Food and Supply
The Food Corporation of India is an organization created and run by the Government of India.
Food Corporation of India recently ventured into procurement of pulses in various regions from the crop year 2015–16, and pulses are procured at market rate, which is a sharp deviation from its traditional minimum support price-based procurement system.
In 2014, Government of India set up a high-level committee under the chairmanship of Hon’ble Member of Parliament and former Minister of Food and Consumer Affairs and Public Distribution Shri Shanthakumar to recommend viable solutions regarding restructuring and reorienting the role of Food Corporation of India, and the committee submitted its report to the government, and many of the committee recommendations are under various stages of implementation.
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