Economic Cost of Food Corporation of India

Hello sir I am here as I want to know what is the Economic Cost for Finance of Food Corporation of India so will you please tell me about this??

FCI is a statutory Organization constituted under Food Corporation’s Act,
1964 and has been carrying out its operations since 1965 with an objective to
trade in foodgrains and other foodstuffs and for matters connected therewith
and incidentals thereto. At present FCI is only implementing Government of India food programme and not involved in any commercial venture.

Main operation of FCI includes procurement of foodgrains at minimum
support price declared by Government Of India, store foodgrains so procured,
transport the surplus foodgrains to deficit states and issue it to State
Governments under Public Distribution System at a price decided by the
Government Of India.
FCI also maintains buffer stocks of foodgrains as mandated by the
Government of India and intervene in the domestic market to control the
rising prices of the foodgrains.

Year Subsidy Sales Proceed Total turnover

(Rs.in crore) (Rs.in crore) (Rs.in crore)

2011-12 68,697 26,686 95,383

2012-13 80,563 39,849 1,20,412
2013-14 89,492 38,357 1,27,849

2014-15(RE) 1,02,476 31,527 1,34,003



Economic Cost
Crop-Year Wise Economic Cost(Final) (Rs./qtl.)
Year Wheat Rice (Grade A) Rice (Common)
Rabi 2015-16
(1.4.2015-31.3.2016) 2267 - -

Kharif 2015-16
(1.10.2015-30.9.2016) - 3330 3258

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Answered By StudyChaCha Member