Mera Farmhouse connects manufacturers and dealers with each other globally and aims at improving the economic stability of the farmers through transparency in agriculture related products.
Mera Farmhouse connects manufacturers and dealers with each other globally and aims at improving the economic stability of the farmers through transparency in agriculture related products.
The Modi government, under the chairmanship of the Cabinet Committee on Economic Affairs, has increased the Minimum Support Price (MSP) for raw jute to give a gift to farmers before the Lok Sabha elections. MSP of raw jute has increased by 122% in the last 10 years, and will yield returns of 64.8% on Indian weighted average cost of production. The MSP of raw jute for the 2024-25 season is Rs 5,335 per quintal, which is at least 1.5 times the level announced in Budget 2018-19. Keeping in mind the habit of farmers, the government has increased the price by Rs 285 per quintal as compared to the last season. In the current season 2023-24, the government has procured a record quantity of more than 6.24 lakh bales of raw jute at a cost of Rs 524.32 crore, benefiting about 1.65 lakh farmers.
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