What are the advantages of the Food Corporation Of India?
The Food Corporation of India was setup under the Food Corporation 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 ; and Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security. In its 40 years of service to the nation , FCI has played a significant role in India’s success in transforming the crisis management oriented food security into a stable security system. 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, F
