The Food Corporation of India was setup under the Food Corporation Act 1964 , in order to fulfill following objectives of the Food Policy:
- Effective price support operations for safeguarding the interests of the farmers.
- Distribution of foodgrains throughout the country for public distribution system.
- Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security
Since its inception, FCI has played a significant role in India's success in transforming the crisis management oriented food security into a stable security system.