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The Food Corporation of India was setup under the Food Corporation's Act
1964 , in order to fulfill following objectives of the Food Policy:
1. Effective price support operations for safeguarding the interests of the
2. Distribution of food grains throughout the country for public
3. Maintaining satisfactory level of operational and buffer stocks of food
grains to ensure National Food Security
4. Regulate market price to provide food grains to consumers at a reliable
Since its inception, FCI has played a significant role in India's success in
transforming the crisis management oriented food security into a stable
1. To provide farmers remunerative prices
2. To make food grains available at reasonable prices,
particularly to vulnerable section of the society.
3.To maintain buffer stocks as measure of Food Security
4.To intervene in market for price stabilization
It is the duty of FCI India to create various warehouses for the storage of the food grains.
Food corporation of India is providing food grains in a wider range covering all the sections
of the society at an affordable price. FCI India is running the following functions:-
It entirely focuses
on supporting the
food grains to
large number of
public in a more
well and efficient
way for today and
Food is the basic
It comes under the
of India Functions
to preserve and
store the large
quantity of food
spreading it over
the large and vast
To arrange the
•It is the function of FCI India to distribute and supply food grains through
rations shops which comes under Food corporation of India act.
• Food corporation of India Functions for the betterment of the society
considering large masses.
•Food corporation of India Functions the sale of food grains and its movement
mainly depends on the rail being a deficit country.
Movement plays a very important role in the working of FCI as well as in fulfilling the objectives
of Food Policy and National Food Security Act.
FCI undertakes movement of food grains in order to :
•Evacuate stocks from surplus regions
•Meet the requirements of deficit regions
•Create buffer stocks in deficit regions
•The FCI pays the farmers at a price that is already fixed by the government
which is called Minimum Support Price(MSP). MSP is announced by the
government every year before the sowing season. Therefore, the
announcement of the price helps farmers to plan their agricultural activity
and increase production.
•The FCI pays the farmers at a price that is already fixed by the government which is called
Minimum Support Price(MSP). MSP is announced by the government every year before the
sowing season. Therefore, the announcement of the price helps farmers to plan their
agricultural activity and increase production.
Paddy Wheat Jowar
Bajra Ragi Maize Barley
Common Grade 'A'
2010-11 1000 1030 1100 900 880 880 965 880 750
2011-12 1080 1110 Rs.1120/-
1000 980 980 1050 980 780
2012-13 1250 1280 1285 1520 1500 1175 1500 1175 980
2013-14 1310 1345 1350 1520 1500 1250 1500 1310 980
2014-15 1360 1400 1400 1550 1530 1250 1550 1310 1100
2015-16 1410 1450 1450 1590 1570 1275 1650 1325 1150
2016-17 1525 1225
Minimum Support Price of Wheat and Paddy:
[Rs. Per Quintal]
The Government policy of procurement of Food grains has broad objectives of
ensuring MSP to the farmers and availability of food grains to the weaker sections at
affordable prices. It also ensures effective market intervention thereby keeping the prices
under check and also adding to the overall food security of the country.
Government agencies undertake MSP operation at mandis/ temporary purchase
centres/aggregation points. Location and number of purchase centres to be opened are decided in
consultation with /by the State governments.
- FCI undertakes
b) Levy rice.
procured by the
S.No. State W.e.f S.No. State W.e.f
1. Andaman & Nicobar 2003-04 12. Bihar 2014-15
2. Andhra Pradesh 2012-13 13. Chhattisgarh 2001-02
3. Bihar 2013-14 14. Gujarat 2004-05
4. Chhattisgarh 2001-02 15. Madhya Pradesh 1999-2000
5. Karnataka 2002-03 16. Rajasthan(1 revenue district
6. Kerala 2004-05 17. Uttarakhand 2003-04
7. Madhya Pradesh 2007-08 18. West Bengal 2010-11
8. Odisha 2003-04 19. Punjab (to the extent of its
requirement of 8.69 LMT)
9. Tamilnadu 2002-03
10. Telangana 2013-14
10. Uttarakhand 2002-03
11. West Bengal 1997-98
The storage function assumes paramount importance in organization such as Food Corporation
of India because of its requirement to hold huge inventory of foodgrains over a significant
period of time. Storage plan of FCI is primarily to meet the storage requirement for holding
stocks to meet the requirements of Public Distribution System and Other Welfare Schemes
undertaken by the Government of India.
New Godowns are being constructed by FCI mainly through Private Participation under
Private Entrepreneurs Guarantee Scheme. FCI is also augmenting and modernizing its storage
capacity in the form of silos through Public Private Partnership
As on Capacity with FCI Storage Capacity
01-04-2011 512268 38182 897450
01-04-2012 512268 476440 988708
01-04-2013 512268 465594 977862
01-04-2014 512268 328646 840914
01-04-2015 512268 332409 844677
The functions of Finance and Accounts division is primarily maintenance of
Accounts and preparation of annual reports, preparation of Budget Estimates, claim
subsidy from Government of India, Funds Management, Taxation, Debt collection and
Financial evaluation of commercial proposals.
Year Subsidy (Rs.in crore) Sales Proceed (Rs. in
Total turnover (Rs. in
2011-12 68,697 26,686 95,383
2012-13 80,563 39,849 1,20,412
2013-14 89,492 38,357 1,27,849
2014-15(RE) 1,02,476 31,527 1,34,003