Jute Corporation of India (JCI)

Jute Corporation of India Latest News

The Jute Corporation of India (JCI) recently increased the minimum selling price (MSP) of jute from ₹5,335 to ₹5,650 per quintal for crop year 2025-26 to discourage distress sales by farmers. 

About Jute Corporation of India

• It is a central public sector undertaking under the Ministry of Textiles, Government of India. 
• It was incorporated in 1971 as a price support agency with a clear mandate for the procurement of raw jute/mesta without any quantitative limit from the growers at the minimum support price (MSP) declared in each year by the Government of India based on the recommendations made by the Commission for Agricultural Cost & Prices (CACP). 
• This protects the jute growers from exploitations at the hands of the middlemen. 
• JCI provides stability in the raw jute prices.
• The JCI was first started as a small official agency at the beginning, but then slowly it expanded its networking and now spread in 7 states successfully for jute growing in India including West Bengal, Bihar, Assam, Meghalaya, Tripura, Orissa, and Andhra Pradesh. 
• Few activities of the JCI are as follows:
  • Organizing leverage operations to secure the minimum support price (MSP) to the jute sector
  • Obtain a stock of fiber that also might include the imported fibers
  • Conducting commercialized operations in a prudent way
  • Importing fiber in order to supplement endemic accessibility
  • Exporting fiber
  • Processing and exporting goods made of jute
  • Undertaking measures for the promotion of jute goods while exporting

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Jute Corporation of India FAQs

Q1: Is Jute Corporation of India a statutory body?

Ans: No, the Jute Corporation of India (JCI) is not a statutory body.

Q2: 2. Under which ministry does the Jute Corporation of India operate?

Ans: Ministry of Textiles

Q3: What is the primary mandate of the JCI?

Ans: Procure raw jute at MSP from growers

Source: TH