Role Of Food Corporation Of India In Indian Economy

hii sir, I wants to know about the role of the Food Corporation Of India in the Indian Economy ? will you please tell me ?

[Shaleen]

Food Corporation of India was set up on 14 January 1965 having its first District Office at Thanjavur - rice bowl of Tamil Nadu

the Basin role of the Food Corporation Of India

Effective price support operations for safeguarding the interests of the farmers
Distribution of foodgrains throughout the country for Public Distribution System
Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security
Regulate market price to provide foodgrains to consumers at a reliable price


Human resources :
Food Corporation of India has the following categories of employees:

Category-I -Designation - Assistant General Manager, Deputy General Manager, General Manager, Executive Director
Category-II -Designation - Manager
Category-III - Assistant Grade-I, Assistant Grade-II, Assistant Grade-III
Category-IV - Dusting operator, Watch man and Picker etc.

Operation :

The stocks are transported throughout India and issued to the State Government nominees at the rates declared by the Government of India for further distribution under the Public Distribution System (PDS) for the consumption of the ration card holders. (FCI itself does not directly distribute any stock under PDS, and its operations end at the exit of the stock from its depots).

The difference between the purchase price and sale price, along with internal costs, are reimbursed by the Union Government in the form of food subsidy
.
At present the annual subsidy is around $10 billion. FCI by itself is not a decision-making authority; it does not decide anything about the MSP, imports or exports. It just implements the decisions made by the Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Agriculture.