Food Corporation of India – UPSC Prelims

  • It is a statutory non-profit organization founded and run by Government of India and state Governments.
  • It was created in 1965 under Food Corporations Act 1964, to implement objectives of National Food Policy.
  • Initially headquartered at Chennai it was later shifted to New Delhi.
  • As it is a state-owned enterprise, it has presence in every state in India.
  • FCI Objectives :
    • Safeguarding farmers interests by providing them remunerative prices.
    • Making food grains available at reasonable prices throughout the country (for public distribution system), particularly for vulnerable section of society.
    • Intervening in market for price stabilization.
    • Maintaining buffer stocks as a measure of Food Security.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top