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.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offersBecome A Member
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Food credit doubles in the first two months of new financial year on robust wheat procurement
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