Q- Write any three benefits of Buffer stock?
Answer- Buffer stock is a kind of stock of food grains which was created by Indian government to distribute food grains in the deficit areas and among the poorer section of the society.
At a very low price or minimum support price that can be easily afforded by that poor people. This minimum support price of the food grains is very low than the market price. This would help in solving the problem of shortage of food during bad harvest season or during periods of calamity.
There are several benefits of Buffer stock. The three major benefits of Buffer stock are as follows:
1. It helped poor people to prevent them from food insecurity and make them food secure.
2. This reduces poverty in India as this helped poor people to afford food grains very easily at cheap rate.
3. Due to decrease in poverty in India it helped India to become self-sufficient.