<h1>Minimum Support Price for raw jute to bolster producer returns and mandate government reimbursement for procurement losses.</h1> Approval sets the Minimum Support Price for raw jute for the 2022-23 season in accordance with recommendations, raising the MSP to secure a substantial margin over the all-India weighted average cost of production and to incentivise quality jute fibre. The Jute Corporation of India is designated as the Central Government nodal agency to undertake price support operations, and any losses incurred in such operations will be fully reimbursed by the Central Government.