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The Cabinet Committee connected Economic Affairs (CCEA), aft a gathering present connected Tuesday (February 24, 2026), accrued the minimum enactment terms (MSP) of earthy jute for 2026-27 by ₹275 per quintal implicit the erstwhile season. The caller complaint is ₹5,925 per quintal. Briefing reporters aft the meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the accrued MSP would payment jute growers successful States specified arsenic West Bengal and Assam.
In Frames: Jute — the aureate fibre
Commenting connected the decision, Prime Minister Narendra Modi said the Union Government was leaving nary chromatic unturned to marque the lives of jute farmers easier. “In this direction, our authorities has taken the important determination to summation the MSP of earthy jute. This volition not lone boost its accumulation and quality, but volition besides summation the income of farmers crossed the state associated with this sector,” Mr. Modi said successful a societal media post.
A connection issued by the authorities said the revised MSP, for TD-3 people earthy jute, would guarantee a instrumentality of 61.8% to the farmers implicit the all-India weighted mean outgo of production. “The determination is successful enactment with the government’s rule of fixing MSP astatine slightest 1.5 times the all-India weighted mean outgo of production, arsenic announced successful the Union Budget 2018-19. Since 2014-15, the MSP of earthy jute has been accrued from ₹2,400 per quintal to ₹5,925 per quintal successful 2026-27, registering a emergence of ₹3,525 per quintal, oregon 2.5 times,” the connection added.
“The MSP magnitude paid to jute increasing farmers during the play 2014-15 to 2025-26 was ₹1,342 crore, portion during the play 2004-05 to 2013-14, magnitude paid was ₹441 crore,” the authorities said, adding that the Jute Corporation of India (JCI) would proceed arsenic Central authorities nodal bureau to undertake terms enactment operations and the losses incurred, if any, successful specified operations, would beryllium afloat reimbursed by the Union government.
