✓ verbatim from the press
President Luiz Inácio Lula da Silva launched on Friday (12) the Move Motos program — a credit line with 12.5% annual interest for app motorcyclists to finance motorcycles, mopeds and electric bicycles produced in Brazil. The rate represents less than half of the 27% practiced in the market, according to minister Guilherme Boulos, with 100% financing of the vehicle value and up to three months grace period to start paying. ✓
Press quotes (2)
"O presidente Luiz Inácio Lula da Silva lançou nesta sexta-feira (12) o programa Move Motos"
"Hoje o juro médio para comprar moto está em 27% ao ano, mas conseguimos chegar a 12,5% ao ano"
The target audience are the 351,000 motorcyclists who work through apps in the country — 33.5% of the 1.1 million motorcycle drivers registered by IBGE in 2024. To access credit, workers need six months registered on the official platform and at least 100 completed rides. Starting July 13, approved professionals can seek Banco do Brasil, Caixa or authorized institutions to contract financing. ✓
Press quotes (2)
"Os ocupados que trabalhavam como condutores de motocicletas eram 1,1 milhão em 2024. Deste total, 33,5% (351 mil pessoas) realizavam trabalho"
"Para acessar o financiamento, estão previstos alguns requisitos mínimos, como seis meses de cadastro na plataforma oficial, e no mínimo, 100 corridas realizadas"
Move Motos is part of the Move Brasil program, which has R$ 21.2 billion available from BNDES for fleet renewal. On the first day of Move Brasil operations, R$ 3.2 billion in credit was contracted. During the ceremony at Palácio do Planalto, Lula stated that motorcyclists "are no longer the last workforce considered invisible in this country" and demanded that BB and Caixa organize "proactive and bureaucracy-free" service within 30 days. ✓
Press quotes (2)
"No primeiro dia de operações, R$ 3,2 bilhões em crédito foram contratados pelo Move Brasil, dos R$ 21,2 bilhões colocados à disposição pelo Banco Nacional de Desenvolvimento Econômico e Social (BNDES)"
"Os motociclistas de aplicativo deixaram de ser a última força de trabalho considerada invisível neste país"
Financing includes credit insurance, helmets, batteries and electric charging points, all available through the gov.br/movebrasil platform. Rates are differentiated by gender: 0.99% per month for men and 0.91% for women. Professionals with credit restrictions can use the Desenrola program to regularize their situation before joining Move Motos. ✓
Press quotes (2)
"a taxa a ser cobrada para financiamento dos veículos será de 12,5% ao ano, o que corresponde a 0,99% ao mês para homens e 0,91% ao mês para mulheres"
"motoristas com restrição de crédito não poderão aderir inicialmente, mas poderão recorrer ao programa Desenrola para regularizar a situação"
Move Motos program was launched by President Lula on Friday (12) with 12.5% annual interest
Financing covers 100% of vehicle value without down payment and includes helmets, batteries and credit insurance
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Minister Guilherme Boulos made statements detailing program conditions before the launch
Lula advocated for traffic education campaigns to improve relationship between drivers and motorcyclists
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What is the specific legal document that created the Move Motos program?
Why it's still unknown: The decree, administrative order or normative instrument that formalized the program was not found in DOU or Planalto websites as of June 13, despite the public launch on June 12
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What is the specific allocation of BNDES resources for Move Motos?
Why it's still unknown: While Move Brasil has R$ 21.2 billion available, the portion specifically designated for motorcycles and mopeds was not disclosed separately
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What are the technical or legal arguments against the program?
Why it's still unknown: No source presented criticism, questions about fiscal impact, program sustainability or opposition positioning