Private Companies Will Soon Be Involved In The Purchase Of Food Grains For Buffer Stock

The central government is going to invite private sector companies to involve food grains for buffer stock in the country soon.
Private Companies Will Soon Be Involved In The Purchase Of Food Grains For Buffer Stock
Government is going to invite private sector companies to involve food grains.

New Delhi: In addition to the Food Corporation of India (FCI) and state government agencies in the purchase process of food grains in the country, private companies will also be included very soon.

Giving information about this scheme of the Modi government, Union Food Secretary Sudhanshu Pandey said, the central government is going to invite private sector companies to involve food grains for buffer stock in the country soon. He said the Food Ministry has already written a letter to all the state governments about this. This will bring proficiency in the procurement process.

The Center will pay only up to 2% contingency expenses for the purchase of grains

The Food Secretary said the Center has given clear messages to the state governments about the purchase of food grains. The Center will pay only up to 2% contingency expenses for the purchase of food grains made by the states. If the state governments want, they can spend more on their side. Some states have imposed taxes and charged up to 8% on their behalf, which the central government is still paying.

Adequate stock of wheat in buffer stock

Sudhanshu Pandey said, there is sufficient stock of wheat in the country and if needed, the government will take action against the hoarders, so that the domestic supply can be increased. 24 million tonnes of wheat are available in FCI godowns. The Center may consider steps like levying stock limits by traders to inform wheat stocks and increase domestic availability. "The prices of wheat in the country have gone up due to speculation.

Private Companies Will Soon Be Involved In The Purchase Of Food Grains For Buffer Stock
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