Food Corporation India

Food Corporation India

Context: 5 Sutras to improve FCI’s progress

Concept:

• Food Corporation of India (FCI) is a Public Sector Undertaking, under the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution.
• FCI is a statutory body set up in 1965 under the Food Corporations Act 1964. It was established against the backdrop of major shortage of grains, especially wheat.
• It has primary duty to undertake purchase, store, and move/transport, distribute and sell food grains and other foodstuffs.
• The Food Corporation of India was setup under the Food Corporation’s Act 1964 , in order to fulfill following objectives of the Food Policy:

• Effective price support operations for safeguarding the interests of the farmers.
• Distribution of foodgrains throughout the country for public distribution system.
• Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security

Since its inception, FCI has played a significant role in India’s success in transforming the crisis management oriented food security into a stable security system.

In its 50 years of service to the nation, FCI has played a significant role in India’s success in transforming the crisis management oriented food security into a stable security system. FCI’s Objectives are:

• To provide farmers remunerative prices
• To make food grains available at reasonable prices, particularly to vulnerable section of the society
• To maintain buffer stocks as measure of Food Security
• To intervene in market for price stabilization