Indian Cabinet increases Minimum Support Price for raw jute to Rs 5,335 per quintal in 2024-25 season.
Indian Cabinet approves Rs 285/quintal increase in Minimum Support Price (MSP) for raw jute to Rs 5,335 per quintal in 2024-25 season, aligning with principle of fixing MSP at 1.5x all-India weighted average cost of production. Decision benefits farmers in eastern states, Jute Corporation of India to continue as nodal agency for price support operations with full government reimbursement for losses.
March 07, 2024
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