CMN Resolution No. 4,939 — Adjusts Rules of the Rural Credit Manual (MCR) for Pronaf Beneficiaries and ABC Program

RESOLUTION NO.

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 4,939, OF AUGUST 26, 2021

Adjusts rules of Section 2 (Beneficiaries) of Chapter 1 (Preliminary Provisions), of Table 2 of Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 (Financial Charges and Credit Limits), and of Section 7 (Program for Reduction of Greenhouse Gas Emissions in Agriculture – ABC Program) of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual (MCR).

The Central Bank of Brazil, under the terms of Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on August 26, 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, and § 3 of Art. 3 of Law No. 11,326, of July 24, 2006,

R E S O L V E D:

Art.
1º Section 2 (Beneficiaries) of Chapter 1 (Preliminary Provisions) of the Rural Credit Manual (MCR) shall be in effect with the following alteration:

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b) observe the gross revenue limit of R$4,800,000.00 (four million and eight hundred thousand reais) for the purpose of applying the provisions of §§ 1 and 2 of Art. 4 of Law No. 10,522, of July 19, 2002.” (NR)

Art.
2º Table 2 (Credit Limits for Financing under the National Program for Strengthening Family Agriculture – Pronaf), of Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall be in effect with the following alterations:

“Table 2 – Credit Limits for Financing under the National Program for Strengthening Family Agriculture (Pronaf), respecting the debt limits referred to in MCR 10-1-34
Purpose/Beneficiary				Value			Additional Conditions
Credits for Beneficiaries of PNCF, PNRA and PCRF (MCR 10-3)
1 - Working Capital Credit: beneficiaries classified in Group “A/C”				R$9,000.00			a) the same beneficiary may take up to 3 (three) working capital credits under this line.
2 - Investment Credit: beneficiaries classified in Group “A” whose financing project does not include remuneration for technical assistance				R$30,000.00			a) limit per beneficiary; b) this limit may be divided into up to 3 (three) operations, according to the technical project, upon proof of payment capacity and, in case of more than one operation, the normal situation and correct application of resources of the previous operation; c) the sum of credits is limited to the maximum limit in effect at the time of the first operation; d) the beneficiary who contracted an investment operation based on items 2 or 3 of this line may not contract the credit provided for in item 4.
3 - Investment Credit: beneficiaries classified in Group “A” whose financing project includes remuneration for technical assistance				R$31,500.00
4 - Investment Credit: PNRA beneficiaries with annual family gross income up to R$20 thousand, according to MCR 10-2-1-“f”, and who do not hire permanent salaried labor				R$4,000.00			a) limit per agricultural year; b) the same beneficiary may contract up to 3 (three) financings, conditioned on the prior settlement of the previous financing; c) the sum of financings granted under this line, with right to compliance bonus, shall not exceed R$12,000.00; d) beneficiaries who have already reached the limit with right to compliance bonus may access new credits under the conditions of Pronaf Microcrédito Produtivo Rural – Group “B” (MCR 10-13), except regarding the compliance bonus, which in this case will not be applied, provided that the classification criteria of that credit line are met; e) the beneficiary who has contracted investment operations under the conditions established in this item may only contract the credit provided for in item 2 or 3 after the settlement of the operations contracted in the form of this item.
Working Capital Credit (MCR 10-4)
1 - all Pronaf beneficiaries, except those classified in groups “A” and “A/C”				R$250,000.00			a) limit per agricultural year; b) within the financing limit provided for in this item, the borrower may contract a new working capital operation in the same harvest, provided that the subsequent credit is intended for a crop different from the previously financed one or for livestock working capital; c) the following are not computed for classification purposes in this limit: I - financings contracted under the Pronaf Working Capital for Family Agroindustries line (MCR 10-11); II - expenses provided for in MCR 2-3-1; III - financings intended for the working capital of tobacco culture carried out outside the scope of Pronaf.
Investment Credit - Pronaf Mais Alimentos (MCR 10-5)
1 - construction or reform of housing in a rural property owned by the borrower or a third party			R$60,000.00							a) limit per agricultural year; b) when construction or reform occurs on a third-party property, the CPF of both must appear as holders in a valid DAP, observed that each borrower may have only one “pending” operation for this purpose; that the economic viability of the activities developed in the borrower’s productive unit must be defined in the technical project for payment of the credit; and that, in the case where the object of the financing is carried out on a third-party rural property, the owner must guarantee the credit operation and agree to formally cede to the borrower the location of the construction or the housing to be reformed, for a period of not less than 25 (twenty-five) years.
2 - swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming			R$400,000.00							a) limit per agricultural year; b) financing of construction, reform or expansion of permanent improvements and installations, machinery, equipment, including irrigation, and agricultural and livestock equipment and storage structures, for common use, is admitted, in the form of collective credit, provided that the individual limit per participating beneficiary is observed and that the sum of the values of individual operations and the beneficiary’s participation in the collective operation does not exceed the limit of up to R$400,000.00 for activities of swine farming, poultry farming, aquaculture, crustacean farming and fruit farming per beneficiary and per agricultural year, or up to R$200,000.00 for other enterprises and purposes.
3 - other enterprises and purposes			R$200,000.00
Investment Credit - Pronaf Agroindustry (MCR 10-6)
1 - natural person			R$200,000.00							a) limit per agricultural year, applicable to one or more operations; b) in the case of a rural family enterprise, the individual limit of R$200,000.00 per co-owner or partner must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; c) in the case of a family agriculture cooperative, the limit of R$45,000.00 per member listed in the DAP issued for the cooperative must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; d) the individual credit limit of R$45,000.00, related to operations with cooperatives, is independent of the limits for natural or legal persons under this line; e) other conditions: I - up to 30% (thirty percent) of the financing value may be destined for investment in the agricultural production subject to benefitting, processing or marketing; II - up to 15% (fifteen percent) of the financing value of each agroindustrial unit may be applied to the central management support unit, in the case of network agroindustries, or, when it is the case of isolated agroindustries, for payment of services such as accounting, product development, quality control, managerial and financial technical assistance; III - it is admitted that in the individual investment plan or project there is provision for the use of part of the financing resources for collective use enterprises.
2 - legal person - rural family enterprise: milk producer condominium			R$7,000,000.00
3 - legal person - rural family enterprise: others			R$400,000.00
4 - legal person - family agriculture cooperative			R$35,000,000.00
Investment Credit - Pronaf Forest (MCR 10-7)
1 - exclusively for agroforestry system projects, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$60,000.00							a) the same family production unit may contract up to 2 (two) financings under Pronaf Forest; b) the second financing is conditioned on the payment of at least two installments of the previous financing and the presentation of a technical assistance report confirming the regularity situation of the financed enterprise and payment capacity; c) for beneficiaries classified in Groups “A”, “A/C” and “B”, the option provided for in MCR 10-1-23 applies, regarding the risk of the operation.
2 - other purposes, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$33,000.00
3 - beneficiaries classified in Groups “A”, “A/C” and “B”: all purposes			R$18,000.00
Investment Credit - Pronaf Semi-Arid (MCR 10 - 8)
1 - all purposes and beneficiaries of the Credit Line					R$24,000.00	a) limit per beneficiary; b) at least 50% (fifty percent) of the credit value must be destined to the implementation, construction, expansion, recovery or modernization of water infrastructure, and the remaining value of the credit must be destined to planting, cultural practices and implementation, expansion, recovery or modernization of other production infrastructures and agricultural and non-agricultural services, in accordance with the release schedule contained in the technical project or simplified proposal; c) the same family production unit may maintain up to 2 (two) financings “pending” on this line, with the contracting of the second being conditioned on the payment of 1 (one) installment of the previous financing and the presentation of a technical assistance report confirming the regularity situation of the financed enterprise and payment capacity; d) the option provided for in MCR 10-1-23 may be applied, regarding the risk of the operation.
Investment Credit - Pronaf Woman (MCR 10-9)
1 - beneficiaries classified in Groups “A”, “A/C” and “B”	R$3,000.00								a) for beneficiaries classified in Groups “A”, “A/C” and “B”: I - limit per beneficiary, regardless of the number of operations; II - the sum of financings with right to compliance bonus granted to families of female farmers shall not exceed R$9,000.00, or R$18,000.00 when the PNMPO methodology is applied; III - upon reaching this limit, the granting of new credits is conditioned on the prior settlement of previous financing, except in the case of operations extended by authorization of the National Monetary Council (CMN); IV - female farmers who have already reached the operational ceiling with right to compliance bonus, if they prove that they continue to be classified in Groups “A”, “A/C” and “B”, by presenting the Declaration of Aptitude for Pronaf (DAP) to the financial agent, are eligible for new credits under the same conditions of Section Microcrédito Produtivo Rural - Group “B” (MCR 10-13), except regarding the compliance bonus, which in this case will no longer be applied; b) in the financing for construction or reform of housing, the additional condition of item “b” of item 1 of Pronaf Mais Alimentos (MCR 10-5) of this table must be respected; c) in the financing for the purposes provided for in items 4 and 5, the additional condition of item “b” regarding items 2 and 3 of Pronaf Mais Alimentos (MCR 10-5) of this table may be applied; d) the same family production unit may maintain up to 2 (two) financings under Pronaf Woman; e) the contracting of the new financing is conditioned on the settlement or payment of at least 3 (three) installments of the previous financing and the presentation of a technical assistance report confirming the regularity situation of the financed enterprise and payment capacity; f) limit per agricultural year for the purposes provided for in items 3, 4 and 5.
2 - beneficiaries classified in Groups “A”, “A/C” and “B” whose financing projects adopt the methodology of the National Program for Guided Productive Microcredit (PNMPO)	R$6,000.00
3 - other beneficiaries: construction or reform of housing	R$60,000.00
4 - other beneficiaries: swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming	R$400,000.00
5 - other beneficiaries: other purposes	R$200,000.00
Investment Credit - Pronaf Youth (MCR 10-10)
1 - youth aged between 16 and 29 years, member of a family unit classified in Pronaf	R$20,000.00								a) up to 3 (three) financings may be granted for each beneficiary, with the contracting of the new credit being conditioned on the prior settlement of the previous financing; b) the option provided for in MCR 10-1-23 applies, regarding the risk of the operation.
Industrialization Credit - Pronaf Industrialization of Family Agroindustry (MCR 10-11)
1 - natural person - rural producer	R$45,000.00								a) limits per agricultural year, applicable to one or more operations; b) the limit of R$45,000.00 per partner listed in the DAP issued for the rural family enterprise or for the cooperative must be observed, according to the technical project and the economic-financial feasibility study of the enterprise; c) financing to the central cooperative must attend to at least two singular cooperatives affiliated with it, observed the limit of R$45,000.00 per member listed in the DAP issued for the cooperative, relative to the products delivered by the singular cooperatives, as well as their storage, conservation and sale, provided that the products have not been the object of financing granted to the same singular cooperatives under this line, respecting the technical project and the economic-financial feasibility study of the enterprise.
2 - legal person - rural family enterprise	R$210,000.00
3 - legal person - singular family agriculture cooperative	R$15,000,000.00
4 - legal person - central family agriculture cooperative	R$30,000,000.00
Credit for Integration of Partnership Shares - Pronaf Partnership Shares (MCR 10-12)
1 - rural producer	R$40,000.00								a) the credit may be granted in one or more operations; b) the sum of the values of credit operations contracted by the same borrower may not exceed the limits defined for this credit line; c) in the credit for cooperative, the limit of R$40,000.00 per participating member of a financed project must also be observed.
2 - agricultural production cooperative	R$40,000,000.00
Investment Credit - Pronaf Microcrédito Produtivo Rural - Group “B” (MCR 10-13)
1 - beneficiaries whose financing projects adopt the methodology of the National Program for Guided Productive Microcredit (PNMPO)	R$6,000.00								a) limits per beneficiary, regardless of the number of operations; b) the sum of financings with right to compliance bonus granted to families of farmers from this group shall not exceed R$9,000.00 or, when the PNMPO methodology is applied, R$18,000.00; c) upon reaching the limit per beneficiary, the granting of new credits under this credit line is conditioned on the prior settlement of previous financing, except in the case of operations extended by authorization of the National Monetary Council (CMN); d) farmers who have already reached the operational ceiling with right to compliance bonus, if they prove that they continue to be classified in Group “B”, by presenting the “Declaration of Aptitude for Pronaf (DAP)” to the financial agent, are eligible for new credits in this group, under the same conditions of this credit line, except regarding the compliance bonus, which in this case will no longer be applied.
2 - other beneficiaries	R$3,000.00
Investment Credit - Pronaf Agroecology (MCR 10-14)
1 - swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming		R$400,000.00						a) limit per agricultural year.
2 - other purposes		R$200,000.00
Investment Credit - Pronaf Bioeconomy (MCR 10-16)
1 - all purposes		R$200,000.00					a) limit per agricultural year.
Investment Credit - Pronaf Produtivo Orientado (MCR 10-17)
1 - family rural producers, whose enterprise is located in the areas of operation of the Constitutional Financing Funds of the Northeast (FNE), North (FNO) and Center-West (FCO)		Minimum of R$18,000.00 and maximum of R$40,000.00					a) limits per operation and agricultural year; b) the same family production unit may maintain up to 2 (two) financings “pending” on this credit line, with the second only being able to finance Technical Assistance and Rural Extension (Ater) and be entitled to the compliance bonus in values proportional to the additional years of technical assistance previously financed, and also upon presentation of a technical assistance report confirming the regularity situation of the financed enterprise and payment capacity.

” (NR)

Art.
3º Section 7 (Program for Reduction of Greenhouse Gas Emissions in Agriculture – ABC Program) of Chapter 11 (Programs with BNDES Resources) of the MCR shall be in effect with the following alteration:

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d) .....................................................................................................................

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XIV - purchase of machines, implements and equipment, including for the implementation of irrigation systems, for agriculture and livestock, biodigesters, machines and equipment for carrying out composting and for production and storage of energy, limited to 40% (forty percent) of the financed value, with the exception of the item related to MCR 11-7-1-“c”-VII, whose financing limit may be up to 100% (one hundred percent) of the value of the project to be financed;

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Art. 4º This Resolution enters into force on September 1, 2021.

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