The Food Corporation of India (FCI) was indeed founded on January 14, 1965. It was established under the Food Corporations Act, 1964, to fulfill the objectives of effective price support operations, distribution of food grains throughout the country for public distribution system (PDS), and maintaining an effective strategic reserve.
FCI plays a crucial role in ensuring food security in India by procuring, storing, and distributing food grains. It also implements various government policies related to food management, procurement, and distribution.
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