The National Bank for Economic and Social Development (BNDES) reopened the contracting of new credit lines from the Federal Government Agricultural Programs (PAGFs) for the 2021/2022 harvest.
The reopening was authorized by the National Treasury Secretariat, an organ of the Ministry of Economy’s structure, and will cover family and business agriculture.
Altogether, the BNDES foresees the release of R$ 1.9 billion to rural producers divided between seven initiatives: ABC (low carbon agriculture); Inovagro (technological innovations); Moderagro (modernization); Procap Agro (working capital); Pronamp (average producer); Proirriga (irrigation) and Pronaf (family farming).
In February of that year, the development bank suspended new requests for financing for rural credit in the country, made by the 2021/22 Safra Plan.
In April, CNN showed that BNDES extended the suspension until release, now in June. So far, the plan has already resulted in R$ 16.6 billion being made available to 65,600 farmers.
The bank points out that, even during the suspension of the Safra Plan in recent months, it continued to provide credit to producers and cooperatives through other solutions, such as BNDES Crédito Rural.
The Safra Plan was created by the federal government in 2003, with the aim of guaranteeing credit for Brazilian farmers to invest and pay for production.
The program brings together a set of public policies that cover the services of Technical Assistance and Rural Extension, credit, production insurance, price guarantee, commercialization and economic organization of families residing in the countryside.
Source: CNN Brasil
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