Write a short note on the following – Buffer stock, Minimum support price and Public distribution system
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BUFFER STOCK :- Buffer Stock is the stock of foodgrains , namely wheat and rice procured by the govt . through Food Corporation of India . The FCI purchases wheat and rice from the farmers . In states where there is surplus production . The farmers are paid a pre-announced price for their crops . The minimum support price is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of their crops .
MINIMUM SUPPORT PRICE :- The FCI purchases wheat and rice from the farmers in states where surplus production . The farmers are paid a pre-announced price for their crops . This price is called minimum support price .
PUBLIC DISTRIBUTION SYSTEM :- Under public distribution system or the PDS , the government has opened more than 4.6 lakhs ration shops all over the Country to distribute food grains and other essential goods to the poor people at reasonable rates .
MINIMUM SUPPORT PRICE :- The FCI purchases wheat and rice from the farmers in states where surplus production . The farmers are paid a pre-announced price for their crops . This price is called minimum support price .
PUBLIC DISTRIBUTION SYSTEM :- Under public distribution system or the PDS , the government has opened more than 4.6 lakhs ration shops all over the Country to distribute food grains and other essential goods to the poor people at reasonable rates .
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