The Agrarian Bank made resources for the new LEC lines and incentives for rural capitalization, with more accessible financing conditions, available to small and medium agricultural producers, as well as associations in the rural sector. Said Hernando Chica Zuccardi, president of the entity provided by the Ministry of Agriculture$67,000 million for this purpose, an investment that could translate to more than $244,000 million in credits available by the end of the year.
“Just like The Minister of Agriculture has indicated, Martha Carvajalino, the most important goal of this initiative is to promote the development of the country and accelerate food production, a cause with which we are very much in harmony. at Banco Agrario because we want Colombia to continue to guarantee food security” said the manager.
The president of the bank highlighted the relevance of this announcement, indicating that the LEC Lines will be supported by $22,000 million from the Government, and will offer interest rates that reach up to IBR-8%. For its part, the incentive for rural capitalization covers up to 40% of the amount financed, which means, for a loan. Of $10 million, the producer would only take six million, while the Government will subsidize the other four million.
The money can be used not only for production, but also for sustainable transformation projects, entrepreneurship and strengthening connectivity schemes. In addition, he explained that the so-called bank has a technological device CrediBAC, designed to optimize management and speed up service times with its advisors.
This platform allows customers to be guided in the selection among the 74 destinations available in the campaign, encouraging the strategic use of resources.
2024-11-19 21:55:00
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How does the involvement of the Ministry of Agriculture enhance the effectiveness of the Agrarian Bank’s credit lines and incentives for rural capitalization?
Interviewer: Good afternoon, thank you for taking the time to chat with us today about the recent announcement made by the Agrarian Bank regarding credit lines and incentives for rural capitalization.
Guest 1: My pleasure. This is an exciting development that we hope will positively impact the agricultural sector in Colombia.
Interviewer: Absolutely. To start off, we’d like to understand the role of the Ministry of Agriculture in this initiative. Can you tell us a little more about how they are involved?
Guest 2: Sure. The Ministry of Agriculture plays a vital role in this program as they are the ones who provided the necessary resources to the Agrarian Bank for implementing the credit lines and rural capitalization incentives. They also provided guidance and support throughout the development process.
Interviewer: That’s great to hear. Moving on, how do these credit lines and capitalization incentives benefit small and medium-sized agricultural producers, as well as associations in the rural sector?
Guest 1: Well, these initiatives aim to provide more accessible financing conditions to small and medium-sized producers who might otherwise struggle to secure funding. This will allow them to invest in their operations, grow their businesses, and contribute to food production in the country. The incentives for rural capitalization also encourage the formation of associations and cooperatives, which can further strengthen the rural economy.
Interviewer: That makes sense. Can you elaborate on the specifics of the investment and how it can translate into credits for agricultural producers?
Guest 2: Certainly. The Agrarian Bank received $67 million from the Ministry of Agriculture for this purpose, which could potentially result in over $244 million in credits available by the end of the year. This funding will be used to support projects related to food production, sustainable transformation, and entrepreneurship, among others.
Interviewer: That’s a substantial investment. How does the interest rate on these loans compare to traditional loans?
Guest 1: The LEC Lines will be subsidized by the government, offering interest rates as low as IBR-8%. This is significantly lower than typical market rates, making them much more affordable for producers.
