NCC Bank, Department of Youth Development sign MoU

With the aim of empowering the young generation of the country and achieving sustainable economic growth, NCC Bank has recently signed a Memorandum of Understanding (MoU) with the Department of Youth Development, according to a press release.

Under this strategic collaboration, NCC Bank will provide SME loan facilities in potential sectors to the young entrepreneurs trained by the Department of Youth Development. As a result, the trained youth will be able to become self-reliant and contribute to the economic development of the country.

The agreement was signed and exchanged on behalf of their respective organizations by Dr. Gazi Md. Saifuzzaman, Director General (Grade-1) of the Department of Youth Development, and M. Shamsul Arefin, Managing Director of NCC Bank, at a ceremony held at the head office of the Department of Youth Development in Motijheel, Dhaka. Present on the occasion were, among others, senior officials from both organizations, including M A Akher, Joint Secretary & Director (Admin); Priyasindhu Talukder, Joint Secretary & Director (Seed Financing); and A K M Mofizul Islam, Director (Training) from the DYD; and Md. Habibur Rahman, Deputy Managing Director; Sharif Mohammad Mahsin, SVP & Head of SME; Shahin Akter Nuha, SVP & Head of Transaction Banking & Cash Management Division; and Md. Anisur Rahman Majumder, VP & Head of Financial Inclusion Cell from NCC Bank.

At the event Dr. Gazi Md. Saifuzzaman, Director General (Grade-1) of the Department of Youth Development, said, "The Department of Youth Development is working tirelessly to make the youth across the country self-reliant. Every year, about three hundred thousand young men and women receive training through the Department of Youth Development." He thanked the authorities of NCC Bank for agreeing to work together in playing an important role in solving the country's unemployment problem by providing support to educated and trained young entrepreneurs.

M. Shamsul Arefin, Managing Director of NCC Bank, said, "Our goal is to ensure that no potential young entrepreneur is left behind due to financial constraints. As a responsible financial institution, NCC Bank has always encouraged self-reliant initiatives for sustainable growth. We believe that through this collaboration between the two organizations, thousands of young entrepreneurs will become self-reliant and also create employment opportunities for others, which will contribute significantly to the country's economy." He further added that through the signing of this MoU, both organizations are committed to working together in the long term to build successful entrepreneurs for a new self-reliant generation, which will undoubtedly play a major role in the balanced development of the country.