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The Food Corporation of India was setup under the Food Corporation Act 1964, in order to fulfill following objectives of the Food Policy :

  • 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

FCI's Objectives are:

  • To provide farmers remunerative prices

  • To make food grains available at reasonable prices, particularly to vulnerable section of the society

  • To maintain buffer stocks as measure of Food Security

  • To intervene in market for price stabilization

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14y ago

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