The Union Cabinet connected Wednesday approved a minimum enactment terms of Rs 5,650 per quintal for earthy jute for selling play 2025-26, an summation of 6 per cent, oregon Rs 315, implicit the erstwhile MSP. The determination was taken astatine the Cabinet Committee connected Economic Affairs (CCEA) conscionable chaired by Prime Minister Narendra Modi, said Commerce Minister Piyush Goyal connected Wednesday.
The caller Minimum Support Prices (MSP) ensures instrumentality of 66.8 per cent implicit all-India weighted mean outgo of accumulation and volition payment growers, the curate said.
The authorities has accrued MSP of earthy jute from Rs 2,400 per quintal successful 2014-15 to Rs 5,650 per quintal for 2025-26 selling season, an summation of 2.35 times.
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