Class Ix
Class Ix
SUBJECT – ECONOMICS
CHAPTER-4 FOOD SECURITY IN INDIA
1-The poorest section of the society remains food insecure all the times.
2-People above poverty line might also feel food insecure in times of natural calamity like
earthquake, drought, flood, tsunami, ETC
BUFFER STOCK is the stock of food grains (wheat and rice) procured by the government through the Food
Corporation of India (FCI).
MINIMUM SUPPORT PRICE’ (MSP). The FCI purchases wheat and rice for the government from the
farmers of surplus states at pre-announced prices. This price is called ‘Minimum Support Price’
(MSP).
ISSUE PRICE. - The grains stored in Buffer Stocks are distributed in deficit areas and among the poor
strata of society at a price lower than the market price known as Issue Price.
SUBSIDY is a payment that a government makes to a producer to supplement the market price
of a commodity. It keeps consumer prices low while maintain a higher income for producers.
PUBLIC DISTRIBUTION SYSTEM (PDS) refers to a system through which the food procured by
the FCI is distributed among the poor through government regulated ration shops by
using Ration cards.
• There are about 5.5 Lakh ration shops all over the country also known as Fair Price
Shop, which keeps stock of food grain, sugar etc which are sold at lower than market
price.
• There are three kinds of Ration Cards-
I. Antyodaya card — for the poorest of poor
II. BPL Card - for those below poverty line
III. APL Card — for all other
• NATIONAL FOOD SECURITY ACT, 2013 was passed to provide food and nutritional
security at affordable price to 75% of rural population and 50% of urban population.