About 61,000 rural producers from the Northeast Development Superintendence (Sudene) affected by the drought will have one year more to pay the installments of the emergency credit line granted or renegotiated last year. At an extraordinary meeting, the National Monetary Council (CMN) approved the extension of financing.
Installments with maturity in 2025 may be paid until one year after the end of the contract. The borrower shall request, by June 30, the extension in bank branches and justify the difficulty in paying the benefits this year.
According to the Ministry of Finance, the measure will benefit 60,804 family farmers and farmers, totaling R $ 941.54 million. Of this total, 50,290 are rural costing operations and 11,549 investment operations.
In February last year, CMN had granted a special line of livestock credit to family farmers and other categories of rural producers affected by drought in the Sudene area, which covers the Northeast and municipalities of northern Minas Gerais.
In addition to instituting the emergency rural credit line of Livestock Cost, the CMN resolution of 2024 authorized the renegotiation of rural credit and investment operations contracted with resources from the Northeast Constitutional Fund (FNE). The measure benefited producers of municipalities that decreed a situation of emergency or state of public calamity because of the drought in Sudene’s area of activity.
The emergency credit line was available until June 30 last year. FNE renegotiation requests could be made until December 30.
