SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt increases minimum support price of raw jute to Rs 5,050 per quintal for 2023-24 season

27 Mar 2023 Evaluate

The government has increased the minimum support price (MSP) of raw jute by Rs 300 to Rs 5,050 per quintal for 2023-24 season. The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi. Information and Broadcasting Minister Anurag Thakur has said that the approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP).

The MSP of Raw Jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs 5,050 per quintal for 2023-24 season. Thakur said the decision would ensure a return of 63.2 per cent over the all India weighted average cost of production.

The announced MSP of raw jute for 2023-24 season is in line with the principle of fixing the 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 Jute Corporation of India (JCI) will continue as the 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.

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:

×