colspan="2" width="31%">
<p style="text-align: right;"><strong>Rs in Crore</strong></p>
</td>
</tr>
<tr>
<td rowspan="2" width="21%">
<p><strong>Date</strong></p>
</td>
<td rowspan="2" width="23%">
<p><strong>Sanctioned</strong></p>
<p><strong>STL Limit</strong></p>
</td>
<td rowspan="2" width="23%">
<p><strong>STL </strong></p>
<p><strong>Outstanding</strong></p>
</td>
<td colspan="2" width="31%">
<p><strong>Range of Interest Rate</strong></p>
</td>
</tr>
<tr>
<td width="15%">
<p><strong>Minimum</strong></p>
</td>
<td width="15%">
<p><strong>Maximum</strong></p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2013</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>20000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>13080</p>
</td>
<td width="15%" valign="bottom">
<p>10.20%</p>
</td>
<td width="15%" valign="bottom">
<p>10.75%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2014</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>20000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>16250</p>
</td>
<td width="15%" valign="bottom">
<p>9.95%</p>
</td>
<td width="15%" valign="bottom">
<p>10.25%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2015</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>40000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>28805</p>
</td>
<td width="15%" valign="bottom">
<p>9.65%</p>
</td>
<td width="15%" valign="bottom">
<p>10.25%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2016</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>40000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>26375</p>
</td>
<td width="15%" valign="bottom">
<p>9.20%</p>
</td>
<td width="15%" valign="bottom">
<p>10.00%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2017</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>40000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>38477</p>
</td>
<td width="15%" valign="bottom">
<p>7.85%</p>
</td>
<td width="15%" valign="bottom">
<p>9.65%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2018</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>50000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>47450</p>
</td>
<td width="15%" valign="bottom">
<p>7.35%</p>
</td>
<td width="15%" valign="bottom">
<p>8.66%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2019</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>50000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>41226</p>
</td>
<td width="15%" valign="bottom">
<p>7.45%</p>
</td>
<td width="15%" valign="bottom">
<p>8.66%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.03.2020</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>50000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>40700</p>
</td>
<td width="15%" valign="bottom">
<p>5.92%</p>
</td>
<td width="15%" valign="bottom">
<p>8.40%</p>
</td>
</tr>
<tr>
<td width="21%" valign="bottom">
<p>31.12.2020</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>75000</p>
</td>
<td style="text-align: right;" width="23%" valign="bottom">
<p>24650</p>
</td>
<td width="15%" valign="bottom">
<p>4.10%</p>
</td>
<td width="15%" valign="bottom">
<p>7.25%</p>
</td>
</tr>
</tbody>
</table>
<p><strong><a href="../../../finances.php?view=105" target="_blank">Disclosures<br /></a></strong><span><a href="../../../finances.php?view=75" target="_blank">Bonds Investors Information</a></span></p>