ANNOUNCEMENT 07 Nov 2018

The National Bank for Economic and Social Development (i.e. BNDES by the acronym in Portuguese) announced the inclusion of locally produced motorcycles in the list of products suitable to access credits from the BNDES Finame - BK Acquisition and Commercialization line.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 07 Nov 2018 | Removal date: open ended
Still in force

Localisation incentive

On 7 November 2018, the BNDES announced the incorporation of locally manufactured motorcycles to the list of Computerized Suppliers equipment allowing interested companies and entrepreneurs to obtain credit lines with beneficial conditions to purchase these products.

The financial conditions of these loans are:

  • Interest rate of TLP or SELIC + 1.42% (in the cases of micro companies, the monthly interest rate will be approximately 1.33%);
  • Resources to cover up to 80% in the case of big companies and 100% in the cases of SMEs;
  • Deadlines of up to 10 years.

These credit lines will be distributed through accredited financial agents, including public and private banks, cooperative banks, automobile banks, credit unions and development agencies.

AFFECTED SECTORS

 

AFFECTED PRODUCTS