The Union Cabinet, led by Prime Minister Narendra Modi, has approved an equity infusion of ₹10,700 crore for the Food Corporation of India (FCI) for the financial year 2024-25. This strategic move aims to enhance FCI's operational and financial capacities, thereby supporting the agricultural sector and ensuring the welfare of farmers nationwide. Since its establishment in 1964, FCI has seen its authorized capital and equity grow significantly, with the latest infusion expected to reduce reliance on short-term borrowings and lower the government's subsidy burden. FCI plays a crucial role in food security by procuring food grains at Minimum Support Prices (MSP), maintaining strategic reserves, and distributing grains. The government's commitment to both MSP-based procurement and strengthening FCI underscores its dedication to farmer welfare and agricultural stability in India. This infusion is part of a broader effort to fortify India's agrarian economy.