PLAN SAFRA 2018/19 WILL HAVE R $ 194 BILLION OF CREDIT

PLAN SAFRA 2018/19 WILL HAVE R $ 194 BILLION OF CREDIT

Chamber Articles Category: Agribusiness Post Date: 06/07/18 Source: Datagro By: Datagro
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In a ceremony at the Palácio do Planalto, President Michel Temer announced this morning (06) the Agricultural Plan for Livestock (PAP) 2018/2019, which provided about R $ 194 billion of credit, reduced interest rates and expanded the National Program of Support to the Medium Rural Producer (Pronamp) to R $ 2 million, the previous limit was R $ 1.76 million.

For the Agricultural Livestock Plan, R $ 194.37 billion of rural credit will be reserved. Interest rates fell 1.5%. Farmers will be able to access resources from July 1. Of the total funds released, R $ 151.1 billion will be for funding, of which R $ 118.8 billion with interest rates at government-set rates and R $ 32.3 billion with free interest, that is, negotiated between the financial institution and the producer. The investment credit was R $ 40 billion. Read Full Article