FCI Full Form | What is the 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.

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

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.