Food credit doubles in the first two months of new financial year on robust wheat procurement

This surge in credit demand is directly linked to an upswing in wheat procurement. As per the Food Ministry, wheat procurement in the ongoing 2025–26 marketing season has risen by over 16%, touching 30.98 million tonnes—up 4.38 million tonnes from the previous year.

By Sapna Das   June 23, 2025, 1:41:20 PM IST (Updated)

Food credit disbursed by banks has seen a spike in FY26, driven by robust wheat procurement by the Food Corporation of India (FCI) and state agencies.

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