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‘Believe’: who can participate in the government’s new credit and debt rescheduling programme

President Lula signed the provisional measure establishing the program aimed at MEIs, micro, small and medium-sized enterprises; learn more





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President Luiz Inácio Lula da Silva (PT) signed, on Monday 22nd, the provisional measure establishing Crédito, a credit and debt renegotiation program aimed at small businesses. The program is made up of four main axes, which include actions such as the provision of microcredit for CadÚnico members and the creation of Develop small businesses.

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What the program includes Believe offer?

Discover a summary of each of the four axes of Credit:

  • Axis 1: Believe in the first step

Microcredit program aimed at low-income families enrolled in the Single Registry Office (CadÚnico). Half of the benefits will go to women. According to the federal government, the credit guarantee system will be worth R$500 million in 2024.

  • Axis 2: Believe in your business

In this axis, the Develop small businessesor Procre 360improvements in the national micro and small business support program (Pronampe) and in the Sebrae program to facilitate access to credit for small businesses (MPE believes).

OR Develop small businesses will aim to renegotiate the debts of individual micro-entrepreneurs (MEIs) and small businesses, with a gross annual turnover of up to R$4.8 million. This action will come into effect from Tuesday 23rd, as announced during the program launch ceremony.

Already the Procre 360 establishes special conditions for tariffs and guarantees through the 1Operations Guarantee Fund (FGO) for MEIs and microenterprises with annual revenues of up to R $ 360 thousand – with competitive interest rates set at Selic + 5% per annum.

For medium-sized companies, with revenues of up to R$300 million, the costs of the Emergency Credit Access Program (Peac) will be reduced, with a 20% reduction in the guarantee granting fee (ECG).

For what concern improvements to Pronampenow companies with the Mulher Emprega Mais seal and those that have women as majority shareholders or managing partners will be able to grant loans of up to 50% of the previous year’s gross annual turnover.

Finally, the Sebrae Program to facilitate access to credit for small businesses (MPE believes) concerns the expansion of the credit lines of the Guarantee Fund for micro and small enterprises (Fampe) by Sebrae. Over the next three years, the Fund will make 30 billion reais of credit available to promote partnerships with public banks, credit cooperatives, development agencies and, through the BNDES (National Bank for Economic and Social Development), private banks.




The President of the Republic Luiz Inácio Lula da Silva during the launch ceremony of the Believe Program, in the Palácio do Planalto
  • Axis 3: Believes in real estate credit

Development of a secondary housing credit market to benefit middle-class families who are not eligible for public housing programs.

According to the government, the initiative aims to stimulate the construction sector and promote job creation, income and economic growth.

  • Axis 4: Believe in a sustainable Brazil

Eco Invest Brasil – Exchange Protection for Green Investments (PTE) will encourage foreign investment in sustainable projects in Brazil by offering exchange rate protection.

The axis will offer cost-competitive credit lines to partially finance investment projects aligned with ecological transformation that use foreign resources.

Who is eligible for the Believe program?

According to the federal government, the target audience for each of the axes is:

Axis 1: Believe in the first step

Low-income families registered in the Single Registry, informal workers and small rural producers who access the Food Acquisition Program (PAA).

Axis 2: Believe in your business

  • Develop small businesses: MEI, micro and small enterprises;
  • 360 Procedure: MEI and micro-enterprises with revenues up to R$ 360 thousand;
  • Pronampe Modernization: companies in which women entrepreneurs are majority shareholders or managing partners;
  • MPE Sebrae believes: Micro and small businesses.

Axis 3: Believes in real estate credit

Real estate market and civil construction sector. It will especially benefit middle-class families who are not eligible for public housing programs and consider the cost of financing at market rates to be high.

Axis 4: Believe in a sustainable Brazil

Foreign investors.

How to participate in Credit?

Since the program was officially launched this Monday, the 22nd, there is still little information on how to participate in each of the four axes.

What was reported, during the Clique launch ceremony, is that the Desenrola Pequenos Negócios measure will come into force from this Tuesday, the 23rd. However, no further details on this procedure have yet been provided.

Procred 360, another program initiative, goes live in 60 days. The remaining actions continue without a defined deadline.

Source: Terra

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