(a) whether Food Corporation of India provides bank guarantee on per quintal of rice to such exporters to whom rice is sold by it for the purposes of exports; and
(b) if so, the details of various kinds of bank guarantees given by the exporters since
April, 2001 till date?
THE MINISTER OF STATE IN THE MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION ( SHRI ASHOK PRADHAN )
(a): No, Sir. Exporters offer Bank Guarantee to the Food Corporation of India (FCI) which is
encashed by FCI in the event of any default on the part of the exporter in actually exporting
the quantity lifted from FCI.
(b): The exporters provide default guarantees, as described in reply to (a) above.