Regulatory Alerts2020-06-18 | Resolução CMN 4828CMN Resolution No. 4828 - Adjusts Rules for Operations under the National Program for Strengthening Family Agriculture (Pronaf)
The National Monetary Council, via the Central Bank of Brazil, amends the Rural Credit Manual to update regulations for the National Program for Strengthening Family Agriculture (Pronaf). The resolution establishes a total debt limit of R$40,000 for borrowers, introduces specific credit lines for housing, collective investments, and bioeconomy, and sets transitional rules for the 2020/2021 agricultural year. It also redefines eligible activities for renewable energy and sociobiodiversity investments while adjusting financing conditions for dendê and rubber tree cultivation.
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