SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CCEA increases MSP for raw jute to Rs 3,500 per quintal for 2017-18 season

13 Apr 2017 Evaluate

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the increase in the Minimum Support Price (MSP) for raw Jute for 2017-18 season. The CCEA has increased the MSP to a level of Rs 3,500 per quintal for 2017-18 season which indicates an increase of Rs 300 (9.4%) over the previous year.

During last three years (2015-16, 2016-17 & 2017-18), Government has increased the MSP for jute from Rs 2,700 to Rs 3,500 (29.6%) as compared to increase from Rs 2,200 to Rs 2,400 (9.1%) in the preceding three years (2012-13, 2013-14 & 2014-15).

The increase in MSP would benefit the Jute industry which supports the livelihood of around 40 lakh farm families and provides direct employment to 3.7 lakh workers in organized mills and in diversified units including tertiary sector and allied activities. These farm families are mainly concentrated in the States of West Bengal, Bihar and Assam which account for over 95% of the area as well as jute production in the country.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×