Question
According to procurement arrangements for Raw Jute MSP
operations, which organisation acts as the Central Government’s nodal agency for price support operations?Solution
The Jute Corporation of India (JCI) has been designated as the Central Government’s nodal agency for implementing price support operations for Raw Jute procurement. Under the MSP mechanism, JCI procures raw jute from farmers when market prices fall below the minimum support price. Any financial losses incurred by JCI during procurement operations are fully reimbursed by the Central Government, ensuring stable income support for jute growers.
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