Resolution CMN No. 5,082 — Defines Financial Charges and Credit Limits for Credit Lines and Programs and Adjusts TCR Calculation Methodology

Resolution No. 5,082

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

RESOLUTION
CMN No. 5,082, OF JUNE 29, 2023

Defines the financial charges and credit limits for the Credit Lines and Programs covered in Chapter 7 (Financial Charges and Credit Limits) and adjusts the rules of Section 4 (Methodology for calculating Rural Credit Interest Rates – TCR) of
Chapter 2 (Basic Conditions) of the Rural Credit Manual.

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 a session held on June 29, 2023, considering the provisions of art. 4, item VI, of Law No. 4,595, of 1964, arts. 4 and 14 of Law No. 4,829, of November 5, 1965, the sole paragraph of art. 4 of Decree No. 94,874, of September 15, 1987, art. 6 of Law No. 10,186, of February 12, 2001, and §§ 3 and 4 of art. 3 of Law No. 11,326, of July 24, 2006,

R E S O L V E S:

Art. 1º Section 4
(Methodology for calculating Rural Credit Interest Rates – TCR) of Chapter 2 (Basic Conditions) of the Rural Credit Manual (MCR) shall be amended as follows:

“18 -
.................................................................................................................

a) effective interest rate of 3.00% p.a.: -0.5587893;

b) effective interest rate of 4.00% p.a.: -0.4004921;

c) effective interest rate of 5.00% p.a.: -0.2421948;

d) effective interest rate of 6.00% p.a.: -0.0838975;

e) effective interest rate of 7.00% p.a.: 0.0743997;

f) effective interest rate of 8.00% p.a.: 0.2326970;

g) effective interest rate of 8.50% p.a.: 0.3118456;

h) effective interest rate of 10.50% p.a.: 0.6284401;

i) effective interest rate of 11.00% p.a.: 0.7075887;

j) effective interest rate of 11.50% p.a.: 0.7867373;

k) effective interest rate of 12.00% p.a.: 0.8658860;

l) effective interest rate of 12.50% p.a.: 0.9450346.”
(NR)

Art. 2º Section 1
(Financing without Linkage to a Specific Program) of Chapter 7 (Financial Charges and Credit Limits) of the MCR shall be amended as follows:

						---	---	---	---		“ Table 1: Financial Charges for Financing without Linkage to a Specific Program					Purpose / Beneficiary	Effective interest rate up to (% p.a.)		Additional Conditions		Fixed-rate	Post-fixed (*)		Working Capital Credits (MCR 3-2), Investment Credits (MCR 3-3), Marketing Credits (MCR 3-4), Industrialization Credits (MCR 3-5)					1 - Working Capital Credits (MCR 3-2), Marketing Credits (MCR 3-4), including those under the Special Financing for Storage of Agricultural Products - FEE (MCR 3-4-11), and Industrialization Credits (MCR 3-5), with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization	12.00%	-	a) the provisions of MCR 3-2-6-A apply to working capital credits contracted with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization.		2 - Investment Credits (MCR 3-3), when subsidized by the Union in the form of financial charge equalization	10.50%	3.73% + FAM	a) the post-fixed interest rate does not apply to financing with Rural Savings resources (MCR 6-4).		3 - Rural investment credit under the same conditions applicable to Programs with BNDES Resources (MCR 11), for all beneficiaries, in operations subsidized by the Union in the form of financial charge equalization	current financial charges for Programs with BNDES Resources (MCR 7-7)	current financial charges for Programs with BNDES Resources (MCR 7-7)	-		4 - all purposes, in rural credit operations with non-controlled resources	-	-	a) financial charges freely agreed upon by the parties, observing that, in the case of Rural Savings resources, the following shall be used as a basis: I - the basic remuneration applicable to savings deposits with an anniversary date on the day of signing the respective contract, plus an effective interest rate; or II - a fixed effective interest rate.	(*) Post-fixed interest rate composed of a fixed part plus the Monetary Adjustment Factor (FAM).” (NR)

Art. 3º Section 4
(National Program for Supporting the Medium Rural Producer – Pronamp) of Chapter 7 of the MCR shall be amended as follows:

“Table 1: Financial Charges for Financing under the National Program for Supporting the Medium Rural Producer – Pronamp (MCR 8)
Purpose / Beneficiary	Effective interest rate up to (% p.a.)
Fixed-rate	Post-fixed(*)
Working Capital Credit (MCR 8-1-1) and Revolving Working Capital Credit (MCR 8-1-4)
1 - All beneficiaries of this Program	8.00%	a) the provisions of MCR 3-2-6-A apply to working capital credits contracted with Mandatory Resources (MCR 6-2) or when subsidized by the Union in the form of financial charge equalization.
Investment Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	8.00%	1.38% p.a. + FAM

(*) Post-fixed interest rate composed of a fixed part plus the Monetary Adjustment Factor (FAM).” (NR)

“Table 2 - Credit Limits for Financing under the National Program for Supporting the Medium Rural Producer (Pronamp)
Beneficiary / Purpose	Value per beneficiary, in each agricultural year and across the National Rural Credit System (SNCR)	Additional Conditions
Working Capital Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	R$1,500,000.00	a) the beneficiary who takes working capital credit under Pronamp is prohibited from receiving, in the same agricultural year, working capital credit with Controlled Resources outside the scope of Pronamp, except those taken under the constitutional regional financing funds.
Revolving Working Capital Credit (MCR 8-1-4)
1 - All beneficiaries of this Program	R$80,000.00	a) the amount taken in revolving working capital credit will be deducted, in each agricultural year, from the Working Capital Credit limit (MCR 8-1-1).
Investment Credit (MCR 8-1-1)
1 - All beneficiaries of this Program	R$600,000.00	a) per agricultural year; b) investment credit for collective enterprises must observe the individual limit of each participant.

” (NR)

Art. 4º The line Credit for Recovery of Damaged Coffee Plantations (MCR 9-7) of Table 2: Credit Limits for Financing with Resources from the Coffee Economy Defense Fund (Funcafé) of Section 5 (Coffee Economy Defense Fund – Funcafé) of Chapter 7 of the MCR shall be amended as follows:

“Table 2: Credit Limits for Financing with Resources from the Coffee Economy Defense Fund (Funcafé)
Purpose / Beneficiary	Value per agricultural year	Additional Conditions
Working Capital Credit (MCR 9-2)
1 - Coffee grower	R$3,000,000.00	a) the limit considers all values taken for working capital with Controlled Resources (MCR 6-1) across the entire National Rural Credit System (SNCR); b) subject to the individual limit of R$500,000.00 per active member of the production cooperative.
2 - Production cooperative	R$50,000,000.00
Marketing Credit (MCR 9-3)
1 - Coffee grower	R$4,500,000.00	a) the limit considers, cumulatively, all values taken for marketing with Controlled Resources, in each crop and across the entire SNCR; b) in credit for production cooperatives, the limit of R$4,500,000.00 per active member must be observed.
2 - Production cooperative	50% of annual processing or industrialization capacity, per rural producer cooperative that processes or industrializes the product
Financing for Coffee Acquisition – FAC (MCR 9-4)
1 - Coffee roasting industry, soluble coffee industries, processors, exporters	R$40,000,000.00	a) respecting the limit of 50% of annual processing or industrialization capacity; b) observing the provisions of item 2 of the General Provisions of Table 2: Limits for Credits to Agricultural Production Cooperatives (MCR 7-3).
2 - Coffee grower cooperatives that carry out processing, roasting, or coffee export activities
Credit for Options Contracts and Futures Market Operations (MCR 9-5)
1 - Coffee grower	R$80,000.00	a) regardless of the limits of other financing lines with Funcafé resources or other rural credit sources.
2 - Production cooperative	R$40,000.00 per active member who deposited coffee production at the cooperative for price protection
Credit for Working Capital for Soluble Coffee and Coffee Roasting Industries and for Production Cooperatives (MCR 9-6)
1 - Soluble coffee industry	R$40,000,000.00	-
2 - Coffee roasting industry	R$5,000,000.00	-
3 - Production cooperative	R$50,000,000.00	a) the financing must observe the limit of 25% of the volume of coffees, per crop, received until September 30 of each year, multiplied by the prevailing minimum price.
Credit for Recovery of Damaged Coffee Plantations (MCR 9-7)
1 - Coffee grower with minimum loss of 10% of the crop due to climatic events:		a) the limit may consider the area of more than one property.
a) uprooting	R$750,000.00	a) limited to R$25,000.00 per hectare of coffee crop to be recovered.
b) topping	R$300,000.00	a) limited to R$6,000.00 per hectare of coffee crop to be recovered.
c) skeletonization	R$750,000.00	a) limited to R$15,000.00 per hectare of coffee crop to be recovered.
d) coppicing	R$750,000.00	a) limited to R$18,000.00 per hectare of coffee crop to be recovered.

” (NR)

Art. 5º Section 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 of the MCR shall be amended as follows:

“Table 1: Financial Charges for Financing under the National Program for Strengthening Family Agriculture (Pronaf)
Purpose / Beneficiary	Effective interest rate up to (% p.a.)		Compliance Bonus and Additional Conditions
Fixed-rate	Post-fixed(*)
Credit for Beneficiaries of PNCF, PNRA, and PCRF and for Indigenous and Quilombola People (MCR 10-3)
1 - Working Capital Credit: beneficiaries classified in Group “A/C”	1.5%	-	-
2 - Investment Credit: beneficiaries classified in Group "A" whose financing project does not include remuneration for technical assistance	0.5%	-	a) compliance bonus of 40% (forty percent) on each installment of the principal paid by its due date.
3 - Investment Credit: beneficiaries classified in Group "A" whose financing project includes remuneration for technical assistance	0.5%	-	a) compliance bonus of 42.169% (forty-two and one hundred sixty-nine thousandths percent) on each installment of the principal paid by its due date.
Working Capital Credit (MCR 10-4)
1 - cultivation of sociobiodiversity products: blackberry, andiroba, araticum, araçá, extractive açaí, babaçu, bacaba, bacuri, baru, cream potato, extractive rubber, buriti, extractive cocoa, cagaita, cashew, cambuci, Brazil nut/Brazil nut, copaíba, cupuaçu, yerba mate, guabiroba, guarana, jaborandi, jabuticaba, jambu, jatobá, jenipapo, juçara, licuri, macaúba, mangaba, murici, murumuru, ora-pro-nóbis, patauá, pequi, piaçava, pine nut, managed pirarucu, pitanga, pupunha, taioba, taperebá, tucumã, umbu, urucum, uxi, and meliponiculture; 2 - products inserted in agroecological production systems or in transition to agroecological systems, according to methodology defined in a portaria from MDA; 3 - organic production systems, according to MAPA Ordinance No. 52, of March 15, 2021;	3.00%
4 - cultivation of rice, beans, cowpea, cassava, wheat, peanut, garlic, tomato, onion, yam, sweet potato, white potato, pineapple, banana, cultivated açaí, cultivated cocoa, orange, tangerine, vegetables, medicinal, aromatic, and condiment herbs;	4.00%	-	a) for collective operations, the effective interest rate will be determined by the individual value obtained by the criterion of proportional participation.
5 - cultivation of corn, whose operations summed up reach a value of up to R$20,000.00 per borrower in each agricultural year;	4.00%	-
6 - livestock financing for beekeeping, dairy cattle, laying poultry, aquaculture, and fishing, sheep and goat farming, and ecologically sustainable extractive exploration;	4.00%	-
7 - acquisition of animals for rearing and fattening; operations for corn cultivation that, summed up, exceed the value of R$20,000.00, per borrower in each agricultural year; and other crops and breeding not covered by the previous purposes.	6.00%	-
Investment Credit – Pronaf More Food (MCR 10-5)
1 - acquisition and installation of protected cultivation structures, including automation equipment for these crops	4.00%	-2.37% + FAM	-
2 - construction of silos, expansion and construction of warehouses and cold rooms for storing grains, fruits, tubers, bulbs, vegetables, and fibers	4.00%	-2.37% + FAM	-
3 - acquisition of milk cooling tanks and milking machines	4.00%	-2.37% + FAM	-
4 - aquaculture and fishing	4.00%	-2.37% + FAM	-
5 - acquisition of tractors and associated implements, combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing	5.00%	-1.44% +FAM	-
6 - other enterprises and purposes of the Program	6.00%	-0.50% + FAM	-
Investment Credit – Pronaf Agroindustry (MCR 10-6)
1 - all beneficiaries and purposes of the Credit Line	6.00%	-0.50% + FAM	-
Investment Credit – Pronaf ABC+ Forest (MCR 10-7)
1 - all beneficiaries and purposes of the Credit Line	4.00%	-2.37% + FAM	-
Investment Credit – Pronaf ABC+ Semi-Arid (MCR 10 - 8)
1 - all beneficiaries and purposes of the Credit Line	4.00%	-2.37% + FAM	-
Investment Credit – Pronaf Women (MCR 10-9)
1 - beneficiaries classified in Groups "A", "A/C", and "B", including financing projects that adopt the methodology of the National Program for Guided Productive Microcredit (PNMPO)	0.50%	-	a) the compliance bonuses established in items "a" or "b" of Pronaf Rural Productive Microcredit (Group "B"), in this table, apply.
2 - beneficiaries whose annual gross family income, as defined in MCR 10-2-1-“f”, is higher than the income for classification in Group “B” and lower than R$100,000.00 (one hundred thousand reais), who do not hire permanent salaried labor	4.00%	-	-
3 - other beneficiaries: adoption of conservation practices for the use, management, and protection of natural resources, including correction of soil acidity and fertility and acquisition, transport, and application of inputs for these purposes	4.00%	-2.37% + FAM	-
4 - other beneficiaries: formation and recovery of pastures, hayfields, and other forage species, production and conservation of forage, silage, and hay for animal feed	4.00%	-2.37% + FAM	-
5 - other beneficiaries: implementation, expansion, and renovation of water capture, storage, and distribution infrastructure, including acquisition and installation of water reservoirs, electrical infrastructure, and equipment for irrigation	4.00%	-2.37% + FAM	-
6 - other beneficiaries: acquisition and installation of protected cultivation structures, including automation equipment for these crops	4.00%	-2.37% + FAM	-
7 - other beneficiaries: construction of silos, expansion and construction of warehouses and cold rooms for storing grains, fruits, tubers, bulbs, vegetables, and fibers	4.00%	-2.37% + FAM	-
8 - other beneficiaries: acquisition of milk cooling tanks and milking machines	4.00%	-2.37% + FAM	-
9 - other beneficiaries: ecologically sustainable extractive exploration	4.00%	-2.37% + FAM	-
10 - other beneficiaries: acquisition of tractors and associated implements, combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing	5.00%	-1.44% +FAM
11 - other beneficiaries: other enterprises and purposes of the Program	6.00%	-0.50% + FAM	-
Investment Credit – Pronaf Youth (MCR 10-10)
1 - all purposes and beneficiaries of the Credit Line	4.00%	-2.37% + FAM	-
Industrialization Credit – Pronaf Family Agroindustry Industrialization (MCR 10-11)
1 - all purposes and beneficiaries of the Credit Line	6.00%	-	-
Credit for Integration of Partnership Shares – Pronaf Partnership Shares (MCR 10-12)
1 - all purposes and beneficiaries of the Credit Line	6.00%	-	-
Investment Credit – Pronaf Rural Productive Microcredit – Group “B” (MCR 10-13)
1 - all purposes and beneficiaries of the Credit Line	0.5%	-	a) compliance bonus of 25% (twenty-five percent) on each installment of the debt paid by its due date; b) compliance bonus of 40% (forty percent) on each installment of the debt paid by its due date when the PNMPO methodology is adopted and only for financing destined to enterprises located in the semi-arid area of the jurisdiction of the Superintendency for the Development of the Northeast (Sudene) and in the area of operation of the Superintendency for the Development of the Amazon (Sudam), and only when the project involves financing of items related to the following actions: I - production systems with water reserve; II - production systems with food reserve for animals; III - recovery and strengthening of regional food crops; IV - recovery and strengthening of livestock and small breeding; V - agroindustry for diversification and value addition to production; VI - irrigated agriculture in the semi-arid region; VII - agroecological or organic production systems; VIII - ecologically sustainable extractive exploration.
Investment Credit – Pronaf ABC+ Agroecology (MCR 10-14)
1 - all purposes and beneficiaries of the Credit Line	4.00%	-2.37% + FAM	-
Investment Credit –Pronaf ABC+ Bioeconomy (MCR 10-16)
1 - for silviculture, understood as the act of implanting or maintaining forest plantations generating different products, timber and non-timber; and	6.00%	-0.50% + FAM	-
2 - for other purposes	4.00%	-2.37% + FAM	a) Financing for the acquisition of tractors and associated implements, combines and their cutting platforms, as well as self-propelled agricultural machines for spraying and fertilizing, when related to the enterprises and purposes of this item, must observe the financial charge defined in item 1.
Investment Credit – Pronaf Guided Productive (MCR 10-17)
1 - all purposes and beneficiaries of the Credit Line	4.00%	-2.37% + FAM	a) fixed compliance bonus of R$4,500.00, which may be increased to R$6,000.00 when the credit is destined for financing of enterprises in municipalities in the North region, granted proportionally to each installment of the debt (principal and charges) paid by the due date.

(*) Post-fixed interest rate composed of a fixed part plus the Monetary Adjustment Factor (FAM). ”(NR)

“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 and for Indigenous and Quilombola People (MCR 10-3)
1 - Operating Credit: beneficiaries classified in Group “A/C”			R$12,000.00			a) limit per agricultural year; b) the same beneficiary may contract only 3 (three) operating credits under this line; c) after reaching the limit of 3 (three) operations, the beneficiary who opts to contract new operating credit under Pronaf is subject to the conditions provided for other operating credit lines of Pronaf.
2 - Investment Credit: beneficiaries classified in Group “A” whose financing project does not include remuneration for technical assistance			R$40,000.00			a) total 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 from the previous operation; c) the sum of credits is limited to the maximum limit in effect at the time of the first operation; d) after reaching the limit of operations provided in items 2 or 3, the beneficiary who opts to contract new investment credit under Pronaf is subject to the conditions provided for other investment credit lines of Pronaf.
3 - Investment Credit: beneficiaries classified in Group “A” whose financing project includes remuneration for technical assistance			R$41,500.00
Operating 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 in this item, the borrower may contract new operating operations in the same harvest, provided that the subsequent credit is intended for a crop different from the previously financed one or for livestock operating credit; c) the following are not counted for purposes of classification in this limit: I - financings contracted under the Pronaf Operating Credit for Family Agroindustries line (MCR 10-11); II - expenses provided for in MCR 2-3-1; III - financings intended for operating tobacco culture carried out outside the scope of Pronaf.
Investment Credit – Pronaf Mais Alimentos (MCR 10-5)
1 - construction or renovation of housing on rural property owned by the borrower or a third party			R$70,000.00			a) limit per agricultural year; b) when construction or renovation occurs on a third-party property, the Individual Taxpayer Registry (CPF) numbers of both must appear as holders in DAP or in a valid Pronaf National Register of Family Agriculture document (CAF-Pronaf), noting that each borrower may have only one operation “in progress” for this purpose; the economic viability of activities developed in the borrower’s productive unit for payment of the credit must be defined in the technical project; and, in the case where the financing object is carried out on third-party rural property, the owner must guarantee the credit operation and agree to formally cede to the borrower the location of construction or the housing to be renovated, for a period of no less than 25 (twenty-five) years.
2 - swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming			R$420,000.00			a) limit per agricultural year; b) financing for construction, renovation, or expansion of permanent improvements and facilities, machinery, equipment, including irrigation, and agricultural and livestock implements 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$420,000.00 for activities of swine farming, poultry farming, aquaculture, crustacean farming, and fruit farming per beneficiary and per agricultural year, or up to R$210,000.00 for other ventures and purposes.
3 - other ventures and purposes			R$210,000.00
Investment Credit – Pronaf Agroindustry (MCR 10-6)
1 - natural person			R$210,000.00			a) limit per agricultural year; b) in the case of a family rural venture, the individual limit of R$210,000.00 per condominium owner or partner must be observed, according to the technical project and the economic-financial viability study of the venture; c) in the case of a family agriculture cooperative, the limit of R$60,000.00 per member with Active DAP or valid CAF-Pronaf related in the DAP issued for the cooperative or in the Registration Record in the National Register of Family Agriculture (RICAF) of the cooperative must be observed, according to the technical project and the economic-financial viability study of the venture; d) the individual credit limit of R$60,000.00, relating 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 support unit, in the case of network agroindustries, or, when applicable to 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 ventures.
2 - legal person - family rural venture: milk producers condominium			R$7,000,000.00
3 - legal person - family rural venture: others			R$420,000.00
4 - legal person - family agriculture cooperative			R$45,000,000.00
Investment Credit – Pronaf ABC+ Forest (MCR 10-7)
1 - exclusively for agroforestry system projects, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$80,000.00			a) limit per agricultural year; b) the same family production unit may contract up to 2 (two) financings under Pronaf ABC+ Forest; c) the second financing is conditioned on the payment of at least 2 (two) installments of the first financing and the presentation of a technical assistance report confirming the regularity of the financed venture and payment capacity; d) for financings for beneficiaries classified in Groups “A”, “A/C” and “B”, the option provided in MCR 10-1-23 regarding the risk of the operation applies.
2 - other purposes, except for beneficiaries classified in Groups “A”, “A/C” and “B”			R$40,000.00
3 - beneficiaries classified in Groups “A”, “A/C” and “B”: all purposes			R$20,000.00
Investment Credit – Pronaf ABC+ Semi-arid (MCR 10-8)
1 - all purposes and beneficiaries of the Credit Line			R$30,000.00			a) limit per agricultural year; 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 treatments, and implementation, expansion, recovery, or modernization of other production infrastructures and agricultural and non-agricultural services, in accordance with the release schedule in the technical project or simplified proposal; c) the same family production unit may keep up to 2 (two) financings “in progress” 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 of the financed venture and payment capacity; d) the option provided in MCR 10-1-23 regarding the risk of the operation may be applied.
Investment Credit – Pronaf Women (MCR 10-9)
1 - beneficiaries classified in Groups “A”, “A/C” and “B”	R$4,000.00						a) for beneficiaries classified in Groups “A”, “A/C” and “B”, the limit is per agricultural year and per woman per Family Agricultural Production Unit (UFPA), observing the following conditions: I - for the UFPA beneficiary who contracted, until June 30, 2023, 4 (four) or more operations in this Group and in Group “B”, the sum of financings entitled to compliance bonus, considering the set of operating and investment operations, will not exceed R$10,500.00 or, when the PNMPO methodology is applied, R$24,000.00; II - for the UFPA beneficiary who contracted up to 3 (three) operations, until June 30, 2023, in this Group and in Group “B”, the sum of financings entitled to compliance bonus, considering the set of operating and investment operations, will not exceed R$12,000.00 or, when the PNMPO methodology is applied, R$36,000.00; III - operations entitled to compliance bonus contracted under Group “B” by another beneficiary of the UFPA do not impact the credit limit entitled to compliance bonus of Pronaf Women; IV - upon reaching the limit per beneficiary, 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 Monetary Council (CMN); V - the beneficiary whose UFPA has already reached the limit of operations entitled to compliance bonus, if she proves that she continues classified in Groups “A”, “A/C” and “B”, by presenting the Declaration of Aptitude to Pronaf (DAP) or the Pronaf National Register of Family Agriculture document (CAF-Pronaf) to the financial agent, becomes eligible for new credits, observing the provisions of item IV of this clause, under the same conditions of the Rural Productive Microcredit Section - Group “B” (MCR 10-13), except regarding the compliance bonus, which in this case will no longer be applied; b) in financing for construction or renovation of housing, the additional condition of clause “b” of item 1 of the line Investment Credit – Pronaf Mais Alimentos (MCR 10-5) of this table must be respected; c) in financing for the purposes provided for in items 4 and 5, the additional condition of clause “b” referring to items 2 and 3 of the line Investment Credit – Pronaf Mais Alimentos (MCR 10-5) of this table may be applied; d) the same UFPA may keep up to 2 (two) financings “in progress” under Pronaf Women; e) the contracting of 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 of the financed venture 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 Oriented Productive Microcredit (PNMPO)	R$12,000.00
3 - beneficiaries whose annual gross family income, referred to in MCR 10-2-1-“f”, is higher than the limit provided for Group “B” and lower than R$100,000.00 and who do not contract permanent salaried labor, including financing projects that adopt the PNMPO methodology	R$25,000.00
4 - other beneficiaries: construction or renovation of housing	R$70,000.00
5 - other beneficiaries: swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming	R$420,000.00
6 - other beneficiaries: other purposes	R$210,000.00
Investment Credit – Pronaf Youth (MCR 10-10)
1 - youth aged between 16 and 29 years old member of a family unit classified in Pronaf	R$25,000.00						a) limit per agricultural year; b) only 3 (three) financings may be granted for each beneficiary, with the contracting of new financing conditioned on the prior settlement of the previous one, observing for each financing the provisions of clause “a”; c) the option provided in MCR 10-1-23 regarding the risk of the operation applies.
Industrialization Credit – Pronaf Industrialization of Family Agroindustry (MCR 10-11)
1 - natural person - rural producer	R$60,000.00						a) limits per agricultural year, applicable to one or more operations; b) the limit of R$60,000.00 per partner with Active DAP or valid CAF-Pronaf related in the DAP or in the Registration Record in the National Register of Family Agriculture (RICAF) issued for the family rural venture or for the cooperative must be observed, according to the technical project and the economic-financial viability study of the venture; c) financing to the central cooperative must attend to at least two singular cooperatives affiliated with it, observing the limit of R$60,000.00 per member related in the DAP or in the RICAF issued for the cooperative, relating to the products delivered by the singular cooperatives, as well as their storage, conservation, and sale, provided that the products have not been subject to financing granted to the same singular cooperatives under this line, respecting the technical project and the economic-financial viability study of the venture.
2 - legal person - family rural venture	R$250,000.00
3 - legal person - singular family agriculture cooperative	R$30,000,000.00
4 - legal person - central family agriculture cooperative	R$50,000,000.00
Credit for Integration of Partnership Shares – Pronaf Partnership Shares (MCR 10-12)
1 - rural producer	R$50,000.00						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 credit for cooperatives, the limit of R$40,000.00 per member with Active DAP or valid CAF-Pronaf participating in a financed project must also be observed.
2 - agricultural and livestock production cooperative	R$50,000,000.00
Investment Credit – Pronaf Rural Productive Microcredit – Group “B” (MCR 10-13)
1 - beneficiaries: Family Agricultural Production Unit (UFPA) whose financing projects adopt the methodology of the National Program for Oriented Productive Microcredit (PNMPO)	R$10,000.00						a) limits per agricultural year, observing the following conditions for granting the compliance bonus: I - for the UFPA that contracted, until June 30, 2023, 4 (four) or more operations in this group, the sum of financings entitled to compliance bonus, considering the set of operating and investment operations, will not exceed R$10,500.00 or, when the PNMPO methodology is applied, R$24,000.00; II - for the UFPA that contracted up to 3 (three) operations, until June 30, 2023, in this group, the sum of financings entitled to compliance bonus, considering the set of operating and investment operations, will not exceed R$12,000.00 or, when the PNMPO methodology is applied, R$30,000.00; b) upon reaching the limit per UFPA, 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 Monetary Council (CMN); c) the UFPA that reached the credit limit entitled to compliance bonus, if she proves that she continues classified in Group “B”, by presenting the Declaration of Aptitude to Pronaf (DAP) or the Pronaf National Register of Family Agriculture document (CAF-Pronaf) to the financial agent, becomes 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, and observing the provisions of clause “b”.
2 - other beneficiaries: UFPA	R$4,000.00
Investment Credit – Pronaf ABC+ Agroecology (MCR 10-14)
1 - swine farming, poultry farming, aquaculture, crustacean farming (crustacean breeding) and fruit farming		R$420,000.00			a) limit per agricultural year.
2 - other purposes		R$210,000.00
Investment Credit – Pronaf ABC+ Bioeconomy (MCR 10-16)
1 - all purposes		R$210,000.00		a) limit per agricultural year.
Investment Credit – Pronaf Oriented Productive (MCR 10-17)
1 - family rural producers, whose venture 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$25,000.00 and maximum of R$50,000.00		a) limits per operation and agricultural year; b) the same family production unit may keep up to 2 (two) financings “in progress” on this credit line, with the second only being able to finance Technical Assistance and Rural Extension (Ater) and be entitled to compliance bonus in values proportional to the additional years of technical assistance financed previously, and, furthermore, upon presentation of a technical assistance report confirming the regularity of the financed venture and payment capacity.

” (NR)

Art. 6º Section 7 (Programs with BNDES Resources) of Chapter 7 of MCR shall enter into force with the following alterations:

“Table 1: Financial Charges for Financing of Programs with BNDES Resources”
Beneficiary / Purpose	Effective interest rate up to (% a.a.)
Fixed-rate	Post-fixed(*)
Fleet Modernization Program for Agricultural Tractors and Associated Implements and Harvesters – Moderfrota (MCR 11-5)
1 - rural producers and their cooperatives whose gross annual or annualized operating revenue, or of the economic group to which they belong, is up to R$45,000,000.00	12.50%	5.60% + FAM
2 - rural producers classified in the National Program for Supporting Medium Rural Producers (Pronamp)	10.50%	3.73% + FAM
Cooperative Development Program for Adding Value to Agricultural Production – Prodecoop (MCR 11-6)
1 - singular agricultural, agroindustrial, aquaculture, or fishing cooperatives 2 - central cooperatives formed exclusively by agricultural, agroindustrial, aquaculture, or fishing production cooperatives 3 - members, for integration of partnership shares linked to the project to be financed	11.50%	4.67% + FAM
Sustainable Agricultural Production Systems Financing Program – RenovAgro (MCR 11-7)
1 - rural producers and their cooperatives, including for pass-through to members: adequacy or regularization of rural properties in accordance with environmental legislation, including recovery of legal reserve (RL), permanent preservation areas (APP), and restricted use area, recovery of degraded areas, and implementation and improvement of sustainable forest management plans (RenovAgro Environmental); and recovery of degraded pastures (Renovagro Recovery and Conversion), prohibiting financing of animals provided for in MCR 11-7-1-d-XIII	7.00%	0.44% + FAM
2 - rural producers and their cooperatives, including for pass-through to members: other purposes	8.50%	1.85% + FAM
Technological Innovation Incentive Program in Agricultural Production – Inovagro (MCR 11-8)
1 - rural producers and their production cooperatives: all financeable items	10.50%	3.73% + FAM
Program for Construction and Expansion of Warehouses – PCA (MCR 11-9)
1 - rural producers and their production cooperatives whose total capacity of storage units existing on the date of credit contracting, per beneficiary, does not exceed 6,000 tons: financing of one or more grain storage units that together do not exceed 6,000 tons	7.00%	0.44% + FAM
2 - rural producers and their production cooperatives: other investments	8.50%	1.85% + FAM

(*) Post-fixed interest rate composed of a fixed part plus the Monetary Update Factor (FAM). ”(NR)

“Table 2: Credit Limits for Financing of Programs with Resources from the National Bank for Economic and Social Development (BNDES)
Beneficiary / Purpose	Value	Additional Condition
Cooperative Capitalization Program for Agricultural Cooperatives – Procap-Agro (MCR 11-2)
1 - rural producers, natural or legal persons: subscription of partnership shares	R$45,000.00	a) global credit limit per member and per cooperative, throughout the National Rural Credit System (SNCR), observing MCR 11-2-2-“j”; b) regardless of credits obtained in other official programs.
2 - agricultural production cooperatives: subscription of partnership shares of social capital in central cooperatives exclusively of agricultural production, agro-industrial, aquaculture or fishing	R$65,000,000.00
3 - cooperatives, singular and central, of agricultural production, agro-industrial, aquaculture or fishing, federations and confederations that act directly in the manufacture of inputs and in the processing and industrialization of production, provided they are formed exclusively by agricultural production, agro-industrial, aquaculture or fishing cooperatives: working capital	R$65,000,000.00	a) regardless of credits obtained for subscription of partnership shares, observing MCR 11-2-3-“d”.
Irrigated Agriculture and Protected Cultivation Financing Program – Proirriga (MCR 11-3)
1 - all financeable items: individual enterprise	R$3,300,000.00	a) per agricultural year, regardless of other credits granted under controlled resources (MCR 6-1) of rural credit, respecting the individual limit per participant, in the case of collective credit.
2 - all financeable items: collective enterprise	R$9,900,000.00
Agricultural Modernization and Natural Resource Conservation Program – Moderagro (MCR 11-4)
1 - rural producers and their production cooperatives: individual enterprise	R$880,000.00	a) per agricultural year, regardless of other credits granted under controlled resources of rural credit, respecting the individual limit per participant, in the case of collective credit; b) associated operating financing is admitted, as per MCR 11-4-1-“d”.
2 - rural producers and their production cooperatives, for the acquisition of animals: individual enterprise	R$400,000.00
3 - rural producers and their production cooperatives: collective enterprise	R$2,640,000.00
Modernization of Agricultural Tractor Fleet and Associated Implements and Combines Program – Moderfrota (MCR 11-5)
1 - rural producers and their cooperatives whose gross operating revenue/annual or annualized income, or of the economic group to which they belong, is up to R$45,000,000.00	85% of the value of the assets subject to financing	a) per agricultural year; b) in the case of machinery that uses biometane as fuel, this limit may be raised to up to 100% of the value of the assets subject to financing, provided that the financing project establishes that the methane used as fuel must be produced from excrement and waste originating from animal production.
2 - for producers who qualify as beneficiaries of the National Program for Support to the Medium Rural Producer (Pronamp)	100% of the value of the assets subject to financing	a) per agricultural year.
Cooperative Development Program for Value Addition to Agricultural Production – Prodecoop (MCR 11-6)
1 - singular cooperatives of agricultural production, agro-industrial, aquaculture or fishing; 2 - central cooperatives formed exclusively by agricultural production, agro-industrial, aquaculture or fishing cooperatives; 3 - members, for subscription of partnership shares linked to the project to be financed.	R$150,000,000.00	a) in one or more operations, observing the financing cap of 90% of the project value; b) associated operating financing is admitted, as per MCR 11-6-1-“d”-V.
Financing Program for Sustainable Agricultural Production Systems – RenovAgro (MCR 11-7)
1 - rural producers and their cooperatives, including for pass-through to members	R$5,000,000.00	a) per agricultural year, regardless of other credits granted under controlled resources of rural credit; b) financing of the items referred to in MCR 11-7-1-“d”-XIII and XIV and MCR 11-7-1-“e” is admitted, within the limits established therein; c) when it comes to collective projects intended for the utilization of biogas for electricity generation and biometane production, the credit limit may be raised to R$20,000,000.00, per agricultural year, respecting the individual limit per participant of R$5,000,000.00, and observing the following conditions: I - biogas and biometane must be produced solely from excrement and waste originating from animal production own to the participants of the collective project; II - the electricity and biometane produced must be destined exclusively for own use.
Incentive Program for Technological Innovation in Agricultural Production – Inovagro (MCR 11-8)
1 - rural producers and their production cooperatives: individual enterprise	R$1,300,000.00	a) per agricultural year, regardless of other credits granted under controlled resources of rural credit, respecting the individual limit per participant, when the credit is collective; b) financing of technical assistance and associated operating financing is admitted, as per MCR 11-8-1-“c”-IX and X.
2 - rural producers and their production cooperatives: collective enterprise	R$3,900,000.00
Program for Construction and Expansion of Warehouses – PCA (MCR 11-9)
1 - rural producers and their production cooperatives: grain storage	R$50,000,000.00	a) per agricultural year, regardless of other credits granted under controlled resources of rural credit.
2 - rural producers and their production cooperatives: other items	R$25,000,000.00

” (NR)

Art. 7º This Resolution enters into force on July 3, 2023.

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