RIO DE JANEIRO, BRAZIL - A newcomer in the operation of federal subsidies in rural credit, Caixa Economica Federal (Brazil's federal savings bank), universally known as "Caixa", will provide R$7 (US$1.4) billion for equalization operations in the 2021/22 Harvest Plan. Another R$28 billion in the bank's own resources complete the R$35 (US$7) billion to be offered for rural loans from July 1, a record amount for the bank.
The focus will be to assist family farmers and storage and irrigation lines, according to the institution's president Pedro Guimarães. He said . . .
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