Senate makes business loan policy permanent

The Senate passed a bill that makes the Program of Support to Micro and Small Businesses (Pronampe) a permanent policy. The bill may now be signed in law by President Jair Bolsonaro. Pronampe granted more than R$37.5 billion ($7.2 bn) in loans in 2020, covering more than 440,000 entrepreneurs. The line of credit extended under Pronampe will correspond to up to 30% of the annual gross revenue obtained in the previous year.

Source: Valor International