Akshaya Patra Foundation inaugurates state-of-the-art kitchen in support of Canara Bank
The MoU is an initiative which reflects the central government’s commitment to refine the Public Distribution System (PDS)
The Department of Food and Public Distribution (DFPD), the Government of India and the Food Corporation of India (FCI) have signed a Memorandum of Understanding (MoU) for FY 2024-25, to enhance the efficiency and accountability of food grain procurement and distribution.
The MoU outlines specific performance benchmarks (including performance benchmarking of FCI Depots) and accountability measures aimed at optimising the use of public funds in managing food security operations. Performance benchmarking of FCI Depots contains depot efficiency parameters like capacity utilisation, operational losses, security measures, modernisation and automation of processes at depots etc.
The MoU is an initiative which reflects the central government’s commitment to refine the Public Distribution System (PDS) and to ensure that food subsidy funds are managed with the highest level of efficiency by way of overall enhancement in the performance of FCI operations and its depots.
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.