- It is at worth of Rs 5,050 per quintal in comparison to the previous season.
- The hike is in accordance with the principle of fixing the Minimum support price. It is at a level of a minimum of 1.5 times of the cost of production compared. It was as announced in Budget 2018-19.
- The Union minister for information and broadcasting , Anurag Thakur mentioned in the budget 2018-19.
- A return of 63.20% over the all-India weighted average cost of production is resulted by the hike in MSP of raw jute. This hike would help 4 million farmers and millions of workers associated with the jute industry.
- The government has kept reservations of 100% for food grains and20% for sugar to be packaged in jute bags.70% of the total production of jute goods is used for packaging of foodgrain as reserved by the government.
Question:
Q.1 Minimum support price for jute increased by _______
a. 6%
b. 3%
c. 5%
d. 7%
a. 6%
b. 3%
c. 5%
d. 7%
