Related Keywords: approval for ncrease in the Minimum Support Price, Cabinet approved setting up of Government e-Marketplace Special Purpose Vehicle, Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, Jute mainly used as raw material, Packaging Industry, raw jute, this season, to protect the economic interests of the farmers
Jute is mainly used as raw material for Packaging Industry. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi in order to protect the economic interests of the farmers has given its approval for the increase in the Minimum Support Price (MSP) for raw Jute to a level of Rs35000/- per quintal for 2017-18 season which indicates an increase of Rs. 300/- (9.4%) over the previous year.
