Agriculture

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Food is the basic requirement of all the people in the country. But many people are not able to get sufficient meals at least two times in a day. During a natural disaster like earthquake, flood, drought there is a shortage of food all over the country. Food security is a method to ensure at least minimum quantity of food for all the people round the year. Food Corporation of India [FCI] procure foodgrains at Minimum Support Price and maintain food security by two ways: a) Buffer Stock and b) Public Distribution System [PDS].

Buffer Stock: Buffer stock is the stock of food grains (e.g., wheat,rice etc.) procured by the government through Food Corporation of India (FCI). It is created in order to distribute food grains in deficit areas and among poorer section of society at an affordable price.

Public Distribution System: It is a programme of the Government of India that provides food grains to poor people at highly subsidized prices. Ration cards are issued to each household and food grains can be purchased from fair price shops under this system.

Minimum Support Price: The price at which the FCI procures food grains from farmers is termed as Minimum Support Price.