Food Corporation of India conducts E-Auction to meet goals of Pradhan Mantri Garib Kalyan Ann Yojana
On April 2, 2020, the Food Corporation of India is to conduct Open Market Sales Scheme to ease the supply of Food Grains in the market. This is being done to ensure uninterrupted supply of rice and wheat in the country during the lock down period
Highlights
The Food Corporation of India operating under Ministry of Consumer Affairs is ensuring that the additional 5 kg per person to be included in the Public Distribution System under the Pradhan Mantri Garib Kalyan Ann Yojana reaches on time. So far, the FCI has released 1.48 lakh metri tonnes of food grain from its stocks. This includes both rice and wheat.
The FCI holds 56.75 million metric tonnes of food grains. This includes 26.06 million metric tonnes of wheat and 30.7 million metric tonnes of rice.
Open Auction
Usually under the National Food Security Act 5 kg of rice or wheat is allocated per month. The launch of Pradhan Mantri Garib Kalyan Ann Yojana increased this. In order to ease the supply constraint in the market, FCI has opened the open auction scheme. This will also help in supplying wheat to state governments and also to the empanelled flour mills.
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Month: Current Affairs - April, 2020