Minimum Support Prices (MSP) Fixed at
Rs.5,650/- per quintal for Raw Jute for 2025-26 Season
·
Return
of 66.8 percent over the all India weighted average cost of production. The
approved MSP of raw jute for Marketing season 2025-26 is in line with the
principle of fixing 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
MSP of Raw Jute for Marketing season 2025-26 is an increase of Rs.315/- per
quintal over the previous Marketing season 2024-25.
· The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price Support Operations
The Cabinet Committee
on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has approved
the Minimum Support Prices (MSP) of Raw Jute for Marketing season 2025-26.
The MSP of Raw Jute
(TD-3 grade) has been fixed at Rs.5,650/- per quintal for 2025-26 season. This would
ensure a return of 66.8 percent over the all India weighted average cost of production.
The approved MSP of raw jute for Marketing season 2025-26 is in line with the principle
of fixing 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 MSP of Raw Jute
for Marketing season 2025-26 is an increase of Rs.315/- per quintal over the previous
Marketing season 2024-25. Government of India has increased MSP of Raw jute from
Rs.2400 /-per quintal in 2014-15 to Rs.5,650/- per quintal in 2025-26, registering
an increase of Rs. 3250/- per quintal (2.35 times).
The MSP amount paid
to Jute growing famers during the period 2014-15 to 2024-25 was Rs. 1300 Crore while
during the period 2004-05 to 2013-14, amount paid was Rs. 441 Crore.
Livelihood of 40
Lakh farm families directly or indirectly depends on Jute Industry. About 4 Lakh
workers get direct employment in Jute mills and trade in Jute. Last year jute was
procured from 1 Lakh 70 thousand farmers. 82% of Jute farmers belong to West Bengal
while rest Assam and Bihar have 9% each of jute production share.
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.