The National Monetary Council (CMN) approved this Thursday (30), the increase in the financing limits of the industrialization credit line for Family Agroindustry, of the National Program for Strengthening Family Agriculture (Pronaf).
With that, the limit goes from R$ 15 million to R$ 25 million per cooperative, with a ceiling per larger active member, from R$ 45 thousand to R$ 60 thousand.
The measure is valid for hiring until June 30 of this year and covers cooperatives with at least 75% of active participants benefiting from Pronaf, provided that 75% of the financed production comes from family farming.
Currently, the requirements for access to this line are 60% of participants and 55% of production from family farming.
The CMN is a collegiate body chaired by the Minister of Finance, Fernando Haddad, and composed of the President of the Central Bank, Roberto Campos Neto, and the Minister of Planning, Simone Tebet.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
