Budget 2018 proposes restructuring of Food Corporation of India capital.
Feb 01 2018|LiveMint|Full Article
FCI procures wheat and rice from farmers at the minimum support price (MSP).
FCI procures wheat and rice from farmers at the minimum support price (MSP) and the foodgrains are distributed to over 80 crore people in the country under the National Food Security Act.
Under this law, which was passed by the Parliament in 2013, the government provides 5kg of wheat and rice to per person per month at Rs2 and Rs3 per kg, respectively.