Explanation:
The buffer stock of food grains is maintained by the government to ensure food security and stabilize prices in the market. The government procures food grains through the Food Corporation of India (FCI). The FCI is a government agency responsible for procuring, storing, and distributing food grains across the country.
Here is a detailed explanation of the options mentioned:
A: IFCI
- IFCI stands for Industrial Finance Corporation of India.
- IFCI is a financial institution that provides long-term financial assistance to industrial projects.
- It is not involved in the procurement of food grains for buffer stock.
B: FCI
- FCI stands for Food Corporation of India.
- FCI is a government agency responsible for procuring, storing, and distributing food grains.
- It plays a crucial role in maintaining the buffer stock of food grains.
C: IDBI
- IDBI stands for Industrial Development Bank of India.
- IDBI is a financial institution that provides financial assistance and development support to various industries.
- It is not involved in the procurement of food grains for buffer stock.
D: FICCI
- FICCI stands for Federation of Indian Chambers of Commerce and Industry.
- FICCI is an industry association that represents the interests of Indian businesses and industries.
- It is not involved in the procurement of food grains for buffer stock.
Therefore, the correct answer is option B: FCI.

FCI (Food Corporation of India)

The Food Corporation of India (FCI) is responsible for the procurement, storage, and distribution of food grains in India. Buffer stock is the stock of food grains procured by the government through FCI.

Role of FCI in Buffer Stock

- FCI procures food grains from farmers at Minimum Support Price (MSP) to maintain buffer stock.
- The buffer stock is essential for stabilizing prices and ensuring food security in the country.
- FCI stores these food grains in various warehouses across the country.

Need for Buffer Stock

- Buffer stock helps in meeting emergencies like natural disasters, droughts, or crop failures.
- It also prevents price fluctuations in the market by releasing food grains when there is a shortage.

Benefits of Buffer Stock

- Ensures food security by maintaining sufficient food grains for distribution.
- Helps in stabilizing prices of essential commodities.
- Supports farmers by providing them with a guaranteed MSP for their produce.

Conclusion

Buffer stock managed by FCI plays a crucial role in ensuring food security and price stability in India. It is a vital tool in managing food grain procurement, storage, and distribution effectively.