» Introduction

The period of 2003/2004 was characterized by intense intra-governmental and government articulations with interlocutors of the segment, in the search of defining a national microcredit policy, contemplating actions that attempt to facilitate and extend access to microcredits for formal and informal micro-entrepreneurs, aiming thus at the generation of income and employment, and the reduction of interest rates for financings. In this effort, it is important to highlight:

the constitution of a Microcredit and Microfinances Inter-Ministry Team, with the partnership of the Ministries of Finance, Planning, Labor, Agricultural Development, Development, Agriculture, Presidency, BNDES and the Central Bank of Brazil; 

the meetings held with operating agents of microcredit and microfinances (cooperatives, OSCIP, SCM and banks) to present and discuss the proposals and definitions of priorities;

the creation of Special Microcredit Deposits, directing 2% of cash deposits to operations of popular credit and productive microcredit;

the permission to constitute Cooperatives of Free Association;

the creation of a National Program for Guided and Productive Microcredit - PNMPO, which defined, among other items, the single credit cooperatives, fomentation agencies, SCM and OSCIP as the institutions for productive and guided microcredit. 

BNDES defined, as a priority axis, the deepening of the inter-sector character and the comprehension of territory aspects of its operation, searching a greater synergy and rationality in the application of public resources and achieving the proposed objectives. Hence, by trying to integrate social actions that expand the impact over beneficiary markets, and having the territory as a cornerstone for these actions, the Bank is able to qualify its operations.

In this context, the BNDES promoted enhancements to support lines, making available the new Microcredit Program [PMC], which emphasizes the utilization of microcredit as an integrated and complementary instrument to public policies aimed at the promotion of local and regional development, as well as those related to the strengthening of productive agglomerations.



» See:

Norms Applicable to BNDES Transfer Agents

Access Conditions to Micro Entrepreneurs