Centre announces hike in MSP for jute by ₹315 a quintal

Daily Current Affairs / Centre announces hike in MSP for jute by ₹315 a quintal

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Category : Business and economics Published on: January 24 2025

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The Cabinet Committee on Economic Affairs (CCEA) fixed the MSP of raw jute at ₹5,650 per quintal for the 2025-26 marketing season, which is ₹315 higher than the 2024-25 price.
The government paid an MSP of ₹1,300 crore to jute growers from 2014-15 to 2024-25, and 40 lakh farm families benefited from the jute industry in this time period.