Revised Open Market Sale Scheme (Domestic) Policy for 2024-25

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The revised policy announced by Ministry of Consumer Affairs, Food & Public Distribution aims to enhance food security & bolstering ethanol production.

It set Rice Reserve Price (₹2,250 per quintal) for sale to State Governments, Corporations, & Community Kitchens, without e-auctions.
The policy set reserve prices at ₹2,250 per quintal (slashed by ₹550) of rice to ethanol distilleries to aid ethanol production.

What is Open Market Sale Scheme (Domestic)?

About: Under this scheme, Food Corporation of India (FCI) sells surplus food grains (wheat & rice) from the central pool in open market via e-auction at pre-determined prices.
Aim: To control market prices and curbs inflation.
Eligibility: Processors / Atta Chalki / Flour Millers of Wheat Products. (Traders / Bulk Buyers are not allowed through e-auction.
- Usually, states are also allowed to procure food grains without participating in auctions.

About Food Corporation of India (FCI)

Genesis: It is a statutory body established under the Food Corporation's Act 1964.
Ministry: Ministry of Consumer Affairs, Food & Public Distribution.
Key Objectives:
- 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.