» 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.


» Financeable 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; 
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 processing plants, threading, weaving and cotton printing units;
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, conservation and expansion of effluent treatment systems and environmental adaptation projects, including the acquisition of equipment for such purpose, in all types of agroindustrial units;
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; and
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; and
benefaction and processing of material originated from planted forests.

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.


» Share Level 

Up to 90%.


» Financing Limit 

Each cooperative may acquire, within the period from 01/07/2008 to 30/06/2009, financing up to R$ 35 million, respecting the limit of R$ 10 million within Automatic BNDES. Amounts higher than R$ 10 million shall be put in operation through FINEM.

The limit of R$ 35 million may be increased up to 100% when the additional funding are destined to projects of the own cooperative in other Federation Unit(s) or projects performed within the Central Cooperative. 

It is allowed the granting of more than one financing to the same cooperative up to 30/06/2009, provided that this supported activity require and it is proved the payment capacity, as well as the sum of granted amount does not exceed the credit limit of R$ 35 million. 


» Maturity

Up to 144 months, including the grace period up to 36 months.
The principal payment intervals shall be made semiannually or annually, according to the funding receipt flow of the cooperative.


» 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: Guarantees.


» Effectiveness

Until 06/30/2009, respecting the budgetary limits.


» Addressing

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