Economy, asked by Gagandeepsingh111, 1 year ago

prepare a case study on food corporation of India (FCI) and write its contribution in the procurement of food grains

Answers

Answered by Vamshikrishnareddy
5
The Food Corporation of India procures rice and wheat from farmers through many routes like paddy purchase centres/mill levy/custom milling and stores them in depots. FCI maintains many types of depots like food storage depots and buffer storage complexes and private equity godowns and also implemented latest storage methods of silo storage facilities which are located at Hapur in Uttar Pradesh and Elavur in Tamil Nadu. The stocks are transported throughout India and issued to the state government nominees at the rates declared by the Government of India for further distribution under the Public Distribution System (PDS) for the consumption of the ration card holders. (FCI itself does not directly distribute any stock under PDS, and its operations end at the exit of the stock from its depots). The difference between the purchase price and sale price, along with internal costs, are reimbursed by the Union Government in the form of food subsidy. At present the annual subsidy is around $10 billion. FCI by itself is not a decision-making authority; it does not decide anything about the MSP, imports or exports. It just implements the decisions made by the Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Agriculture.
Answered by ksingh90220
2

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