Food Ministry and FCI Sign MoU to Boost Efficiency

On 13th September 2024, the Ministry of Food signed an MoU with the Food Corporation of India (FCI) for the 2024-25 fiscal year, focusing on improving the efficiency and accountability of foodgrain procurement and distribution.

The agreement sets performance benchmarks for FCI depots, emphasizing capacity utilization, reduction of operational losses, and the modernization of storage and distribution processes.
The MoU introduces accountability measures to ensure that public funds are used efficiently in food security operations, aiming to optimize the Public Distribution System (PDS).
Key performance metrics include enhancing depot efficiency through improved security measures and streamlined operational processes, ensuring effective use of food subsidy funds.
The initiative highlights the government's dedication to refining PDS operations and minimizing inefficiencies in managing foodgrain distribution across India.
FCI, established in 1965, plays a crucial role in the procurement, storage, transportation, and distribution of foodgrains throughout India, entirely dependent on government food subsidies.