Sr. No. |
Name of the MoU |
Representative from Jamaican side |
Representative from Indian side |
1 |
Memorandum of Understanding between Government of the Republic of India acting through the Ministry of Electronics and Information Technology and the Government of Jamaica acting through the Office of the Prime Minister of Jamaica on Co-Operation in the Field of Sharing Successful Digital Public Infrastructure Aimed at Promoting Financial Inclusion and Social and Economic Transformation |
Ms. Dana Morris Dixon, |
Shri Pankaj Chaudhary, |
2 |
Memorandum of Understanding between NPCI International Payments Limited and Egov Jamaica Limited |
Ms. Dana Morris Dixon, |
Shri Pankaj Chaudhary, |
3 |
Memorandum of Understanding on The Cultural Exchange Programme between the Government of the Republic of India and the Government of Jamaica for the years 2024-2029 |
Ms. Kamina Johnson Smith, |
Shri Pankaj Chaudhary, |
4 |
Memorandum of Understanding on Cooperation in Sports between the Ministry of Youth Affairs & Sports, Government of India and the Ministry of Culture, Gender, Entertainment & Sport Government of Jamaica |
Ms. Kamina Johnson Smith, |
Shri Pankaj Chaudhary, |
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The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has approved the Minimum Support Prices (MSP) of Raw Jute for Marketing season 2025-26.
The MSP of Raw Jute (TD-3 grade) has been fixed at Rs.5,650/- per quintal for 2025-26 season. This would ensure a return of 66.8 percent over the all India weighted average cost of production. The approved MSP of raw jute for Marketing season 2025-26 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 2025-26 is an increase of Rs.315/- per quintal over the previous Marketing season 2024-25. Government of India has increased MSP of Raw jute from Rs.2400 /-per quintal in 2014-15 to Rs.5,650/- per quintal in 2025-26, registering an increase of Rs. 3250/- per quintal (2.35 times).
The MSP amount paid to Jute growing famers during the period 2014-15 to 2024-25 was Rs. 1300 Crore while during the period 2004-05 to 2013-14, amount paid was Rs. 441 Crore.
Livelihood of 40 Lakh farm families directly or indirectly depends on Jute Industry. About 4 Lakh workers get direct employment in Jute mills and trade in Jute. Last year jute was procured from 1 Lakh 70 thousand farmers. 82% of Jute farmers belong to West Bengal while rest Assam and Bihar have 9% each of jute production share.
The Jute Corporation of India (JCI) will continue as Central Government Nodal Agency to undertake Price Support Operations and the losses incurred, if any, in such operations, will be fully reimbursed by the Central Government.