Purpose

To increase of competitiveness of the agro-industrial complex of Brazilian cooperatives, through the modernization of productive and commercialization systems. 


» Clients

Farming production cooperatives and cooperates, for the integration of partial quotas linked to the project that is to receive financing, under the terms of chapter 5, section 3, of the Rural Credit Manual - MCR.


» Eligible Items

project studies and technology;

civil constructions, installations and other fixed investments;

new domestic machines and equipment that are accredited by the BNDES and inherent to the cooperative's production/processing;

pre-operational expenses;

import expenses, in domestic currency, related to the import of equipment;

working capital associated with the investment project, respecting the Automatic BNDES limits; 

working capital not connected with investment projects;

training; 

integration of partial quotas linked to the project that is to receive financing; and

new national machines and equipment accredited in BNDES, also in a isolated manner, when destined to modernization in the sectors and actions supported by the Program.


Supported Sectors/Activities

industrialization of oil product derivatives;

reallocation of oil product processing plants;

industrialization of meats and fish;

installation and modernization of processing units, standardization and processing of fruits, legumes, greeneries and the juice and wines sectors;

implementation of industries for the processing of eggs, incubators and nurseries integrated to the industry, aimed at the production of fertile eggs for the production of bird meat;

installation of new industrial plants for the dairy sector or the industrial and logistical modernization of this sector;

implementation of dry and humid cereal grinding industries; 

industrialization of semi-finished and finished leathers;

implementation, expansion, modernization and adequacy of ration factories;

industrialization of manioc and its derivatives;

implementation of cocoa, tea and mate herb industrial units;

implementation or expansion of malt production plants;

installation and modernization of industrial units for the production of toasted, soluble and superior beverage coffees, contemplating the equipment, processing and reprocessing, as long as it concerns a project aimed at exports;

implementation, modernization, and reallocation of cotton, silk and other plants for natural fiber processing, as well as yarn spinning and weaving, and textile printing plants;

installation, expansion and modernization of storage units;

installation of processing units and systems, standardization, conditioning and logistics for the export of farm products;

implementation of systems for the generation and co-generation of energy and connection lines, as part of an agro-industrial project;

implementation, maintenance, and expansion of sewage treatment systems, and environmental adjustment projects, including reforesting and purchase of proper equipment for several types of agro-industrial branches;

implementation of fertilizer industries by farming cooperatives;

installation, expansion and modernization of storage units and processing systems, standardization, conditioning and logistics for the commercialization, domestic and foreign, of products originating from floriculture;

installation, expansion and modernization of seed processing units (UBS), contemplating the installation, expansion and modernization of laboratories and storage units;

swine refrigeration chambers and respective units for the production of piglets (UPL), when related to the industry itself or when its cooperative is related to a central cooperative with the capacity to industrialize swine originating from this UPL; 

installation, expansion and modernization of aquaculture production units, contemplating the construction of tanks, laboratories, airing equipment and other infrastructure items;

 installation, expansion and modernization of units for refining, uniforming and processing cachaça;

sanitary adaptation projects, including the acquisition of machinery and equipment for such purpose, in all types of agroindustrial units;

installation, magnifying and modernization of industrial units for the alcohol, sugar and biodiesel production; 

benefaction and processing of material originated from planted forests; and

processing and improvement of products from beekeeping

Any project of installation, expansion and modernization is considered as industrialization.


» Interest Rate

6.75% p.a., including the accredited financial institution's spread of 3% p.a.


» Level of Participation 

Up to 90%.


» Financing Limit 

Each co-operative society may, within the period from July 1st, 2009 to June 30th, 2010, enter into loan agreements amounting up to R$ 50 million, for enterprises in a single unit of the Federation, in one or more operations. The limit for working capital financing not connected with investment projects is up to R$ 20 million, to be deducted from the credit limit.

BNDES may invest 100% of the limit of R$ 50 million in the event the additional resources are to be allocated to projects developed by the co-operative society itself in other Federation Unit(s), or else to projects carried out within the activity scope of the main co-operative society.

The sum of operations, per co-operative society, observing the limit of R$ 10 million per Year-Crop, except for the financing of working capital not related to investment projects, will be financed within the scope of Automatic BNDES. Amounts that exceed R$ 10 million must be enabled by means of FINEM procedural steps.

More than one financing may be granted to the same co-operative society up to June 30th, 2010, provided that the financed activity requires this additional financing, and the co-operative society capacity to settle the debt is duly evidenced, and, moreover, that the total amount of the financing granted is not superior to the credit limit of R$ 50 million.


» Term of Loan

Up to 24 months, exclusively in working capital financings not connected with investment projects. For that matter, it is important noticing that there is no grace period.

Up to 144 months, being included a grace period of up to 36 months for the other financeable items.

The principal payment periodicity may be semiannual or annual, according to the intervals within which the co-operative society receives resources.


» Guarantees and Collaterals

In the financing of isolated machines and equipments, the fiduciary property or pledge must be constituted upon the assets object of the financing to be kept until the end of the contract payment. The assets making up the guarantee must be insured in favor and under the interest of the accredited financial institution, until the end of the payment of the obligations.

In the financing of projects, the guarantees will be left up to the accredited financial institution criteria, respecting the rules pertinent to the Central Bank of Brazil.

It will not be permitted as guarantee, the constitution of pledge of the credit rights deriving from the financial investment.

In the case of direct operations with BNDES, defined in the operation analysis.

See: Collaterals.


» Expiration Date

June 30, 2010, within budget limits


» Application

In case the value of the operation is of up to R$ 10 million, in the ambit of the Automatic BNDES, the cooperative should proceed to the accredited financial institution of preference that will offer information on the necessary documentation, analyze the possibility for the granting of credit and negotiate the guarantees. After approval by the institution, the operation will be forwarded for confirmation and subsequent release of resources by the BNDES. 

If the operation's value is greater than R$ 10 million, the requests for support in the ambit of the FINEM will be forwarded to the BNDES through a Letter of Inquiry - filled-out under the Guide on Information for Previous Consulting - sent by the interested company or through the accredited financial institution of its preference, to: 

Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocol - Térreo
20031-917 - Rio de Janeiro, RJ. 

After analysis and frameworking the company and, if it is the case, the accredited financial institution will receive a formal communication from the BNDES.


» See

FINEM
Automatic BNDES
Agricultural FINAME