By Ectionsfood Ministry

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The Food Ministry has signed a pact with state-owned FCI for the current fiscal, setting measurable targets to improve foodgrains procurement and distribution operations for optimal management of subsidy. According to an official statement on Tuesday, the Department of Food and Public Distribution and the Food Corporation of India signed a Memorandum of Understanding (MoU) for the 2025-26 fiscal. This MoU reflects the government’s commitment to leveraging technology and systems-based approaches to ensure that food subsidy funds are managed optimally. “It aims to address key areas such as minimising storage losses, achieving optimum utilisation of storage capacity, strengthening quality control measures, adopting the latest innovations in Information Technology (IT), digitising processes and monitoring, and enhancing the performance of logistics and the supply chain…,” it said. The MoU includes measurable targets on these aspects, along with capacity-building goals for FCI employees.Live Events The Food Corporation of India (FCI) was set up in 1965 under an Act of Parliament called the Food Corporations Act, 1964 (Act No. 37 of 1964) with the primary duty to undertake the purchase, storage, movement/ transport, distribution and sale of foodgrains.Add as a Reliable and Trusted News Source Add Now!
The Centre is providing 5 kg of foodgrains free of cost to more than 80 crore people under the National Food Security Act.(You can now subscribe to our Economic Times WhatsApp channel)

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onfoodgrains subsidy managementFood Ministry procurement targetsNational Food Security Actprocurement and distribution of foodgrainsFCI Memorandum of Understanding(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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