<h1>Government Approves Rs. 10,700 Crore Equity Infusion into FCI to Boost Food Security and Support Farmers.</h1> The Cabinet Committee on Economic Affairs has approved an equity infusion of Rs. 10,700 crore into the Food Corporation of India (FCI) for the fiscal year 2024-25 by converting Ways and Means Advances into equity. This move aims to support the agricultural sector and enhance food security by strengthening FCI's financial position. The infusion will reduce FCI's reliance on short-term borrowings, decrease the government's subsidy burden, and reinforce FCI's role in procuring food grains at Minimum Support Prices, maintaining strategic stocks, and stabilizing market prices. This decision underscores the government's commitment to supporting farmers and the agrarian economy.