Instructions: Establish the meaning of food security and explain about the functioning of buffer stock and the public distribution system (PDS).
Solution:
Food security refers to the availability, accessibility, and affordability to food.
Buffer stock:
Buffer stock refers to the stock of foodgrains such as rice and wheat.
The Food Corporation of India or the FCI procures food grains in surplus such as rice and wheat from the farmers directly at a price called the Minimum Support Price or the MSP.
The MSP is announced before the sowing season and acts as an incentive to farmers.
The government of India distributes the procured foodgrains to the people at a price called the issue price which is less than the market price.
Public Distribution System (PDS):
The Government of India distributes the procured foodgrains to the people through ration shops or fair price shops. This system is called the Public Distribution System or the PDS.
Fair price shops keep stock of essential household items such as kerosene and sugar along with food grains.
People can use ration cards to purchase items from fair price shops at prices lesser than the market price, known as the issue price.