What is the Full form of FCI?

FCI stands for "Food Corporation of India"

FCI represents the Food Corporation of India. It is an administration body in India that manages the buy, deal, and dissemination of food grains the nation over. Its vision is to guarantee food security for residents of the nation. It works through 5 zonal workplaces and an administrative center situated in Delhi. As of May 2017, Sh. Yogendra Tripathi is the Chairman and Managing Director of FCI.

The mission of FCI:

Acquisition at Minimum Support Price (MSP) to guarantee satisfactory food grains creation by the ranchers.

Guarantee food grains and sugar accessibility through fitting strategies and support stocks.

Making food grains available at sensible costs through Public Distribution Shop (PDS) particularly for the financially more vulnerable areas of the general public.

It was set up on 14 January 1965 under the Food Corporations Act 1964 to satisfy the accompanying targets of the Food Policy.

Value upholds tasks to shield the interests of ranchers.

Uniform circulation of food grains all through the nation through powerful open conveyance framework

Keep up the necessary degree of supplies of food grains to guarantee National Food Security

FCI is accepted to be the biggest inventory network on the board in Asia. The critical results of this association are Wheat and Rice. Consistently, it buys around 15-20 percent of India's all-out wheat creation and around 12-15 percent of India's all-out rice creation. After the buy, it supplies the food grains to the stock warehouses of various states so that apportion cardholders can purchase wheat and rice at an insignificant cost.

On the off chance that FCI endures any misfortune, the Union government should repay the misfortunes. Since its initiation, FCI has effectively dealt with different circumstances of shortage and bounty of food grains. It has assumed an indispensable part in changing India from a food shortage nation to an independent nation in food.