CCEA approved MSP of Raw Jute for 2014-15 season
The Cabinet Committee on Economic Affairs (CCEA) approved the Minimum Support Price (MSP) for 2014-15 season for TD-5 grade of Jute at Rs.2400 per quintal for the entire country. This is an increase of Rs.100 per quintal over the MSP announced by the Government for the previous season. The increase in the MSP of raw jute is expected to encourage farmers to step up investment in jute cultivation and by this means there will be increase in production and productivity of jute in the country. The premiums for TD-3 and TD-4 varieties of raw jute will be maintained at 20% and 8% in connection with the price of TD-5.
Note: The Jute Corporation of India (JCI) would continue to act as the nodal agency to undertake price support operation at MSP in jute growing states.
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Month: Current Affairs - January, 2014
Category: India Nation & States Current Affairs