Question
Consider the following statements about the Raw Jute MSP
approved for 2026-27: 1. The MSP is ₹5,925 per quintal for TD-3 Grade 2. The return over cost of production is 61.8% 3. The nodal procurement agency is NAFED 4. The MSP has risen 2.5 times since 2014-15 when it was ₹2,400 per quintal Which of the above statements are correct?Solution
Statement 3 is incorrect — the nodal procurement agency for raw jute is the Jute Corporation of India (JCI), not NAFED. NAFED handles pulses procurement. Statements 1, 2, and 4 are all factually accurate as per the Cabinet Committee on Economic Affairs approval.
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