{"id":47683,"date":"2025-05-16T12:56:57","date_gmt":"2025-05-16T07:26:57","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=47683"},"modified":"2025-05-29T13:33:50","modified_gmt":"2025-05-29T08:03:50","slug":"jute-corporation-of-india-jci","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/jute-corporation-of-india-jci\/","title":{"rendered":"Jute Corporation of India (JCI)"},"content":{"rendered":"<h2>Jute Corporation of India Latest News<\/h2>\n<p>The Jute Corporation of India (JCI) recently increased the minimum selling price (MSP) of jute from \u20b95,335 to \u20b95,650 per quintal for crop year 2025-26 to discourage distress sales by farmers.\u00a0<\/p>\n<h2>About Jute Corporation of India<\/h2>\n<ul>\n<li>It is a\u00a0<strong>central public sector undertaking<\/strong>\u00a0under the\u00a0<strong>Ministry of Textiles,\u00a0<\/strong>Government of India.\u00a0<\/li>\n<li>It was\u00a0<strong>incorporated in 1971 as a price support agency<\/strong>\u00a0with a clear mandate for the\u00a0<strong>procurement of raw jute\/mesta\u00a0<\/strong>without any quantitative limit from the growers\u00a0<strong>at the minimum support price (MSP)<\/strong>\u00a0declared in each year by the Government of India based on the recommendations made by the Commission for Agricultural Cost &amp; Prices (CACP).\u00a0<\/li>\n<li>This protects the jute growers from exploitations at the hands of the middlemen.\u00a0<\/li>\n<li>JCI\u00a0<strong>provides stability in the raw jute prices.<\/strong><\/li>\n<li>The JCI was first started as a small official agency at the beginning, but then slowly it expanded its networking and now\u00a0<strong>spread in 7 states successfully for jute growing\u00a0<\/strong>in India including<strong>\u00a0West Bengal, Bihar, Assam, Meghalaya, Tripura, Orissa, and Andhra Pradesh.\u00a0<\/strong><\/li>\n<li><strong>Few activities of the JCI are as follows:<\/strong>\n<ul>\n<li>Organizing leverage operations to\u00a0<strong>secure\u00a0<\/strong>the minimum support price (<strong>MSP) to the jute sector<\/strong><\/li>\n<li><strong>Obtain a stock of fiber<\/strong>\u00a0that also might include the imported fibers<\/li>\n<li><strong>Conducting commercialized operations<\/strong>\u00a0in a prudent way<\/li>\n<li><strong>Importing fiber\u00a0<\/strong>in order to supplement endemic accessibility<\/li>\n<li><strong>Exporting fiber<\/strong><\/li>\n<li><strong>Processing and exporting goods made of jute<\/strong><\/li>\n<li>Undertaking measures for the\u00a0<strong>promotion of jute goods<\/strong>\u00a0while exporting<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Jute Corporation of India FAQs<\/h2>\n<p><strong>Q1:<\/strong>\u00a0Is Jute Corporation of India a statutory body?<\/p>\n<p><strong>Ans:<\/strong>\u00a0No, the Jute Corporation of India (JCI) is not a statutory body.<\/p>\n<p><strong>Q2:<\/strong>\u00a02. Under which ministry does the Jute Corporation of India operate?<\/p>\n<p><strong>Ans:<\/strong>\u00a0Ministry of Textiles<\/p>\n<p><strong>Q3:<\/strong>\u00a0What is the primary mandate of the JCI?<\/p>\n<p><strong>Ans:<\/strong>\u00a0Procure raw jute at MSP from growers<\/p>\n<p><strong>Source<\/strong>:\u00a0<a href=\"https:\/\/www.thehindu.com\/news\/national\/west-bengal\/jute-corporation-of-india-increases-msp-to-stop-distress-sales\/article69571847.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jute Corporation of India (JCI) is a central public sector undertaking under the Ministry of Textiles, Government of India.<\/p>\n","protected":false},"author":8,"featured_media":47745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[473,21,23],"class_list":{"0":"post-47683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-jute-corporation-of-india-jci","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/47683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=47683"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/47683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/47745"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=47683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=47683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=47683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}