The bill is under analysis in the Chamber of Deputies, Bill 10079/18, a project that provides for the granting of credit to cereal companies in financing operations contracted with the National Bank for Economic and Social Development (BNDES) to investments in the construction or expansion of warehouses.
According to the Agência Câmara News, according to the proposal, the Union will grant the subsidy, under the modality of interest rate equalization, in the financing operations contracted up to June 30, 2018.
The total amount of funding to be subsidized will be limited to R $ 300 million. For a year, the limit will be R $ 20 million, respecting the budgetary allocation reserved for this purpose.
According to the author of the proposal, Deputy Jerônimo Goergen (PP-RS), the project must be approved urgently due to the need to overcome the static capacity of deficit storage, estimated at approximately 160 million tons of grain.
This text was translated by machine from Brazilian Portuguese.