Question

some imformation about FCI

Answer 1

The Food Corporation of India is an organization created and run by the Government of India.

The Food Corporation of India (FCI) was set up on 14 January 1965 having its first District Office at Thanjavur – rice bowl of Tamil Nadu– and headquarters at Chennai (The Headquarters later shifted to Delhi) under the Food Corporations Act 1964 to implement the following objectives of the National Food Policy :

Effective price support operations for safeguarding the interests of the poor farmersDistribution of foodgrains throughout the country for Public Distribution SystemMaintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food SecurityRegulate market price to provide foodgrains to consumers at a reliable price
It is one of the largest corporations in India and probably the largest supply chain management in Asia (Second in world ) .[citation needed] It operates through 10 Zonal offices and 24 Regional offices. Each year, the Food Corporation of India purchases roughly 15 to 20 per cent of India's wheat output and 12 to 15 per cent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India. This rate is called as MSP (Minimum Support Price). There is no limit for procurement in terms of volume, any quantity can be procured by FCI(Food Corporation of India) provided the stock satisfies FAQ (Fair Average Quality) specifications with respect to FCI

Answer 2

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$<b>$* The FCI purchase grains from farmers of state of surplus production.

* Farmers are paid pre-announced price for their crops.

* This price is called M.S.P.

* The MSP is declared by government every year before sowing season.

* The purchased food grains are stored in granaries.

* The food procured by FCI is distributed poor people through government ration shop.

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