advances in Chamber a bill that provides that at least 30% of loans from the National Bank for Economic and Social Development (BNDES) are intended to finance individual microentrepreneurs, micro and small businesses. The Commission on Economic Development, Industry, Trade and Services approved the measure at the end of September.
The project is now on the Finance and Taxation Committee and, if approved, will still go through the Constitution and Justice Committee (CCJ).
The text defines as one of the BNDES’ priorities the offer of financing under favorable conditions, including the definition of reduced interest rates, destined to MEI, micro and small national companies. The allocation of 30% of the loans applies to the BNDES Card, a credit line with pre-approved revolving credit from the bank.
“In view of a credit market that still fails to provide the necessary financing for smaller projects, it is essential to use the relevant public instruments we have to supply this market”, says the rapporteur, Otto Alencar Filho (PSD-BA ), in the opinion.
According to the deputy, the BNDES had been advancing in serving small businesses. Between 2017 and 2020, the bank’s disbursements to micro and small companies increased from 23.4% to 26.4% of the total, he says. In 2021, however, only 20.4% of the total disbursed from January to June benefited these companies.