FOOD CORPORATION OF INDIA
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Context
- In a bid to revamp India’s wheat storage infrastructure and reduce the overall wastage, the Food Corporation of India (FCI) will soon start the bidding of 249 storage silos at 249 locations.
About
- The Food Corporation of India (FCI) is a statutory corporation.
- It is under the jurisdiction of Ministry of Consumer Affairs, Food and Public Distribution, formed in Food Corporation Act, 1964.
- Its top official is designated as Chairman who is a central government civil servant of the IAS cadre. It was set up in 1965.
Mandate
- Effective price support operations for safeguarding the interests of the poor farmers.
- Distribution of foodgrains throughout the country for Public Distribution System (PDS).
- Maintaining a satisfactory level of operational and buffer stocks of food grains to ensure National Food Security.
- Regulate market price to provide foodgrains to consumers at a reliable price.
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