The Jute Corporation of India

What The Jute Corporation of India does

The Jute Corporation of India Limited (JCI) is a Central Public Sector Enterprise (CPSE) under the Ministry of Textiles, Government of India, established in 1971 and headquartered at Patsan Bhavan, New Town, Kolkata. It is the designated nodal agency for implementing Minimum Support Price (MSP) operations in India's jute sector, procuring raw jute directly from approximately 4 million jute-growing farmer families across six states (West Bengal, Bihar, Assam, Odisha, Andhra Pradesh, Tripura) through a network of 110+ Departmental Purchase Centres and 14 Regional Offices. MSP operational losses are fully reimbursed by the Union Government, and JCI also receives direct subsidy funding (Rs 41.58 crore approved for FY 2025-26) to maintain its procurement infrastructure. Beyond MSP, JCI undertakes commercial trading of raw jute supplied to Indian jute mills on a daily quote basis, and sells jute diversified products (eco-friendly bags, office stationeries, agrotextiles, and geotextiles) through a franchisee FOFO model.

JCI's technology stack centres on the Jute Crop Information System (JCIS), a digital crop monitoring platform developed in collaboration with ISRO and the National Jute Board. JCIS integrates satellite imagery, vegetation indices, weather analytics, and geo-tagged field data collected through the BHUVAN JUMP mobile application, supplemented by PATSAN analytics, the Jute Passbook farmer identification system, and SMS-based advisories under the Jute I-CARE programme. These tools support near real-time crop estimation, yield forecasting, flood impact assessment, and farmer outreach. CRIJAF SONA microbial retting consortium adoption has reduced retting time from 18-22 days to 12-14 days with 10% higher fiber recovery, and certified seed distribution has lifted yields from 23-24 to 29-30 quintals per hectare.

JCI's revenue model combines three streams: (1) MSP procurement operations with government loss reimbursement, (2) commercial trading of raw jute to jute mills on a transaction-fee basis, and (3) sale of jute diversified products (hardware sales) through franchisees. Government-set MSP for raw jute stood at Rs 5,925 per quintal for the 2026-27 season (up from Rs 2,400 in 2014-15), and certified jute seeds are supplied to farmers at 50% of market price under Jute I-CARE. JCI is wholly owned by the Government of India, with no private shareholders, no stock exchange listing, and reports a profit after tax of Rs 56.82 crore on Rs 608 crore turnover for FY 2024-25.

Name

The Jute Corporation of India

Legal name

The Jute Corporation of India Limited

Website

https://jutecorp.in

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

The Jute Corporation of India is a Government of India central public sector enterprise under the Ministry of Textiles that procures raw jute at Minimum Support Prices from approximately 4 million jute farmers across six states, stabilizes the raw jute market, supplies jute mills, and operates the ISRO-backed Jute Crop Information System (JCIS) for crop monitoring.

Ownership category

akta.pro rank

Product category

Agricultural Commodity Procurement

NAICS

Farm Product Warehousing and Storage (493130), Grain and Field Bean Merchant Wholesalers (424510)

SIC

Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Public Commercial Grain Warehouses (USDA/State-Licensed) (AFAOACAA)

Keywords

• Raw jute procurement
• Minimum support price
• Jute diversified products
• Agricultural commodity trading
• Jute crop monitoring

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. MSP Procurement Operations: JCI procures raw jute directly from farmers at government-declared Minimum Support Price (MSP) to protect them from market fluctuations and distress sales. Operational losses are fully reimbursed by the Union government. This is the primary mandate of the corporation.
2. Commercial Trading of Raw Jute: Beyond MSP operations, JCI undertakes commercial trading of raw jute, supplying mills and other buyers to maintain market stability and generate revenue. Disposal is done through daily quote basis.
3. Government Subsidy for Infrastructure: JCI receives government subsidy to maintain infrastructure including 110 Departmental Purchase Centres, 14 Regional Offices, and manpower across 6 jute-growing states for MSP preparedness. SFC approved subsidy for F.Y. 2025-26 is Rs. 41.58 crore.
4. Jute Diversified Products (JDP): Sale of eco-friendly jute bags, jute-made office stationeries, jute geotextiles, and jute agrotextiles through franchisee model and direct procurement.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

The Jute Corporation of India Limited (JCI) is a Government of India nodal agency that procures raw jute directly from farmers at government-declared Minimum Support Price (MSP) through 110+ Departmental Purchase Centres across six jute-growing states, protecting farmers from market fluctuations and distress sales. Beyond MSP operations, JCI undertakes commercial trading of raw jute to supply jute mills at market-determined rates, and distributes a range of jute diversified products (eco-friendly jute bags, office stationeries, agrotextiles, and geotextiles) through a franchisee network. The corporation also implements the Jute I-CARE scheme providing subsidized certified seeds, mechanization support, and farmer training.

Product overview

The Jute Corporation of India operates as a government enterprise under the Ministry of Textiles, offering a portfolio of products and services centered around raw jute procurement, price stabilization, and jute diversified products (JDP). The core offerings include: (1) MSP Operations for raw jute procurement directly from farmers at government-declared minimum support prices; (2) Commercial Trading of raw jute for market stabilization; (3) Jute Diversified Products including eco-friendly jute bags, office stationeries, agrotextiles, and geotextiles; (4) Technology platforms including the Jute Crop Information System (JCIS) with BHUVAN JUMP mobile app and PATSAN analytics for crop monitoring. The company also runs the Jute I-CARE program to support farmers with quality seeds, mechanization tools, and scientific cultivation practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Raw Jute (Commercial) Commercial trading of raw jute by JCI beyond MSP operations, supplying jute mills and industrial buyers to maintain market stability. Disposal is conducted through daily quote basis.
• Eco-friendly Jute Bags Jute diversified products including hand bags, tote bags, laptop bags, shopping bags, and fashion accessories made from eco-friendly jute fiber for retail consumers, offices, and corporate buyers.
• Jute made Office Stationeries Eco-friendly office stationery products made from jute including file folders, organizers, mouse pads, card holders, pen holders, and other sustainable office supplies for corporate and institutional buyers.
• Jute Agrotextile Specialized jute textiles for agricultural applications including soil moisture conservation, mulching, and crop protection, sold to agricultural users and infrastructure contractors.
• Jute Geotextiles Geotextile products made from jute used in infrastructure development, soil conservation, and environmental protection applications, sold to infrastructure contractors and environmental project buyers.
• Subsidized Certified Jute Seeds (Jute I-CARE) 100% certified jute seeds distributed to farmers at 50% of market price under the Jute I-CARE scheme. Varieties include JRO-204, JBO-2003H, CO-58, JRO G1, JROM 1, JBO 1, JRC 532. Distributed through empanelled franchisees and Young Professionals (Master Trainers) across 54+ blocks in major jute-growing states.
• Jute Crop Information System (JCIS) A digital crop monitoring platform developed in collaboration with ISRO, integrating satellite imagery, vegetation indices, weather analytics, and geo-tagged field data to enable near real-time monitoring of jute cultivation, improve crop estimation, and support flood impact assessment across major jute-growing regions.

Quantifiable outcome

• 61.8% return over production cost through MSP
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• North Eastern Handicrafts and Handlooms Development CorporationminorStrategic or Co-development Partner · 19 March 2026MoU partner for enhancing jute value chain in North-East India. Focus on improving market access, procurement systems, and value addition for jute products from the region.
• Indian Space Research Organisation (ISRO)coreTechnology or Integration · 1 January 2023Collaboration for developing Jute Crop Information System (JCIS), a digital crop monitoring platform integrating satellite imagery, vegetation indices, and weather analytics. ISRO provides the BHUVAN platform and geospatial technology for crop monitoring across jute-growing regions.
• National Jute Board (NJB)coreStrategic or Co-development PartnerJoint implementation of JCIS platform and Jute I-CARE scheme. NJB leads the I-CARE initiative while JCI serves as implementation partner for MSP operations and farmer outreach.
• Ministry of TextilescoreOthersAdministrative ministry overseeing JCI operations. The ministry coordinates jute sector policy, MSP declarations, and multi-agency initiatives including JCIS expansion and North-East jute value chain development.
• Central Research Institute of Jute & Allied Fibres (CRIJAF)coreStrategic or Co-development PartnerResearch partner for Jute I-CARE scheme. CRIJAF developed CRIJAF SONA microbial consortium for improved retting, provides technical training, and supports SMS advisory content for farmers.
• Webstep Technologies Private LimitedminorOthersTechnology vendor for website design and development. Developed and maintains JCI's official website and enterprise systems including OmniManage Fusion DX platform.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• National Jute Board (NJB): Statutory body under Ministry of Textiles for jute sector development, policy, and promotion. Closely intertwined with JCI — jointly implements Jute I-CARE scheme and JCIS platform; serves overlapping jute ecosystem stakeholders.
• Cheviot Company Limited: Listed Indian jute manufacturing company producing jute yarn, hessian, sacking, and diversified jute products. Counterparty buyer of raw jute from JCI and a peer in the jute products value chain.
• Glosters Limited (India): Major Indian jute mill operator and manufacturer of jute textiles, yarns, and sacking products. Direct customer/buyer of JCI's raw jute and a comparable participant in the Indian jute value chain on the manufacturing side.
• Small Farmers Agri-Business Consortium (SFAC): Autonomous body under Ministry of Agriculture for agribusiness facilitation, farmer aggregation, and MSP-linked procurement. Comparable mandate in supporting small/marginal farmers and integrating them into procurement value chains.
• National Agricultural Cooperative Marketing Federation of India (NAFED): Nodal procurement agency for oilseeds, pulses, and horticultural crops under MSP and Price Support Scheme operations. Closest functional peer to JCI — implements similar government-mandated procurement from farmers at MSP across multiple states with cooperative structures.
• Cotton Corporation of India (CCI): Government of India undertaking under Ministry of Textiles (same administrative parent as JCI) executing MSP operations for cotton. Direct peer in the textile-fiber MSP ecosystem with analogous nodal-agency mandate, loss reimbursement, and farmer procurement operations.

Regional players

• MARKFED (Punjab State Cooperative Supply & Marketing Federation): State-level nodal agency for procurement and marketing of agricultural produce in Punjab. Regional peer with analogous farmer procurement operations under MSP framework, though focused on a single state.

Broad incumbents

• Food Corporation of India (FCI): Largest Central Public Sector Enterprise (CPSE) under Ministry of Consumer Affairs, executing MSP procurement and food grain distribution across India. Analogous nodal-agency role to JCI but for food grains (wheat, rice) — direct functional peer in the government procurement ecosystem.
• Indian Farmers Fertiliser Cooperative (IFFCO): Largest Indian cooperative serving Indian farmers with fertilizer, agri-inputs, and rural services. Comparable large-scale farmer-facing CPSE/cooperative in the agricultural ecosystem, though operating in inputs rather than procurement.

Others

• National Commodity & Derivatives Exchange (NCDEX): Leading Indian commodity derivatives exchange trading agricultural commodities including jute. Adjacent ecosystem participant that provides price discovery for raw jute, complementing JCI's physical procurement and market stabilization role.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/jutecorporation
• Facebookfacebook.com/jutecorporation
• LinkedInlinkedin.com/company/the-jute-corporation-of-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about The Jute Corporation of India