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CMN adjusts rural credit standard on financing for fisheries and aquaculture

Press Release

Board also set standards for investment operations under Pronaf

1 - Deals with adjustments to the general rural credit rules dealing with financing for fisheries and aquaculture and to the rules to be applied to investment operations contracted under the National Program for Strengthening Family Farming (Pronaf).

I - The National Monetary Council (CMN), in order to clarify doubts and unlock financing operations for aquaculture, amended the rule to clarify that there is no need to present the General Register of Fishing Activity (RGP) when it comes to credit. for aquaculture.

The RGP is a key document for the control of vessels used in extractive fishing but, according to the Ministry of Agriculture, Livestock and Supply (MAPA), is not necessary in the case of investments for aquaculture.

II - The CMN also defined that the implements, harvesters and their cutting platforms, self-propelled spraying and fertilizing agricultural machines financed under Pronaf, can only be financed with a fixed interest rate up to 4.6% per annum or post-tax rate. -fixed fixed part up to 0.20% pa, plus the Monetary Adjustment Factor (FAM).

The measure aims to make better use of the amount of funds available for investments in other items related to the purposes or projects whose rates are most favored.