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Rural Capitalization Incentive to support small and medium-sized farmers in Colombia
Start Date:
01/03/2024
End Date:
31/12/2024
Description
The incentive aims to support the productive investment of small and medium-sized agricultural producers through a recognition that reduces the outstanding balance of the loan taken out to finance their investment projects. The incentive covers up to 40% of the project value for low-income small producers, up to 30% for small producers and up to 25% for medium-sized producers.
Observations
The allocation is part of a package of more than COP 382,000 million that also includes the Special Credit Lines and microcredit; the amount of those lines is not included in the budget of this initiative.
Iniciative Type
Action scope
National
Evaluated
No
Stage
Completed
Temporalidad
Short-term
Number of Years
N/A
Related elements
Sectors:
Thematic Areas:
Countries:
Beneficiaries:
Instruments:
Resultados:
Policy frameworks:
Budget in USD
Budget in USD
$39,009,643.00
Counterpart Budget
$0.00
Total Budget
$39,009,643.00
Annual Average Budget
$39,009,643.00
| Financing Sources | Financing Types |
|---|---|
| MINAGRICULTURA: Ministry of Agriculture and Rural Development of Colombia | Public budget |
Institutions
| Institutions | Institutions rols |
|---|---|
| MinAgricultura: Ministry of Agriculture and Rural Development (Colombia) | Execution and operation |
| Finagro: Fund for financing the Colombian agricultural sector | Execution and operation |
| Banco Agrario de Colombia | Planning |
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