Wheat worth Rs. 5 crore and rice worth Rs. 40 crore lost in last five years
The reply to an application filed under the Right to Information (RTI) Act has revealed that India has lost Rs. 45 crore worth of food grain in the past five years.
The data provided in the reply states that India has lost wheat worth Rs. 5 crore and rice worth Rs. 40 crore in the last five years. The reply to the application shows that the government has been successful in reducing the amount of losses over the years; still the country is witnessing wastage of huge quantity of food grain mainly due to poor storage infrastructure.
It is analysed that if the costs of transportation, handling and storage of food grains would be accounted for, the financial losses could have been much more.
The government procures food grain from farmers at a minimum support price so that it could be distributed to the poor at subsidised rates. Despite the fact that Food Corporation of India (FCI) and state agencies have a total storage capacity of around 71.5 million tones, large amount of food grains are wasted and rot in the fields due to creaking storage infrastructure.