What are buffer norms and Buffer stocks? Why they are needed?

Hint: The Buffer norms are the minimum food grains the Centre should have in the Central pool at the beginning of each quarter to meet requirement of public distribution system and other welfare measures. They are needed to Feed TPDS and other welfare schemes; Ensure food security during the periods when production is short of normal demand during bad agricultural years; Stabilize prices during period of production shortfall through open market sales.
 

Question for UPSC Mains:
What are buffer norms and Buffer stocks? Why they are needed?

Published: October 27, 2015 | Modified:June 27, 2019

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