How has the buffer stock created by the government played a crucial role in food security ? Explain by giving examples
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Answer:
The Buffer Stocks created by the government has played an important role in food security. It is procured by the Food Corporation of India (FDI).
Explanation:
A standard price called Minimum Support Price is set by the Buffer Stock and farmers get a good price for the stock. Furthermore, the surplus grains are also distributed by the Public Distribution System at a very low price. This has proved to be an effective method to help the poor.
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It is procured by the food corporation of India, where the buffer stocks is created by the government that plays an important role in food security.
Explanation:
- A standard price is set by them which is termed as minimum support price in the process the farmers also get priced a handful amount for the stock. This process has ensured food security by helping the poor.
- It has led to the distribution of food grains in deficit areas at a lower cost than the market price. This has also helped to resolve the scarcity of food problems during calamity problems.
- It is an important strategy innovated by the government to store excess supplies for the purpose of stabilizing commodity prices.
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