Agricultural marketing
FOOD CORPORATION OF INDIA
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II-Year-II-Sem Agri-Marketing ANGRAU 20.04.2020
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FOOD CORPORATION OF INDIA
An efficient management of the food economy with a view to ensuring an equitable distribution of grains of food grains at reasonable prices to the vulnerable sections of society is essential in the present socio-economic environment of the country. The government felt the necessity of an organization which can act as its main agency for handling food grains., acquire a commanding position in the food grain trade as a countervailing force to the speculative activities of private trades and, at the same time, work on commercial lines. Towards the end of 1964, Parliament decided to transfer the government’s function of trading in food grains to the public sector. Legislation was enacted; and the food corporation India (FCI)WAS BORN ON January 1,1965. Food Corporation of India was setup on 14th January 1965 under Food Corporations Act 1964 to implement the following objectives of the National Food Policy : i. Effective price support operations for safeguarding the interests of the farmers ii. Distribution of foodgrains throughout the country for Public Distribution System iii. Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security It is the largest Corporation in India and probably the largest supply chain management in Asia. It operates through 5 zonal offices and 24 regional offices. Each year, the Food Corporation of India purchases roughly 15-20 per cent of India's wheat output and 12-15 per cent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India. The Food Corporation of India initially operated in the southern part of the country. Later, it extended its services throughout the country. Today, the FCI is unrivalled food marketing agency, serving the interest of both the farmers and consumers. Its market operations prevent the speculative trader from acting against the interests of the farmers by assuring him a remunerative price for his produce, it ensures a prompt and uninterrupted supply of food grains to the vulnerable sections of the society all over the country. Operationally the FCI reaches the remotest corners of the country through its vast network of offices and storage centers. Financially, it is one of the largest public sector undertakings, with an annual turnover of over Rs.25400 crores. Download 402.85 Kb. Do'stlaringiz bilan baham: |
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