What is the impact of OMSS on the sale of foodgrains by FCI
Exploring the impact of OMSS on the quantity of foodgrains sale by FCI.
- OMSS allows surplus foodgrains to be sold in the open market, helping to reduce market prices and prevent their wastage due to storage issues.
- Due to the availability of affordable food grains in the market, the demand for FCI's foodgrains has increased.
- The OMSS has also helped to reduce the government's holding costs, as the food grains can be sold quickly in the open market.
- This has allowed the FCI to transfer foodgrains from surplus-producing areas to deficit areas, ensuring food security across the country.
- The scheme has also improved the competitiveness of FCI, as it is now able to compete with private sellers in the open market.
Answered
a year ago