Mera Saansad
Search Search
Kannada language

Cabinet approves Minimum Support Price for Raw Jute for 2024-25 Season

Published By : Admin | March 7, 2024 | 20:33 IST
QuoteAn increase of Rs.285 per quintal
QuoteMSP for Raw Jute registered 122 per cent growth in Last 10 years

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Prices (MSP) for Raw Jute for 2024-25 season.

The MSP of Raw Jute (TDN-3 equivalent to earlier TD-5 grade) has been fixed at Rs.5,335/- per quintal for 2024-25 season. This would ensure a return of 64.8 percent over the all India weighted average cost of production. The announced MSP of raw jute for 2024-25 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the Government in the Budget 2018-19.

The decision is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).

The MSP for 2024-25 season is an increase of Rs.285/-per quintal for Raw Jute over the previous season. In the last 10 years, the Government has increased MSP for Raw jute from Rs.2,400 per quintal in 2014-15 to Rs.5,335/- per quintal in 2024-25, registering a growth of 122 percent.

In the current season 2023-24, the Government has procured a record amount of more than 6.24 lakh bales of Raw Jute, at the Cost of Rs.524.32 crore, benefitting around 1.65 lakh farmers.

The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the Central Government.

Login or Register to add your comment
Explore More
78ನೇ ಸ್ವಾತಂತ್ರ್ಯ ದಿನಾಚರಣೆಯ ಸಂದರ್ಭದಲ್ಲಿ ಕೆಂಪು ಕೋಟೆಯಿಂದ ಪ್ರಧಾನಮಂತ್ರಿ ಶ್ರೀ ನರೇಂದ್ರ ಮೋದಿ ಅವರು ಮಾಡಿದ ಭಾಷಣದ ಕನ್ನಡ ಅನುವಾದ

ಜನಪ್ರಿಯ ಭಾಷಣಗಳು

78ನೇ ಸ್ವಾತಂತ್ರ್ಯ ದಿನಾಚರಣೆಯ ಸಂದರ್ಭದಲ್ಲಿ ಕೆಂಪು ಕೋಟೆಯಿಂದ ಪ್ರಧಾನಮಂತ್ರಿ ಶ್ರೀ ನರೇಂದ್ರ ಮೋದಿ ಅವರು ಮಾಡಿದ ಭಾಷಣದ ಕನ್ನಡ ಅನುವಾದ
View All
Raj Kapoor’s Iconic Lantern Donated To PM Museum In Tribute To Cinematic Icon

Media Coverage

Raj Kapoor’s Iconic Lantern Donated To PM Museum In Tribute To Cinematic Icon
View All
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
Download App
...
Prime Minister Narendra Modi to participate in the Post-Budget Webinar on "Agriculture and Rural Prosperity"
February 28, 2025
QuoteWebinar will foster collaboration to translate the vision of this year’s Budget into actionable outcomes

Prime Minister Shri Narendra Modi will participate in the Post-Budget Webinar on "Agriculture and Rural Prosperity" on 1st March, at around 12:30 PM via video conferencing. He will also address the gathering on the occasion.

The webinar aims to bring together key stakeholders for a focused discussion on strategizing the effective implementation of this year’s Budget announcements. With a strong emphasis on agricultural growth and rural prosperity, the session will foster collaboration to translate the Budget’s vision into actionable outcomes. The webinar will engage private sector experts, industry representatives, and subject matter specialists to align efforts and drive impactful implementation.