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Introduction:
Food Corporation of India (FCI) was formed in 1960’s and was part of larger plan directed toward food security and self-sufficiency. Other major institution was CACP. These two institutions along with MSP regime and Public distribution system were expected to work in tandem. FCI’s responsibility was to procure, Store and discharge grains as per policy of the government. Over the time, as in other cases these institutions too failed to adapt to changing circumstances such as changing demands of economy. As a result FCI now reels under chronic inefficiency through huge wastages, and storage cost of grains keeps on cumulating.
Body:
Reforms needed in FCI due to:
The government had set up a six-member committee under Shanta Kumar to suggest restructuring or unbundling of FCI to improve its financial management and operational efficiency in procurement, storage and distribution of food grains.
Important recommendations made:
Government has taken up few of the reforms as follows:
Government has come up with a roadmap with the following highlights:
Conclusion:
The Committee recommendations however was criticized due to suggestions like limiting NFSA, cash subsidy, privatization of FCI despite suggesting useful reforms to reform FCI, PDS. A closer scrutiny in the recommendation is needed today in times of agricultural distress & drought prone years.
By: DATTA DINKAR CHAVAN ProfileResourcesReport error
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