JCI Recruitment 2021 Accountant & Other 63 Vacancies

December 27, 2021

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JCI Recruitment 2021 Accountant & Other 63 Vacancies

Jute Corporation of India Recruitment 2021 has released a Notification for 63 Accountant & Other Posts. The Jute Corporation of India Limited (JCI) was incorporated by the Government Of India in 1971 as a price support agency with a clear mandate for the procurement of raw jute / mesta without any quantitative limit from the growers at the Minimum Support Price (MSP) declared in each year by the Government Of India based on the recommendations made by Commission for Agricultural Cost & Prices (CACP). This protects the jute growers from exploitations in the hands of the middlemen. The basic objective is not profit-making but a social cause to protect the interest of about 4.00 million families engaged in farming of jute, most of whom are small/marginal farmers. Therefore, the presence of JCI in the market provides stability in the raw jute prices.

Traditionally the jute trade in India has been controlled by middlemen, with a large difference between what the mills pay and what the farmers receive. The jute industry suffers from wide fluctuations in price and supply due to rapid changes in the area cultivated and to the effects of the weather. High prices one year may lead to over-planting and a glut the next year. Both the growers and the mills that use the crop suffer from these fluctuations. International users have shifted to synthetic fibres in part due to the uncertain supply and in part to high export duties imposed by the Indian government. The government has had to take over the operations of mills that could not compete in this difficult market. The JCI was established in an attempt to stabilize prices, create a buffer stock for the mills and ensure that farmers received a fair return.

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