SP government launches R$10 million credit line for São Paulo fruit farming in Brazil

Published 2024년 12월 19일

Tridge summary

The Government of São Paulo has introduced the Fruticultura SP Credit Line, funded by the São Paulo Agribusiness Expansion Fund (FEAP), with a allocation of R$ 10 million to support the citrus industry. The credit, which will be disbursed from 2025, features a low interest rate of 3% per year and a term of 84 months with a 24-month grace period. This initiative aims to bolster small and medium-sized rural producers by providing financial support to improve their productivity and international market standing. Accessible through the Agriculture House in each municipality, this credit is expected to benefit various agricultural sectors, following FEAP's record allocation of R$290 million in rural credit for 2024. São Paulo, a leading producer in Brazil, cultivated an additional 14.5 million tons of fruit in 2023, including significant quantities of orange, lemon, banana, avocado, and persimmon.

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Original content

The Government of São Paulo, through the Department of Agriculture and Supply, announced this Wednesday (12/18), at Parque do Morango Duílio Maziero, in Jarinu, the launch of the Fruticultura SP Credit Line, from the São Paulo Agribusiness Expansion Fund (FEAP). The new credit line has an available value of R$ 10 million. The release will begin in 2025, with a rate of 3% per year; 84 months of term and 24 months of grace. For the executive secretary of Agriculture and Supply, Edson Fernandes, the line aims to guarantee another front of support for the state's citrus industry. "The Department of Agriculture already guarantees technical assistance and extension to fruit growers in São Paulo, now we will seek to capitalize on these small properties so that, in addition to their regional importance, they can become accredited for the foreign market", comments the executive secretary of the Department. In addition to producing and supplying the domestic market, São Paulo's fruit ...

Source: NoticiasAgricolas