Prime Minister Shri Narendra Modi will be visiting the United States of America during 21-23 September 2024. During the visit, Prime Minister will take part in the fourth Quad Leaders’ Summit in Wilmington, Delaware, which is being hosted by the President of the United States of America, H.E. Joseph R. Biden, Jr. on 21 September 2024. Following the request of the US side to host the Quad Summit this year, India has agreed to host the next Quad Summit in 2025.

At the Quad Summit, the leaders will review the progress achieved by the Quad over the last one year and set the agenda for the year ahead to assist the countries of the Indo-Pacific region in meeting their development goals and aspirations.

 ⁠On 23 September, Prime Minister will address the ‘Summit of the Future’ at the United Nations General Assembly in New York. The theme of the Summit is ‘Multilateral Solutions for a Better Tomorrow’. A large number of global leaders are expected to participate in the Summit. On the sidelines of the Summit, Prime Minister would be holding bilateral meetings with several world leaders and discuss issues of mutual interest.

While in New York, Prime Minister will address a gathering of the Indian community on 22 September. Prime Minister would also be interacting with CEOs of leading US-based companies to foster greater collaborations between the two countries in the cutting-edge areas of AI, quantum computing, semiconductors and biotechnology. Prime Minister is also expected to interact with thought leaders and other stakeholders active in the India-US bilateral landscape.

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୭୮ତମ ସ୍ୱାଧୀନତା ଦିବସ ଅବସରରେ ଲାଲକିଲ୍ଲାରୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ଶ୍ରୀ ନରେନ୍ଦ୍ର ମୋଦୀଙ୍କ ଅଭିଭାଷଣ

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୭୮ତମ ସ୍ୱାଧୀନତା ଦିବସ ଅବସରରେ ଲାଲକିଲ୍ଲାରୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ଶ୍ରୀ ନରେନ୍ଦ୍ର ମୋଦୀଙ୍କ ଅଭିଭାଷଣ
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Minimum Support Prices (MSP) for Raw Jute for 2025-26 Season
January 22, 2025

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.