Centre increases MSP for jute; farmers in West Bengal, Assam to benefit
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
The Cabinet Committee on Economic Affairs (CCEA) increased the minimum support price (MSP) of raw jute for 2026-27 to ₹5,925 per quintal to benefit farmers in West Bengal and Assam.
Background
The CCEA increased the raw jute MSP by ₹275 per quintal for the 2026-27 period. The new price ensures a 61.8% return to farmers over the all-India weighted average cost of production.
Facts for Prelims
- FactRaw jute MSP for 2026-27: ₹5,925 per quintal
- FactMSP increase amount: ₹275 per quintal
- FactReturn to farmers: 61.8% over all-India weighted average cost of production
- BodyJute Corporation of India (JCI): Body responsible for supporting jute growers
For Mains
Q. Discuss the significance of Minimum Support Price (MSP) in ensuring farmer welfare and its role in promoting specific crop production in India.
Dimensions to cover in your answer
- Price realization: Ensuring 61.8% return over weighted average cost of production
- Institutional support: Role of Jute Corporation of India in stabilizing market dynamics
- Regional impact: Boosting production in jute-growing hubs like West Bengal and Assam
Keywords: Minimum Support Price · Price Realization · Agricultural Policy · Jute Corporation of India · Farmer Welfare
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