Blog IICA

Special Credit Lines (LEC) for interest-rate subsidies to agricultural producers in Colombia

Start Date: 04/03/2024
End Date: 31/12/2024

Description

The Special Credit Lines (LEC) aim to facilitate access to agricultural credit through an interest-rate subsidy on the rediscounted loans granted to producers. They comprise three lines: Productive Development, to finance the working capital of competitive and sustainable production; Agricultural Reactivation, for producers affected by climatic, plant health or animal health events; and Agrarian Reform, for the purchase of land for agricultural purposes.

Action scope

National

Evaluated

No

Stage

Completed

Temporalidad

Short-term

Number of Years

N/A

Related elements

Budget in USD

Budget in USD
$53,217,174.00
Counterpart Budget
$0.00
Total Budget
$53,217,174.00
Annual Average Budget
$53,217,174.00

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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