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6% Hike in Raw Jute MSP Approved
The New Indian Express Kochi
|January 23, 2025
Cabinet reviews progress of National Health Mission in last 3 years after 5-year extension
The Union Cabinet on Wednesday decided to hike the Minimum Support Price (MSP) for raw jute by 6 percent to ₹5,650 per quintal for marketing season 2025-26 and reviewed the progress made in three years of implementation of the extended five-year tenure of the National Health Mission since 2021.
Commerce & Industry Minister Piyush Goyal said the new MSP for jute ensures a return of 66.8 percent over the average weighted average cost of production in India and will benefit growers.
He noted that the government has increased the MSP of raw jute from ₹2,400 per quintal in 2014-15 to ₹5,650 per quintal for the 2025-26 marketing season.
This story is from the January 23, 2025 edition of The New Indian Express Kochi.
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