Cabinet Committee on Economic Affairs approved a Minimum Support Price (MSP) of ₹5,650 per quintal for raw jute in 2025-26, reflecting a 2.35-fold increase since 2014-15. This decision supports jute farmers and their livelihoods, aligning with the government's commitment made in the 2018-19 Budget to set MSP at a level of at least 1.5 times the cost of production.