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Cabinet Approves Jute MSP Hike for 2026-27, PM Modi Hails Boost for Farmers

The Union Cabinet has approved the Minimum Support Price for raw jute for the 2026-27 marketing season. The MSP for the TD-3 grade has been set at Rs 5,925 per quintal, marking an increase of Rs 275 from the previous season. Prime Minister Narendra Modi stated the decision aims to enhance farmer incomes and promote higher-quality jute production. The government highlighted that the MSP ensures a return of 61.8% over the average cost of production, continuing a policy of significant increases since 2014.

Key Points: Jute MSP Increased for 2026-27 Season, PM Modi Announces

  • MSP fixed at Rs 5,925 per quintal for 2026-27
  • Ensures 61.8% return over production cost
  • Rs 275 increase over previous season
  • Part of long-term policy to guarantee 1.5 times cost
2 min read

MSP on raw jute approved by Cabinet to enhance quality, farmers' incomes: PM Modi

Cabinet approves Rs 5,925 MSP for raw jute, ensuring 61.8% return over cost. PM Modi says move will boost farmer incomes and production quality.

"We are leaving no stone unturned to make life easier for our jute-growing farmer brothers and sisters. - Prime Minister Narendra Modi"

New Delhi, February 24

Prime Minister Narendra Modi said on Tuesday that the Minimum Support Prices of Raw Jute for Marketing season 2026-27, approved by the Union Cabinet today will not only promote higher production and better quality, but also enhance the incomes of farmers associated with this sector across the country.

Taking to social media platform X, PM Modi said, "We are leaving no stone unturned to make life easier for our jute-growing farmer brothers and sisters. In this direction, our government has taken an important decision to increase the Minimum Support Price (MSP) of raw jute. This will not only promote higher production and better quality, but also enhance the incomes of farmers associated with this sector across the country."

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the MSP of Raw Jute for Marketing season 2026-27. The MSP of Raw Jute (TD-3 grade) has been fixed at Rs 5,925 per quintal for 2026-27 season.

The government said this would ensure a return of 61.8 per cent over the all-India weighted average cost of production. The announced MSP of raw jute for Marketing season 2026-27 is in line with the principle of fixing MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the Government in the Budget 2018-19.

The MSP of Raw Jute for Marketing season 2026-27 is an increase of Rs 275 per quintal over the previous Marketing season 2025-26.

Government has increased MSP of Raw jute from Rs 2400 per quintal in 2014-15 to Rs 5,925 per quintal in 2026-27, registering an increase of Rs 3,525 per quintal (2.5 times).

The MSP amount paid to Jute growing farmers during the period 2014-15 to 2025-26 was Rs 1342 Crore, while during the period 2004-05 to 2013-14, Rs 441 Crore amount was paid.

- ANI

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Reader Comments

P
Priya S
Good news for farmer incomes. However, the real challenge is ensuring that small and marginal farmers actually get this MSP. There needs to be a strong procurement mechanism. Also, what about investments in modernizing jute cultivation and processing? MSP alone isn't enough for long-term sustainability.
A
Aman W
Jute is a golden fiber and an eco-friendly alternative to plastic. Supporting its farmers is crucial for our environment and economy. This MSP boost, along with the mandatory packaging orders for foodgrains, can really revive the sector. Great move!
S
Sarah B
While the intent is good, announcing MSP for 2026-27 now feels very distant. What about the immediate concerns of farmers facing climate issues and rising input costs? The focus should also be on helping them reduce costs, not just guaranteeing a price three years from now.
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Vikram M
The numbers speak for themselves. Payment to farmers increased from ₹441 crore in the UPA decade to over ₹1300 crore in the last decade. This is a solid, data-backed policy for farmer welfare. More power to our annadata! 🇮🇳
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Nisha Z
As someone from a jute-growing family, I can say this assurance matters. But the increase of ₹275 per quintal for next year seems modest given current inflation. We also need better market access and support for value-added jute products to truly enhance incomes.

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