SME Times is powered by   
Search News
Just in:   • NITI Aayog unveils roadmap on AI to empower 490 million informal workers  • New French PM expected to be appointed within next 48 hours: Lecornu  • Guterres welcomes Gaza deal, sees opportunity for two-state solution   • PM Modi welcomes Israel-Hamas pact on 1st phase of Prez Trump's peace plan  • Leader capable of filling gaps: Colombian envoy on PM Modi 
Last updated: 27 Sep, 2014  

Brazil.Border.Thmb.jpg Brazil unveils USD 57 bn agri loan programme

Brazil.9.jpg
   Top Stories
» PM Modi meets Keir Starmer in Mumbai for strengthening India-UK ties
» Piyush Goyal, Keir Starmer discuss ways to deepen trade and economic partnership
» PM Modi inaugurates Phase 1 of Navi Mumbai International Airport
» Gold prices hit historic highs globally, Indian rates touch Rs 1.22 lakh on MCX
» Institutional investments in India's real estate hit $4.3 billion in Jan-Sep
IANS/EFE | 29 Jun, 2012
President Dilma Rousseff Thursday unveiled a 115-billion-reais (USD 57 billion) loan programme aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.

Rousseff defined the plan for the 2012-13 season as "a new tool against the global crisis" that will underpin the government's efforts to create employment and mitigate the effects of economic turmoil abroad.

"This plan will show that Brazil is one of the few countries that can create new jobs amid the very serious sovereign debt crisis affecting the world," she said during the ceremony at the Planalto presidential palace, describing agriculture as a strategic sector.

Rousseff said the public and private loans, which represent a 7.5 percent increase over the 2011-12 season, will spur increased productivity while safeguarding protected ecosystems because "growth is not and cannot be incompatible with environmental preservation".

"I can proudly say that Brazil is a country that produces, expands its production, uses technology and does so with full respect for the environment," Rousseff said, adding that the new plan will be guided by the precept "living earth and respected nature".

Agriculture Minister Jorge Mendes Ribeiro said nearly 60 percent of the plan's funds will be allocated to finance programmes to improve distribution chains and market products.

Special attention will be paid to family farming, which currently accounts for nearly 70 percent of the country's food production.

The interest on the loans, meanwhile, will fall from 6.5 percent in the previous agricultural season to 5.5 percent in 2012-13.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter