About FCI

• The Food Corporation of India (FCI) is a statutory corporation under the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. 
• It was setup in 1965 under the Food Corporation’s Act 1964 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 and 
  • Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure national food security. 
• FCI’s foremost priority is to ensure food security for the nation by effectively managing the procurement, storage, and distribution of essential commodities, thereby providing a reliable and sufficient food supply to meet the needs of the population.

Why in News?

• FCI has started procurement of paddy in Punjab.