What is FCI? Write any four functions of FCI.

FCI stands for Food Corporation of India. It is an organization set up by the Government of India under the Food Corporation Act, 1964. The functions of Food Corporation of India are as follows:

1. The purchase of surplus wheat and rice from the farmers by paying them a pre-announced price for the farmers which is called the Minimum Support Price (MSP).

2. Ensuring proper storage of food grains.

3. To enable uniform distribution of food grains all over the country through the Public Distribution System (PDS).

4. To regulate the prices of foodgrains at affordable prices based on the quantity of production and availability.

Food Corporation of India is the product of the food security system designed by the Government.