CMN Resolution No. 4,904 — Amends the Rural Credit Manual (MCR)

Resolution No. 4,904

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 4,904, OF APRIL 29, 2021

Amends Section 4-A of Chapter 2 (Basic Conditions), Section 6 of Chapter 7 (Financial Charges and Credit Limits), Sections 1 and 9 of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) and Section 1 of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual (MCR) governed by CMN Resolutions No. 4,883, of December 23, 2020, No. 4,899, of March 25, 2021, and No. 4,889, of February 26, 2021.

The Central Bank of Brazil, under the provisions of Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on April 29, 2021, according to Arts. 4, item VI, of Law No. 4,595, of 1964, 4 and 14 of Law No. 4,829, of November 5, 1965, 1 of Law No. 10,177, of January 12, 2001, and with § 3 of Art. 3 of Law No. 11,326, of July 24, 2006,

R E S O L V E D:

Art. 1 Section 4-A
(Methodology for Calculating Rural Interest Rates of the Constitutional Financing Funds - TRFC) of Chapter 2 (Basic Conditions) of the annex to CMN Resolution No. 4,883, of December 23, 2020, shall enter into force with the following alteration:

"10

• For the definition of interest rates for rural credit operations supported by Pronaf, carried out with resources from the Constitutional Financing Funds of the North, Northeast, and Center-West, the methodologies defined in the Methodology Section for Calculating Rural Credit Interest Rates (TCR) of this Chapter shall be observed." (NR)

Art. 2 The column
Purpose/Beneficiary referring to Pronaf for Beneficiaries of PNCF, PNRA, and PCRF (MCR 10-3) of Table 1 (Financial Charges for Financing Supported by the National Program for Strengthening Family Agriculture - Pronaf, from 7/1/2020) of Section 6 (National Program for Strengthening Family Agriculture - Pronaf) of Chapter 7 (Financial Charges and Credit Limits) of the annex to CMN Resolution No. 4,899, of March 25, 2021, shall enter into force with the following alterations:

"2

• Investment Credit: beneficiaries classified in Group "A"
  whose financing project does not include remuneration for technical assistance" (NR)

"3

• Investment Credit: beneficiaries classified in Group "A"
  whose financing project includes remuneration for technical assistance" (NR)

Art. 3 The column
Purpose/Beneficiary referring to Credits for Beneficiaries of PNCF, PNRA, and PCRF (MCR 10-3) of Table 2 (Credit Limits for Financing Supported by the National Program for Strengthening Family Agriculture - Pronaf, from 7/1/2020, respecting the debt limits referred to in MCR 10-1-34) of Section 6 of Chapter 7 of the annex to CMN Resolution No. 4,899, of 2021, shall enter into force with the following alterations:

"2

• Investment Credit: beneficiaries classified in Group "A"
  whose financing project does not include remuneration for technical assistance" (NR)

"3

• Investment Credit: beneficiaries classified in Group "A"
  whose financing project includes remuneration for technical assistance" (NR)

Art. 4 The column Additional Conditions referring to Investment Credit - Pronaf Mulher (MCR 10-9) of
Table 2 of Section 6 of Chapter 7 of the annex to CMN Resolution No. 4,899, of 2021,
shall enter into force with the following alteration:

"c) for the financing of the purposes provided for in items 4 and 5, the additional condition of item "b" referring to items 2 and 3 of Pronaf Mais Alimentos (MCR 10-5) of this table may be applied;" (NR)

"f) limit per agricultural year for the purposes provided for in items 3, 4, and 5."
(NR)

Art.
5 The column Additional Conditions referring to Investment Credit - Pronaf Agroecology (MCR 10-14) of Table 2 of Section 6 of Chapter 7 of the annex to CMN Resolution No. 4,899, of 2021, shall enter into force with the following alteration:

"a) limit per agricultural year." (NR);

Art. 6 Section 1 (General Provisions) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the annex to CMN Resolution No. 4,889, of February 26, 2021, shall enter into force with the following alterations:

"14

• ........................................................................................................................

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g) investment credit supported and under the conditions of Sections Program for Capitalization of Agricultural Cooperatives (Procap-Agro), Program for Cooperative Development for Value Addition to Agricultural Production (Prodecoop) or Program for Construction and Expansion of Warehouses (PCA), of the Chapter Programs with BNDES Resources, when related to actions classified in Section Investment Credit for Income Aggregation (Pronaf Agroindustry), destined for a production cooperative, observed that, except for the credit line provided for in MCR 11-2-3, the beneficiary who has contracted credit supported by the Pronaf Agroindustry Section is prohibited from contracting new credit in these BNDES lines, and that who has contracted credit in these BNDES lines is prohibited from contracting new credit supported by the Pronaf Agroindustry Section, in the same agricultural year;

h) investment credit supported and under the conditions of the Program for Construction and Expansion of Warehouses (PCA) Section, of the Chapter Programs with BNDES Resources, respecting the condition for cooperatives, as provided in item "g"." (NR)

Art. 7 Section 9 (Investment Credit for Women - Pronaf Mulher) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf) of the annex to CMN Resolution No. 4,889, of 2021, shall enter into force with the following alteration:

"1

• ..........................................................................................................................

................................................................................................................................

c) reimbursement:

I - for beneficiaries classified in Groups "A", "A/C" or "B": the terms established for the Section Productive Rural Microcredit (Group "B");

II - for the remaining beneficiaries: the terms established in the Section Investment Credits (Pronaf Mais Alimentos) of the Chapter National Program for Strengthening Family Agriculture (Pronaf) for investment financing." (NR)

Art.
8 Section 1 (General Provisions) of
Chapter 11 (Programs with BNDES Resources) of the annex to CMN Resolution No.
4,889, of 2021, shall enter into force with the following alteration:

"1

• Rural credit programs with resources from the National Bank for Economic and Social Development (BNDES) and the Special Industrial Financing Agency (FINAME), subject to subsidy by the National Treasury, must observe the general rules of rural credit and the specific conditions defined for each financing line." (NR)

Art. 9 This Resolution enters into force on May 1, 2021.

Roberto de Oliveira Campos
Neto
President of the Central Bank of Brazil