The government announces up to R15 billion in financing companies – Worth Rich

Photo: Gustavo Mansur/Palácio Piratini

President Luiz Inácio Lula da Silva (PT) signed on Wednesday (29) a temporary measure that provides financing for companies in Rio Grande do Sul in the event of a climate crisis that has hit the country since the end of April, according to information from the g1 portal.

The projects have a limit of R300 million rands for equipment purchase lines and financing projects. Emergency funding for small businesses is limited to R50 million, while large companies can finance up to R400 million.

“There is no key to who can enter it. Small and medium-sized companies can also access it, but medium and large companies can use financing at unprecedented interest rates in the country”, said the Executive Secretary of Finance, Dario Durigan.

In a ceremony held at Palácio do Planalto, President Lula signed a temporary measure authorizing financing lines, rural credit expansion and other credit measures for small and medium-sized companies.

“We have changed the way we deal with climate problems in this country. From now on, any region with a climate problem will have to get special treatment. That is why we are working to create a plan ahead, to try to prevent things from happening in this country,” said Lula during the event.

“I hope that the president of the Central Bank sees our determination to reduce the interest rate and he, who knows, will cooperate with us by reducing the Selic rate so that we can borrow at a cheaper interest rate, a cheaper spread”, he stressed. the president.

Extension of rural credit

The government will also approve an additional contribution of R600 million from the Operational Guarantee Fund (FGO) to advance credit operations for small and medium-sized rural producers.

According to Durigan, farmers who were already facing losses due to climate change are complaining about not having access to programs that are already funded by Strengthening Family Farming (Pronaf) and Support for Medium Rural Producers (Pronamp).

With the additional contribution from FGO, the idea is to help these farmers who cannot maintain their operations under Pronaf and Pronamp.

Other steps

The government has announced that it will allow credit unions to start operating within Pronampe (National Program to Support Small Businesses and Small Businesses). Pronampe is a financing program for small businesses. With this measure, the aim is to increase access to credit for these businesses.

In addition, the Ministry of Science, Technology and Innovation will provide a line of credit through the Studies and Projects Financier (Finep). There is up to R1.5 billion in reference value (TR, used to adjust savings and FGTS).

Part of these resources will be allocated to small, medium and large companies. According to the ministry, up to 40% of the loan can be used for infrastructure investment in research, development and innovation.

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