The Scheme of Decentralised procurement (DCP) refers to the manner of procurement of foodgrains to the central (federal) government stock, through the state agencies, rather than through the central (Federal) agency of Food Corporation of India (FCI).
The foodgrains are procured at the Minimum Support Price (MSP) declared by the Central Government for ensuring
(a) a cost covering price for the producing farmers and
(b) effect distribution of these foodgrains at affordable prices to the needy and under-privileged through the public distribution system (PDS) of the country so as to ensure food security.
Source: Indian Economic Service.
Categories: POINT IAS