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Food Corporation of India (Hindi: भारतीय खाঘ निगम) was setup on 14th January 1965 having its first District Office at THANJAVUR - RICE BOWL OF TAMILNADU and HQRS at CHENNAI under Food Corporations Act 1964 to implement the following objectives of the National Food Policy :

i. Effective price support operations for safeguarding the interests of the farmer

ii. Distribution of foodgrains throughout the country for Public Distribution System

iii. Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security

It is the Largest Corporation in India and probably the largest supply chain management in Asia. It operates through 5 zonal offices and 24 regional offices. Each year, the Food Corporation of India purchases roughly 15-20 per cent of India's wheat output and 12-15 per cent of its rice output. The purchases are made from the farmers at the rates declared by the Govt. of India. This rate is called as MSP (Minimum support Price). There is no limit for procurement in terms of volume, any quantity can be procured by FCI provided the stock satisfies FAQ (Fair Average Quality) specifications with respect to FCI.

The stocks are transported throughout India and issued to the State Government nominees at the rates declared by the Govt of India for further distribution under the Public Distribution System (PDS) for the consumption of the ration card holders. (FCI itself does not directly distribute any stock under PDS and its operations end at the exit of the stock from its depots). The difference between the purchase price and sale price, along with internal costs, are reimbursed by the Union Government in the form of Food Subsidy. At present the annual subsidy is around $10 billion. FCI by itself is not a Decision making authority, it does not decide anything about the MSP, Imports or Exports. It just implements the decisions made by the Ministry of Food and Ministry of Agriculture.

Our Aim!

The main aim of the corporation is to take active part in price support operations with a view to safeguard the farmers’ interests, for distribution of food grains throughout the country for public distribution system, and for preserving enough level of operational and buffer stocks of food grains. The company aim to ensure National Food Security. The primary objectives of FCI are to offer farmers remunerative prices to make food grains available at reasonable prices, predominantly to weaker sections of the society and to maintain stocks in butter as a step towards security of food and to arbitrate in market for price stabilization.