Brazil: Government announces R$10 million credit line to strengthen fruit production in São Paulo

Published 2024년 12월 20일

Tridge summary

The Government of São Paulo has introduced the Fruticultura SP Credit Line, a new initiative to boost the state's fruit-growing sector with a budget of R$10 million. The credit line, part of the São Paulo Agribusiness Expansion Fund (FEAP), will provide small producers with an interest rate of 3% per year and a repayment term of 84 months, with a 24-month grace period. The primary goal is to support citrus farming and enhance the competitiveness of small producers, with operations set to commence in 2025. This initiative is expected to have a significant impact, especially among small and medium-sized producers, and builds on FEAP's previous record distribution of R$290 million in rural credit in 2024.

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Original content

The Government of São Paulo, through the Department of Agriculture and Supply, launched this Wednesday (12/18), at the Duílio Maziero Strawberry Park, in Jarinu, the Fruticultura SP Credit Line, which is part of the São Paulo Agribusiness Expansion Fund (FEAP). The initiative, aimed at strengthening the state's fruit-growing sector, will have R$10 million in resources, with operations scheduled to begin in 2025. The new credit line offers an interest rate of 3% per year, with a repayment term of 84 months and a 24-month grace period. The objective of the measure, according to the Executive Secretary of Agriculture and Supply, Edson Fernandes, is to guarantee additional support for citrus farming and strengthen the competitiveness of small producers. "The Secretariat already offers technical assistance and extension services to fruit growers in São Paulo, and now we are also seeking to capitalize on these properties, allowing them not only to serve the domestic market, but also to ...

Source: Portal Do Agronegocio