📋 Tender Overview
The Ministry of Development and Social Assistance Family and Fight against Hunger through Ordinance No. 858 of February 8 2023 which reduces the assignable margin the maximum number of installments and the interest rate on loans allocated to social benefits aims to protect the heart of the Bolsa Famlia Program which is to guarantee a minimum income for food and other needs and lift people out of extreme poverty.Caixa Econmica Federal and three other banks acted correctly by suspending new payroll operations but other financial agents continued to do so. With this measure that we have adopted the MDS has a smaller impact on the income of families covered by social benefits in addition to inhibiting the generation of more problems for people who resort to loans said Minister Wellington Dias.With these words the minister makes it clear that the new rules also aim to reduce the interest of financial institutions in carrying out such operations.It is worth mentioning that last year on the eve of the presidential elections approximately R 9.8 billion in payroll loans were released in a period of just 18 days for beneficiaries of income transfer programs which reveals the electoral character of the measure. The result is the indebtedness of families who each month have discounted 40 of the social benefit explained Wellington Dias.Even after the inauguration of President Luiz Incio Lula da Silva in January and the governments demonstration against this type of payroll loan in 2023 more than 11000 loans were granted by banking institutions.Given the legal impossibility of revoking Law 144312022 by decree which created the payroll loan for beneficiaries of income transfer programs the MDS used the regulatory power granted through Decree 11170 of August 11 2022 to reduce the percentage of commitment of income with the payment of loans consignable margin the number of installments term of payment of loans and the interest rate.The current government is working on proposals to open employment and entrepreneurship opportunities with a focus on the Single Registry.
