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The Union cupboard has permitted a hike within the Minimal Help Worth (MSP) of uncooked jute for the 2024-25 season to Rs 5,335 per quintal, in line with Union Minister Piyush Goyal on Thursday.
That is up from the present MSP of Rs 5,050 per quintal, a hike of 5.6%.
This is able to guarantee a return of 64.8% over the all India weighted common price of manufacturing, the federal government stated in an announcement.
Within the present season 2023-24, the federal government has procured a document quantity of greater than 6.24 lakh bales of uncooked jute by means of the Jute Company of India, at the price of Rs 524.32 crore, benefitting round 1.65 lakh farmers.(Now you can subscribe to our Financial Occasions WhatsApp channel)
