Jute Corporation of India (JCI)
Kartavya Desk Staff
Source: TH
Context: The Jute Corporation of India (JCI) raised the Minimum Support Price (MSP) for raw jute from ₹5,335 to ₹5,650 per quintal for the 2025–26 crop year to curb distress selling by farmers.
About Jute Corporation of India (JCI):
• What it is: JCI is a government-owned price support agency tasked with procuring raw jute at MSP from farmers to ensure fair prices and prevent exploitation.
• Headquarters: Kolkata, West Bengal.
• Established in: 1971 under Companies Act, 1956.
• Parent Ministry: Ministry of Textiles, Government of India.
• Organisational Structure: Operates through Departmental Purchase Centres (DPCs) and cooperatives.
• Key Functions and Initiatives
• MSP Procurement: Buys raw jute/mesta from farmers without quantitative limit at MSP fixed by GoI on CACP’s recommendation. Helps stabilize market prices and insulates farmers from middlemen. Price Stabilisation: Intervenes in the market via commercial and MSP operations to maintain optimal price range across the jute year. Sales and Linkages: Conducts sales through B-Twill linkage, e-auctions, and tenders for mills and industries. Jute I-CARE Project: Implements scientific retting, seed certification, and modern farming technologies across jute-growing regions. Partners with CRIJAF to promote enzyme-based retting and use of certified seeds. Farmers’ Outreach and Training: Organises Krishi Melas and DPC-level training on grading, yield enhancement, and government schemes (PMFBY, PMKSY). Promotes cashless payments, digital awareness, and inclusive farming practices. Diversified Products Promotion: Markets eco-friendly products like jute bags, stationery, upholstery, enhancing farmer income and sustainable consumption. Remote Sensing with ISRO: Uses space-based data to assess soil, moisture, and crop health for strategic MSP operations.
• MSP Procurement: Buys raw jute/mesta from farmers without quantitative limit at MSP fixed by GoI on CACP’s recommendation. Helps stabilize market prices and insulates farmers from middlemen.
• Buys raw jute/mesta from farmers without quantitative limit at MSP fixed by GoI on CACP’s recommendation.
• Helps stabilize market prices and insulates farmers from middlemen.
• Price Stabilisation: Intervenes in the market via commercial and MSP operations to maintain optimal price range across the jute year.
• Sales and Linkages: Conducts sales through B-Twill linkage, e-auctions, and tenders for mills and industries.
• Jute I-CARE Project: Implements scientific retting, seed certification, and modern farming technologies across jute-growing regions. Partners with CRIJAF to promote enzyme-based retting and use of certified seeds.
• Implements scientific retting, seed certification, and modern farming technologies across jute-growing regions.
• Partners with CRIJAF to promote enzyme-based retting and use of certified seeds.
• Farmers’ Outreach and Training: Organises Krishi Melas and DPC-level training on grading, yield enhancement, and government schemes (PMFBY, PMKSY). Promotes cashless payments, digital awareness, and inclusive farming practices.
• Organises Krishi Melas and DPC-level training on grading, yield enhancement, and government schemes (PMFBY, PMKSY).
• Promotes cashless payments, digital awareness, and inclusive farming practices.
• Diversified Products Promotion: Markets eco-friendly products like jute bags, stationery, upholstery, enhancing farmer income and sustainable consumption.
• Remote Sensing with ISRO: Uses space-based data to assess soil, moisture, and crop health for strategic MSP operations.