Bolsonaro approves Pronampe, which will offer $960mm to small businesses in 2021

President Jair Bolsonaro has sanctioned Bill (PL) 5.575/2020, authored by Senator Jorginho Mello (PL-SC), which makes the National Programme to Support Micro and Small Enterprises (Pronampe) permanent. The announcement was made on Bolsonaro’s social networks. The expectation is that R$ 5 billion (£960 mm) will be granted through the program for micro and small businesses, an amount that could reach R$ 25 billion (£4.8 bn) if supported by public and private banks. Last year, a total of R$ 37 billion (£7.1 bn) were passed on by Pronampe.

Source: CNN Brasil