The Full Form of ‘FCI’ in Agriculture is ‘Food corporation of India’.
Full Form of FCI
Food Corporation of India (FCI) is an Indian government-owned food security organization that operates in the agricultural sector. It was established in 1965 with the primary objective of providing foodgrain storage and distribution services to the nation’s people. FCI works with the Ministry of Agriculture, Government of India, and plays a vital role in ensuring food security for all by providing grain at subsidized prices to consumers.
FCI is one of the largest government-owned organizations in India and has been instrumental in helping reduce hunger and poverty levels across the country. It is responsible for procuring grains from farmers, storing them in its own warehouses, transporting them to various locations within India, and distributing them to state governments for onward distribution among citizens. The organization also has a significant role to play in price stabilization of food items.
FCI’s activities include procuring wheat and rice from farmers through price support operations (PSO), storing it in its own warehouses or other godowns, procuring pulses from farmers through price support operations (PSP), distributing wheat and rice through ration shops, monitoring open market sales prices and taking corrective steps if there are any deviations from the set rates. Apart from this, FCI also provides assistance to states for godown construction/expansion projects.
The FCI has been successful in eliminating hunger among several sections of society – particularly those who are socially disadvantaged – by providing cheap grain stocks at subsidized rates directly to poor families via ration shops located throughout India. In addition to its role as a government agency that helps ensure availability of essential food grains at reasonable prices across India, FCI also provides employment opportunities directly or indirectly to thousands of people who are involved in its various activities such as procurement operations, warehousing management, transportation &distribution etc., which makes it a major contributor towards economic growth as well as employment generation within the country.
FCI works closely with state governments and has established strong partnerships with local farmers across different states to ensure that it can procure enough grain stocks for storage and distribution purposes on time. Its success stories have been acknowledged by both international organizations such as FAO (Food & Agriculture Organization) & IFAD (International Fund for Agricultural Development)as well as national level organizations like NABARD (National Bank for Agricultural & Rural Development).
In conclusion, FCI is an important institution that helps provide food security to millions of Indians living below the poverty line across different parts of our country by ensuring timely supply of essential commodities such as wheat & rice at subsidized rates via its network of warehouses/godowns along with other related activities like procurement & transportation etc., which helps generate more employment opportunities while contributing towards overall economic growth within our nation.
Queries Covered Related to “FCI”
- What is the full form of FCI in Agriculture?
- Explain full name of FCI.
- What does FCI stand for?
- Meaning of FCI