Home » Business » Jhenifer Mojica announces $26 billion in development credits for Colombian agriculture in 2024

Jhenifer Mojica announces $26 billion in development credits for Colombian agriculture in 2024

MinAgriculture

The Minister of Agriculture, Jhenifer Mojica, chaired the last session of the year of the National Agricultural Credit Commission, in which The Indicative Credit Plan 2024 was approved, which will allocate an estimated between $25 billion and $26 billion in development credits for the countryside Colombian during the next year.

I also know defined the creation of a new line of credit for productive and sustainable transformation, with special benefits for family farming, peasant farming, and small producers, to advance the agroindustrialization of the countryside.

“We hope that this indicative plan reactivates all this economic development to make Colombia an agri-food power. “We hope that between $5 billion and $6 billion will be directed specifically toward small producers and peasant family agriculture and small producers with limited resources,” explained the Minister of Agriculture. “We want very low rates for rural women and youth, farmers, indigenous peoples, blacks and the producers who are part of our great agriculture”he added.

These resources, administered by the Fund for the Financing of the Agricultural Sector, Finagro, will be accompanied by special lines of credit with a subsidized interest rate, to promote productive transformation, the decarbonization of agriculture, the popular economy and the inclusion of more women, young people, Afro-Colombian communities, indigenous people, raizales, fisherwomen and palenqueras, victims of the conflict, demobilized and ex-combatants in the process of reintegration into civilian life.

For its part, The president of Finagro, Ángela María Penagos, specified that these decisions guide compliance with the policy of democratization of public credit in the countryside. Colombian. “Peasants and small producers are prioritized with cheap credit that allows them to promote the transformations that the agricultural sector requires,” he emphasized.

The Credit Commission also approved the allocation, next year, of new resources for the Rural Capitalization Incentive, a mechanism through which a benefit is granted to farmers and producers to reduce their credit balances. A small, low-income producer will receive the incentive up to 40% of the value of the project investment; to a small producer up to 30% and to a medium-sized producer up to 25%.

2023-12-20 23:07:47
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