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Table of Content

Posted 19 Feb 2024

Updated 22 Mar 2024

2 min read

  • Authorised capital is the amount of share capital which a company is authorised to issue by its Memorandum of Association (MoA). 
    • The company cannot raise more than the amount of capital as specified in the MoA.
    • Authorised capital is also called Nominal or Registered capital.
  • Enhanced authorised capital would help the Food Corporation of India (FCI) embark upon 
    • modernizing storage facilities, 
    • improving transportation networks,
    • and adopting advanced technologies.
  • Enhanced authorised capital and further infusion will also lessen the interest burden and affect the subsidy of Centre positively.
     
  • About FCI
    • Public sector undertaking under the Ministry of Consumer Affairs, Food and Public Distribution set up under the Food Corporation Act of 1964. 
    • Mandates
      • Undertake procurement of foodgrains at a minimum support price (MSP) to protect the interest of farmers.
      • Distribution of food grains throughout the country for public distribution system (PDS).
      • Maintain a satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.
    • Centre provides equity to the FCI for working capital requirements and the creation of capital assets.
      • FCI resorts to Cash Credit, short-term Loans, Ways & Means etc. to match the gap in fund requirements.
  • Tags :
  • FCI
  • minimum support price (MSP)
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