CMN Resolution No. 5150 — Amends the Name and Adjusts Norms of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual – MCR

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

CMN RESOLUTION NO. 5,150,
OF JULY 3, 2024

Amends the name and adjusts norms of Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual – MCR.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on July 2, 2024, considering the provisions of Art. 4, caput, item VI, of Law No. 4,595, of December 31, 1964, Arts. 4 and 14 of Law No. 4,829, of November 5, 1965, and Arts. 48 and 49 of Law No. 8,171, of January 17, 1991,

R E S O
L V E U :

Art.
1º Chapter 11 (Programs with BNDES Resources) of the Rural Credit Manual – MCR shall henceforth be named Agroinvestment Programs (InvestAgro).

Art.
2º Section 1 (General Provisions) of Chapter 11 (Agroinvestment Programs – InvestAgro) of the MCR shall enter into force with the following alterations:

“1 - The agroinvestment programs subject to subsidy by the National Treasury must observe general rural credit norms and the specific conditions defined for each financing line.” (NR)

“4 - The financial institution, at its discretion and in cases where temporary difficulty for loan repayment is proven due to the situations provided for in MCR 2-6-4, may renegotiate the installments of rural investment credit operations contracted with resources subsidized by the National Treasury, with maturity in the civil year, provided that the financial institution attests to the need for extension and demonstrates the borrower's repayment capacity, observing the following conditions:

.........................................................................................................................” (NR)

“10 - The risk of the operation is that of the operating financial institution.” (NR)

Art.
3º Section 2 (Cooperative Capitalization Program for Agro-industries – Procap-Agro) of Chapter 11 of the MCR shall enter into force with the following alterations:

“2 -
............................................................................................................................

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

j) ...............................................................................................................................

I - the sum of the values of credit operations contracted cannot exceed the limits set forth in the Section Agroinvestment Programs (InvestAgro) of the Chapter Financial Charges and Credit Limits, even if the contracting is carried out in distinct harvests;

.........................................................................................................................” (NR)

“3 -
............................................................................................................................

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

d) it is admitted, respecting the other requirements, the granting of more than one credit operation referred to in this item to the same beneficiary, observed that the sum of the outstanding balance “in force” of the credit operations contracted from 7/1/2011 must not exceed the limits set forth in the Section Agroinvestment Programs (InvestAgro) of the Chapter Financial Charges and Credit Limits, even if the contracting is carried out in distinct harvests;

.........................................................................................................................” (NR)

Art. 4º Section 3 (Irrigated Agriculture and Protected Cultivation Financing Program – Proirriga) of Chapter 11 of the MCR shall enter into force with the following alterations:

“1 - ............................................................................................................................

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

d) repayment: up to 8 (eight) years, including up to 1 (one) year of grace period;

.........................................................................................................................” (NR)

Art. 5º Section 7 (Financing Program for Sustainable Agro-industrial Production Systems – RenovAgro) of Chapter 11 of the MCR shall enter into force with the following alterations:

“1 - ............................................................................................................................

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

c)
...............................................................................................................................

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VIII - implementation, improvement and maintenance of palm tree forests for energy use, prioritized in degraded productive areas (RenovAgro Palm Trees);

.........................................................................................................................” (NR)

Art. 6º Section 9 (Program for Construction and Expansion of Warehouses – PCA) of Chapter 11 of the MCR shall enter into force with the following alterations:

“1 - ............................................................................................................................

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

e) repayment: up to 10 (ten) years, including up to 2 (two) years of grace period.” (NR)

Art. 7º Item 9 of Section 1 of Chapter 11 of the MCR is hereby revoked.

Art. 8º This Resolution enters into force on the date of its publication.

GABRIEL
MURICCA GALÍPOLO
President of the Central Bank of Brazil substitute