FCI Full Form | What is the Full Form of FCI




FCI Full Form - Food Corporation of India

 Full Form of FCI

Full Form of FCI

  • FCI stands for Food Corporation of India.
  • It's a government body in India that deals with the acquisition, sale and distribution of food grains across the country.
  • Its vision is to make sure food security for citizens of the country.
  • It operates through 5 zonal offices and a head office located at Delhi.
  • As of May 2017, Sh. YogendraTripathi is that the Chairman and director of FCI.

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Mission

  • Procurement at Minimum Support Price (MSP) to make sure adequate food grains production by the farmers.
  • Ensure food grains and sugar availability through appropriate policies and buffer stocks.
  • Making food grains accessible at reasonable prices through Public Distribution Shop (PDS) especially for the economically weaker sections of the society.
Food Corporation of India

Food Corporation of India

  • It was found out on 14 January 1965 under the Food Corporation's Act 1964 to satisfy the following objectives of the Food Policy.
    • Price support operations to safeguard the interests of farmers.
    • Uniform distribution of food grains throughout the country through effective public distribution system
    • Maintain the specified level of stocks of food grains to make sure National Food Security
  • FCI is believed to be the most important supply chain management in Asia.
  • The key products of this organization are Wheat and Rice. Every year, it purchases around 15-20 percent of India's total wheat production and around 12-15 percent of India's total rice production.
  • After the acquisition, it supplies the food grains to the stock depots of various states in order that card holders can purchase wheat and rice at a minimal price.
  • If FCI suffers any loss, the Union government is meant to reimburse the losses. Since its inception, FCI successfully handled various situations of scarcity and abundance of food grains.
  • It's played an important role in transforming India from a food deficit country to a self-sufficient country in food.


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