They seek to facilitate access to credit for small producers / Argentina News

The Minister of Agrarian Development of the province of Buenos Aires, Javier Rodríguez; the president of Banco Provincia and Grupo Provincia, Juan Cuattromo; the president of Provincia Trusts, Nadia Giardina; and the president of the Microcredits Province, Alejandro Formento; signed the agreements “Microcredits”, “Implementation of Biodigesters” and “Strengthening the Fruit Sector” to facilitate access to credit for small and medium producers and agricultural and agri-food producers.

In a joint effort between the companies of Banco Provincia, Grupo Provincia and the Ministry, These agreements allow to subsidize percentage points of interest rate of the loans, a fundamental tool for the growth of the production of those who need the accompaniment of a present State.

“We know that many times small producers cannot access credit, so from the Ministry and Banco Provincia we work together to change that reality with affordable rates that allow the strengthening of production and local development,” said the minister.

And I add: “The Plan Provincia en Marcha seeks to boost production, generate greater added value, more employment in each of the regions and, therefore, a truly comprehensive development scheme for the Province. ”

For his part, Cuattromo pointed out: “We signed agreements with the Ministry of Agrarian Development of the Province, which allows us to work in coordination with all the tools that the provincial State puts in place to bring concrete solutions to Buenos Aires producers and producers.” He also remarked: “The team led by Minister Javier Rodríguez has been doing an exceptional job searching for specific solutions, and we as a Bank and as a Group are coordinating development banking actions that imply making all available financial instruments available.”

“In Provincia Fideicomisos we believe that it is extremely important to consolidate mechanisms that allow strengthening the growth and economic development of agricultural producers based in the province of Buenos Aires, therefore, from the” Trust Fund Province in March ” We participate to strengthen the capacity, efficiency and scope of public policies promoted by the Ministry of Agrarian Development, to collaborate in adding value to all productive activities related to the sector, “said Giardina.

Meanwhile, Formento stressed: “This firm allows us to deepen our work on joint public policies. We have been making progress with the municipalities, and this time with the Ministry, through its trust, to finance small and medium producers and agricultural and livestock producers and a special line for agroecological production, with subsidized rates, which it is a source of soft financing for a sector that needs assistance. It is a pride and an honor to be able to give a new source of financing to these sectors “.

Scope of subsidies

The line provided by Banco Provincia, through Provincia Microcreditos, has a subsidy for small and medium-sized agricultural producers of 15 percentage points, granted by the Ministry of Agrarian Development through the “Fondo Fiduciario Provincia en Marcha”. In turn, the Trust Fund It will also offer a special rate subsidy of 24 percentage points to agroecological producers for an increase in working capital., as a complement to the direct lines that the Fund already offers to the sector.

Meanwhile, the Fruit Strengthening Line offers financing at accessible rates with a 2-year grace period on the capital and with a subsidy of percentage points of rate during the grace period, granted by the Ministry of Agrarian Development, through the “Trust Fund Province in March “, while the Buenos Aires agrarian portfolio finances another two years on 75% of the interest payments.

Finally, through the Sustainable Agro Line, investment projects are financed for the implementation of biodigesters, which make it possible to improve the care of the environment through the use of production waste as a resource. In this case, there is a term of up to 4 years for the repayment of the credit at accessible rates, subsidized by 4 percentage points by the Ministry of Agrarian Development, through the Trust Fund.

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