Amazonas State Has US$ 17 Million at 1.5% for Brazilian Green Entrepreneurs

Cupuassu fruit from the Brazilian Amazon Amazonas state governor has announced that his administration will supply, beginning next year, 30 million Brazilian reais (US$ 17.1 million) to finance producers in the state that work with fruit, fish, cassava paste, ethanol and biodiesel, and fuel for autos and trucks made of vegetable oils or animal fat.

The action is part of the Amazonas State Program for Attracting Agroindustries (ProAgro), which proposes a sort of society to the participating cooperatives, associations, and companies.

The partnership provides for the state government to finance up to 49% of expenses, with the remaining 51% to be invested by the benefited parties.

Financings can be paid in up to ten years, at an annual interest rate of 1.5%, starting 12 months after the partnership has been established.

The president at the Amazonas Development Company (Ciama), Aluí­sio Barbosa, informs that in order to be eligible, interested parties must be linked to companies, cooperatives, or associations, as the funding cannot be directly supplied to natural persons. He explains what those interested should do.

"Interested parties should fill the form available at the Websites of the Secretariat of Rural Production (Sepror) and of Ciama and, depending on the type of deal that they are willing to close, they will be requested to provide further detail, to specify what market they wish to cater to, what raw material they are going to need, how much funding they are going to need, and after filling up this consultation letter, they should outline a simple business plan, one that specifies their intentions, financial objectives, and any guarantees that they might have," said Barbosa.

All of the projects proposed will be analyzed by a mixed commission including representatives of government organizations, members of the Federal University of Amazonas, and of the National Institute for Research on the Amazon (Inpa).

ABr

Tags:

You May Also Like

Brazil’s Agro Exports to Middle East Grow 55%

Brazilian agribusiness exports to the Middle East have risen 55% from January to September ...

Egyptian Minister Gives Brazil’s Zero Hunger Program High Marks

The Egyptian mission to Brazil, led by the minister of Social Solidarity of the ...

Brazil: After 6 Years Killer of TV Reporter Gets Special Release for Good Behavior

Judicial authorities from Rio de Janeiro, Brazil, decided to put convicted murderer Claudino "Xuxa" ...

International Passengers in Brazil to Benefit from New Gol-Varig Accord

Brazilian Airline Gol and its own subsidiary Varig entered into an agreement effective September ...

Brazilian industry

Who Is Really Afraid of the FTAA? Brazil’s Big Business

Although every Latin American government pays lip service to integration, taking the concrete steps ...

Brazil Wants South American Summit to Create Anti-Drug Council

Unasur, the Union of South American Nations, will debate the creation of four ministerial ...

Very Special Students

Brazilian companies willing to export to the U.S. don’t have to spend hundreds of ...

Brazil Evicting Without Proper Compensation While Getting Ready for Olympics

Brazil is expected to displace and evict scores of people all around the country ...

Maternal Mortality Still Too High in Brazil: 74 Deaths Per 1,000 Births

In 2002, the infant mortality rate in Brazil was 25.1 deaths before the age ...

With and Eye to the US Market Brazil’s Glasart Reinvents Household Accessories

Mirrors with typical Brazilian adornments, such as buriti straw and banana tree fibre, aimed ...