explain functions of food corporation of india(FCI).
Answers
The Food Corporation of India was set up to fulfill the following objectives of the National Food Policy
(i) Effective price support operations for safeguarding the interests of the farmers by providing them remunerative prices for their food grains.
(ii) Distribution of food grains throughout the country through the Public Distribution System.
(iii) Maintaining a satisfactory level of operational and buffer stocks of food grains to ensure National Food Security.
(iv) Intervention in the food grains market when required for price stabilisation.
In its 48 years of operation, FCI has played a significant role in India’s success in transforming the crisis ' management-oriented food security into a stable food
security system.
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The FCI purchase grains from farmers of state of surplus production.
Farmers are paid a pre announced price for their crops.
This price is called MSP.
The MSP is declared by the government every year before the sowing season.
The purchased grains are stored in granaries.
The food procured by FCI is distributed to poor people through government ration shop.