1.9. Food Corporation of India (FCI)

FCI is a statutory organisation set up in 1965 under Food Corporation Act 1964. It is the main agency providing foodgrains to the PDS. Its primary duty is to undertake the purchase, storage, movement, transport, distribution and sale of food grains and other foodstuffs. FCI is mandated with three basic objectives:

1. to provide effective price support to the farmers, also, it ensures that the farmers are getting the announced remunerative prices and the consumers are getting food grains at the uniform price fixed by the Government.

2. to procure and supply grains to PDS for distributing subsidized staples to economically vulnerable sections of society.

3. keep a strategic reserve to stabilize market (for basic food grains).