Elucidate the main functions of the Food Corporation of India (FCI)

CBSE Class 9 CBSE Class 9 Social Science
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Elucidate the main functions of the Food Corporation of India (FCI).

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The Food Corporation of India was set up to fulfil the following objectives of the National Food Policy:

  1. Effective price support operations for safeguarding the interests of the farmers by providing them remunerative prices for their foodgrains. This price is called ‘Minimum Support Price’ (MSP) which is declared by the government every year before the sowing season to encourage the farmers for raising the production.

  2. Distribution of foodgrains throughout the country through the Public Distribution System (PDS). Ration shops are now present in most localities.

  3. Maintaining a satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.

  4. Intervention in the foodgrains market when required for price stabilisation.

  5. To provide food security to BPL, it sells essential food materials at issue price.

  6. FCI has played a significant role in establishing a stable food security system.

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