Food Corporation India
- January 15, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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