Lok Sabha Question No. 247 (UNSTARRED), answered on 2019-11-19
Subject: Total Borrowing of FCI
Ministry: CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
Asked by: K. Shanmuga Sundaram

## GOVERiIME}IT OF INDIA

## MINISTRY  OF GONSUMER  AFFA!RS, FOOD &  pUBLtC  DISTRIBUTTON DEPARTMENT OF FOOD AilD PUBLIC DISTRTBUTION

## LOK SABHA

## UNSTARRED QUESTION NO. 247 TO BE ANSWERED  ON {gfi'NOVEMBER,2O{9

## TOTAL BORROWING OF FGI

## 247, SHRI SHANMUGASUNDARAM K.:

Will the Minister of GONSUMER AFFAIRS, FOOD AND  pUBLtC DISTRIBUTTON  sqtrt+dr rrril,  glqq  st{ Tr+dBH' Ffiwr d?t be pteased  to state:

- (a)  the total amount of procurement of wheat by the Food Gorporation of lndia (FCl) for public distribution  during  the last three yearc and the current yea4
- (b)  the 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 FC! for raising  the capita! of the Government, if so, the action taken so far and if not, the ieasons thereror; and
- (d)  the total borowings of FCI as on date and the amount of loan capital?

## ANSWER

## MINTSTER OF STATE FOR MTNISTRY OF CONSUMER  AFFATRS, FOOD & PUBLIG DISTRIBUTIOII (sHRr DAI{VE RAOSAHEB DADARAO)

(a): The details of Procurement of Wheat by Food Gorporation of lndia (FCt) & $tate Government and its agencies during last three yearc and current year is as unden

## (Flg. in LMT)

| Rabi Marketing Season(RMS)   | FCt   |   State Agencies |   Total |
|------------------------------|-------|------------------|---------|
| 2016-17                      | 30.47 |           199.14 |  229.61 |
| 2017-14                      | 36.09 |           272.15 |  304.24 |
| 20'18-{9                     | 42-59 |           315.36 |  357.95 |
| 2019-20                      | 40.37 |           300.95 |  341.32 |

## (b): The subsidy dues position for Iast four years is as under:

(Rs. In Crore)

| Year         | Opening Balance at ({ April)   | Subsidy claimed during the year   | Subsidy received during the year   | Closing Balance at (3{ March)   |
|--------------|--------------------------------|-----------------------------------|------------------------------------|---------------------------------|
| 2015.16      | 58,654                         | {,031383                          | 1r12rOOO                           | 5O,O37                          |
| 2016-17      | 5O,O37                         | I,OgTGOO                          | {r03,334.6{                        | 8{,302.39                       |
| 2017-14      | 8{,302.391                     | I,l6,50{l                         | 10{981.69                          | 1r35r821.7                      |
| 2Or8.r9 (RE) | 1,35,821.7                     | 1r25r198                          | r40098                             | 1r90r921.7                      |

The outstanding  subsidy due to  be released to  FGI (as on 3{.O3.2O19)  was Rs. 11901921.7 crores. For FY 2O19-2O,  Budget Estimate for FGI is Rs. lr5{rOOO  crores and Rs {1061000 crore has been released to FGI tit! {5.{1.2O19.

Funds for food subsidy are released to FGI in time as per the monthly expenditure plan/ quarterly expenditure plan. This Department has regularly  and timely released food subsidy to FG! as per budgetary allocation.

(c): FGI has requested to infuse equity capital against which, the Govemment has decided to increase the equity capital of FGI by Rs.S,OOO Grore and atso to provide Government of India Guarantee to FCI to raise tong term bonds of Rs.32rO0O Grore over a period of 4 years.

As against equity infusion  plan of Rs.SrOOO  Grore, the Government has atready released Rs.SOO Crore during the Financial Year 20{8'19. Release of  balance Rs.4rSOO Grore would be considered once the Authorised Gapita!  of FGI is enhanced from present level of Rs.3,SOO Crore to Rs.lOrOOO Grore. As regards bonds issue is concerned,  out of the planned borrowings of  Rs.32rOOO Grore' FG! has issued bonds of Rs.2r737.7O Grore during 20{8-19. Further, there is a plan to issue bonds of Rs.{3,262.3O  Crore during Financial Year 2O19-2O, Rs.8,OOO  Grore during2O2O-21 and Rs.SrOOO Grore during 2O21-22by FG|.

3t-

## (d): The total Borrowing  of FGI as on 3{.1O.20{9 is as unden-

| Particular                         | Borrowings Amt (in cr.)   |
|------------------------------------|---------------------------|
| Gash Gredit Limit (CCL)            | 71582.66                  |
| Short Term Loan (STL)              | 4,7OO.OO                  |
| National Small Saving Fund (ilssF) | l,9t,ooo.oo               |
| Bonds                              | 15t737,7O                 |
| Total                              | 2,19,O2O.36               |