CMN Resolution No. 5331 — Discipline Credit Line with Resources from the National Fund for Scientific and Technological Development (FNDCT) via Decentralized Credit

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 an extraordinary session held on July 23, 2026, considering the provisions of Article 4, caput, item VI, of Law No. 4,595 of December 31, 1964, Articles 4 and 14 of Law No. 4,829 of November 5, 1965, and Article 15-A of Law No. 11,540 of November 12, 2007,

R E S O L V E S:

Article 1. The credit line constituted with resources from the Research and Innovation Financing Agency – Finep originating from the National Fund for Scientific and Technological Development – FNDCT shall be executed through decentralized credit granted by development agencies, development banks, or official credit institutions accredited by Finep, limited to R$10,000,000,000.00 (ten billion reais), with the objective of financing technological dissemination projects based on innovative national equipment for agricultural production.

§ 1. Only technological dissemination projects based on innovative national equipment for agricultural production, aimed at promoting technological incorporation, productive modernization, expansion of innovation, and increase in productivity and sustainability of agricultural production, as per the list prepared by Finep and published on its website, may be financed by the credit line referred to in the caput.

§ 2. The decentralized credit referred to in the caput is considered rural credit.

Article 2. The contracting of credit operations with resources from the line referred to in Article 1 must comply with the following conditions:

I - beneficiaries: rural producers (individuals or legal entities) and their agricultural production cooperatives;

II - location of the financed enterprise: national territory;

III - credit limit: up to R$30,000,000.00 (thirty million reais);

IV - financial charges to the borrower: compensatory interest, applied to the principal debt, pro rata temporis, composed by the Reference Rate – TR, published by the Central Bank of Brazil, and increased by the remunerations referred to in items V and VI;

V - Finep remuneration: 3% p.a. (three percent per year);

VI - remuneration of the financial institution accredited by Finep: up to 4% p.a. (four percent per year);

VII - repayment term: up to five years, with no grace period, according to the beneficiary's payment capacity, with annual installment payments; and

VIII - risk of the operation, including credit risk: of the financial institution accredited by Finep.

§ 1. The application of the remunerations referred to in items V and VI of the caput shall occur in a compounded manner, resulting in financial charges of up to 7.12% p.a. (seven and twelve hundredths percent per year).

§ 2. If the beneficiary has already contracted an operation in other decentralized credit lines of Finep within the same calendar year, the financing value shall be limited to the difference between the value established in item III of the caput and the value of the already contracted operation.

§ 3. Branches of legal entities with headquarters abroad or legal entities whose majority of voting capital belongs to individuals or legal entities residing, domiciled, or headquartered abroad may not be beneficiaries of the credit line referred to in this Resolution.

Article 3. To carry out credit operations subject to this Resolution, the financial institution accredited by Finep must observe the following conditions and procedures:

I - possess authorization to operate in rural credit;

II - comply with legislation and regulations regarding the fulfillment of social, environmental, and climatic requirements, as well as registration regularity applicable to the beneficiary or the property where the enterprise is located;

III - adhere to the principles of economy and the productive nature of the application of resources; and

IV - issue the financial instruments provided for by regulation to formalize rural credit operations.

Article 4. In the realization of credit operations regulated by this Resolution, the conditions and procedures to be observed by financial institutions accredited by Finep, as well as the contractual conditions agreed upon with beneficiaries, are subject to the norms of the Rural Credit Manual – MCR applicable to operations with controlled resources, provided they do not conflict with the provisions of this Resolution.

§ 1. The operations referred to in this Resolution are not subject to the renegotiation rules provided in the Rural Credit Manual.

§ 2. Respecting the provision in § 1, if the beneficiary and the financial institution accredited by Finep renegotiate the debt in another manner, payments to Finep must be maintained according to the original contractual terms.

§ 3. It is not Finep's responsibility to supervise the accredited financial institutions regarding compliance with legislation related to credit.

Article 5. The contracting period for the credit line referred to in this Resolution shall be limited:

I - to the period during which Provisional Measure No. 1,374 of June 30, 2026, is in force;

II - to the period during which the law resulting from the conversion of Provisional Measure No. 1,374 of June 30, 2026, into its exact terms is in force; or

III - to the term that may be provided for in the law resulting from the conversion of Provisional Measure No. 1,374 of June 30, 2026, if applicable.

Article 6. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO

President of the Central Bank of Brazil