Sanction gives new boost to credit for the transportation sector
President Luiz Inácio Lula da Silva signed this Monday (14) the sanction of the bill that converts into law the provisional measure responsible for releasing up to R$ 30 billion in credit lines aimed at transportation professionals. The signing took place at a ceremony at the Palácio do Planalto.
The measure benefits categories such as taxi drivers, app drivers, school transport drivers and cooperatives in the urban and rural mobility sector.
From provisional measure to law
The proposal originated in a provisional measure issued back in June, as a development of the Move Brasil program. In practice, the new law reuses funds that had not been fully used in the previous stages of the initiative, directing the remaining balance to new financing operations.
The text was approved by the National Congress in late August and now, with presidential sanction, gains definitive force, allowing operating banks to begin offering the credit lines under the established conditions.
Who can access
The list of beneficiaries includes workers who depend on the vehicle as a source of income. Among the main eligible groups are:
- App drivers who work on ride-hailing platforms
- Taxi drivers with a permit and municipal registration in good standing
- School transport drivers enrolled in municipal and state programs
- Cooperatives and associations linked to the transportation sector
What changes in practice
The central objective of the measure is to facilitate access to financing with lower interest rates and extended terms, allowing fleet renewal, vehicle maintenance and the acquisition of equipment essential for work.
According to the government, the initiative seeks to stimulate the popular economy and preserve jobs in a segment that employs millions of Brazilians as self-employed workers.
With the conversion into law, the expectation is that the funds will reach the financial institutions responsible for operating the credit lines more quickly, giving predictability to professionals who have been awaiting the credit since the program's initial announcement.