What is Buffer Stock? Why is it created?
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(i) A buffer stock of food grains is created by the government, so that it can be distributed in food deficit areas and among the poorer strata of society at a price much lower than the market price.
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A buffer stock of food grains is created by the government, so that it can be distributed in food deficit areas and among the poorer strata of society at a price much lower than the market price....
The purchased foodgrains are stored in granaries. (ii) Thus, buffer stock is created by the government to distribute these foodgrains in the deficit areas and among the poorer strata of society at a price lower than the market price....
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