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 __________ provide food storage facility in India
  • a)
    IDBI
  • b)
    FCI
  • c)
    ICICI
  • d)
    IFCI 
Correct answer is option 'B'. Can you explain this answer?
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__________ provide food storage facility in Indiaa)IDBIb)FCIc)ICICId)I...
Food Corporation of India (FCI) - Providing Food Storage Facility in India

The Food Corporation of India (FCI) is the nodal agency responsible for ensuring food security in India. It was established in 1965 and operates under the administrative control of the Ministry of Consumer Affairs, Food and Public Distribution. FCI plays a crucial role in procuring, storing, and distributing food grains across the country.

Role of FCI in Food Storage Facility

1. Procurement of Food Grains: FCI procures food grains such as wheat and rice from farmers at the minimum support price (MSP) declared by the government. This procurement is done to maintain buffer stocks and ensure price stability in the market.

2. Storage of Food Grains: FCI operates a vast network of storage facilities across the country to store the procured food grains. These storage facilities are equipped with modern infrastructure such as scientific storage godowns, silos, and warehouses. The FCI ensures that the food grains are stored in a safe and hygienic manner to prevent spoilage and pilferage.

3. Maintenance of Buffer Stocks: FCI maintains buffer stocks of food grains to meet any unforeseen emergencies like drought, floods, or other natural disasters. These buffer stocks act as a strategic reserve to ensure food security during times of crisis.

4. Movement and Distribution: FCI is responsible for the movement and distribution of food grains from the storage facilities to various distribution centers across the country. It coordinates with state governments and other agencies to ensure timely and efficient delivery of food grains to the intended beneficiaries.

5. Public Distribution System (PDS): FCI plays a vital role in the implementation of the Public Distribution System (PDS) in India. It supplies food grains to state governments at subsidized rates, which are then distributed to eligible beneficiaries through fair price shops.

Conclusion:

Food Corporation of India (FCI) is the primary agency responsible for providing food storage facilities in India. It procures food grains, maintains buffer stocks, and ensures their safe storage and distribution. FCI's efforts contribute significantly to food security in the country, ensuring that adequate food supplies reach the vulnerable sections of society.
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__________ provide food storage facility in Indiaa)IDBIb)FCIc)ICICId)IFCICorrect answer is option 'B'. Can you explain this answer?
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