The Social Fuels Stamp is an identification component granted by the Agrarian Development Ministry to producers of biodiesel who promote social inclusion and regional development by creating jobs and income for family farmers who fall under the Pronaf (National Program for Family Farming Support) criteria.
By using the social fuels stamp, the biodiesel producer will qualify for PIS/Pasep (social integration program tax) and Cofins (social security funding tax) tax deductions with specific tax reduction coefficients, and for better financing from the National Economic and Social Development Bank – BNDES and its Accredited Financial Institutions, from the Banco da Amazônia (Bank of the Amazon) S/A – BASA, from the Banco do Nordeste do Brasil (Bank of Northeastern Brazil) - BNB, from the Banco do Brasil (Bank of Brazil) S/A, in addition to other financial institutions which have special financing terms for projects with the Social Fuels Stamp. Biodiesel producers will also be able to use the stamp in marketing initiatives to promote their company.
