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Jute Corporation to buy 400,000 quintals this year
13
Aug '16
The Jute Corporation of India (JCI) has planned to procure 400,000 quintals of jute this year either through minimum support price (MSP) or commercial trade.

This was informed by JCI chairman K V R Murthy, while addressing the media in connection with the launch of a campaign initiated by the ministry of textiles on the eve of the 70th Independence Day.

Murthy also added that a farmer-friendly method of payment will also be adopted to encourage increasing number of farmers to come with their produce.

“JCI is also considering floating a jute banking scheme, for extending benefits more benefits to jute growers, while the government has hiked MSP to Rs 3,200 per quintal this year,” he informed.

According to the chairman, more than 25,000 hectares of land have been brought under jute cultivation and the benefit of enhanced agronomic practices has been extended to more than 40,000 farmers.

JCI has presence in six jute growing states like West Bengal, Bihar, Assam, Odisha, Andhra Pradesh and Tripura and also has 16 regional offices and 171 departmental purchase centres in the country. (AR)

Fibre2fashion News Desk - India

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