What is the role of FCI in India?

What is the role of FCI? FCI plays an important role in maintaining food security. It includes maintaining a reasonable price to ensure people from all classes are able to buy them, purchasing grains from farmers who have a surplus at a standardized price in order to avoid mismanagement.

Who controls food supply in India?

The Ministry of Consumer Affairs, Food and Public Distribution is a government ministry of India. The ministry is headed by a Cabinet rank minister. 205,765 crore (US$26 billion) (2023-24 est.)

What is the mission of the FCI?

Mission: Following are the missions of FCI: Efficient procurement, storage, and distribution of food grains at the Minimum Support Price (MSP). Ensure the availability of food grains and sugar through appropriate policy instruments, including the maintenance of food grain buffer stocks.

What is the Food Commission of India?

The Food Corporation of India was setup under the Food Corporation's Act 1964 , in order to fulfill following objectives of the Food Policy: Effective price support operations for safeguarding the interests of the farmers. Distribution of foodgrains throughout the country for public distribution system.

What is the food security Corporation of India?

The Food Corporation of India (FCI) is a statutory body created and run by the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 by the Parliament of India.

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