CMN Resolution No. 4946 — Adjusts Norms of Section 4 (Moderagro Program) of Chapter 11 of the Rural Credit Manual (MCR)

Resolution No. 4,946

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

CMN RESOLUTION NO. 4,946, OF SEPTEMBER 30, 2021

Adjusts norms of Section 4 (Agricultural Modernization and Natural Resource Conservation Program – Moderagro) of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual (MCR).

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on September 30, 2021, in accordance with Articles 4, item VI, of Law No. 4,595, of 1964, and Articles 4 and 14 of Law No. 4,829, of November 5, 1965,

RESOLVES:

Article 1. Section 4 (Agricultural Modernization and Natural Resource Conservation Program – Moderagro) of Chapter 11 (Program with BNDES Resources) of the Rural Credit Manual (MCR) shall enter into force with the following alteration:

“2

• Financing for the construction, installation, and modernization of improvements destined for the segments of aquaculture, poultry farming, shrimp farming, swine farming, sheep and goat farming, fish farming, and dairy cattle is prohibited, when it concerns items eligible for the Technological Innovation Incentive Program in Agricultural and Livestock Production (Inovagro).” (NR)

Article 2. This Resolution enters into force on the date of its publication.

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