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The Food Corporation of India was setup under the Food Corporation Act 1964,
in order to fulfill the following objectives :
To provide the
farmers remunerative prices
To make foodgrains
available at reasonable prices, particularly to the vulnerable sections of
society
To maintain buffer
stocks as a measure of Food Security
To intervene in the
market for price stablilisation
About FCI
The
Food Corporation of India was set up under the Food Corporation Act 1964 and
on 14th January, 2006, FCI completed 41 years of its existence. FCI was set
up to secure strategic position in food grains trade and implement the
National Policy for Price Support operations, procurement, storage,
inter-state movement and distribution operations, in short to operate the
Central Pool. Today, FCI is the country leader in food grains management and
is fully focused on helping farmers feed the country, better and more
efficiently, today and tomorrow.
Food constitutes the main requirement of every human being. In a
sub-continent like India where millions of mouths depend on Targeted Public
Distribution System (TPDS) and other welfare
schemes of Govt. of India, FCI, plays a leading role in making food grains
available to the extent of 30 lakh tones during a month, to respective State
Govts. for its distribution among beneficiaries. To
procure, store, preserve and move such a huge quantity of stocks spreading
over vast areas with its intricate network is, indeed, a nerve and
back-jerking task.
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