Resolution CMN No. 5017 - Increases the repayment period for rural working capital credit for non-integrated pig farming to up to two years

Resolution No. 5,017

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

RESOLUTION CMN NO. 5,017, OF
MAY 10, 2022

Increases the repayment period for rural working capital credit destined for the non-integrated pig farming activity to up to two years.

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 May 10, 2022, considering the provisions of Art. 4, item VI, of Law No. 4,595, of 1964, and Arts. 4 and 14 of Law No. 4,829, of November 5, 1965,

R E S O L V E D:

Art.
1º Section 7 (Transitional Norms) of Chapter 3 (Operations) of the Rural Credit Manual (MCR) shall be amended as follows:

“6

• The contracting of rural working capital credit destined for the non-integrated
  pig farming activity is admitted until December 30, 2022, observing the following specific conditions:

a) repayment:
up to 2 (two) years; and

b) credit limit: up to 20% (twenty percent) of the limits provided for the working capital credit for the non-integrated pig farming activity in Tables 2 of Sections 1 (Financing without Linkage to a Specific Program), 4 (National Program for Supporting the Medium Rural Producer – Pronamp) and 6 (National Program for Strengthening Family Agriculture – Pronaf) of Chapter 7 (Financial Charges and Credit Limits) of the MCR, according to the beneficiary's classification and respecting the limits provided in the aforementioned tables.” (NR)

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

Otávio Ribeiro Damaso
President of the Central Bank of Brazil, substitute