NCC Bank signs research agreement with Bangladesh Rice Research Institute (BRRI)

NCC Bank will provide financial assistance of Tk 9 million (90 lac) to a research project related to the development of “Prilled Urea Applicator” agriculture machinery of Bangladesh Rice Research Institute (BRRI) under special CSR in the agriculture sector.

In presence of M Shamsul Arefin, Managing Director and CEO (C.C.) of NCC Bank Dr Md Shahjahan Kabir, Director General (Grade-1) of Bangladesh Rice Research Institute (BRRI) and Md Monirul Alam, SEVP and Company Secretary of NCC Bank signed the agreement on behalf of their respective organisations at the bank’s head office on Wednesday, according to a media release.

Besides, Md Mahbub Alam, Mohd. Rafat Ullah Khan and Md Zakir Anam, Deputy Managing Directors, Mohammed Mizanur Rahman FCA, SEVP and CFO, Mohammed Anisur Rahman, SEVP and CIO, Syed Hasnain Mamun, SVP and Head of Human Resources Division, SVP of Credit Risk Management Division of NCC Bank, Dr Md Golam Kibria Bhuiyan, PSO, Dr Mohammah Kamruzzaman, Principal Investigator and Senior Scientific Officer and Mizanur Rahman, SO of Farm Machinery and Post Harvest Technology Division of Bangladesh Rice Research Institute were also present on the occasion.

Dr Md Shahjahan Kabir, Director General of Bangladesh Rice Research Institute mentioned that supporting agricultural research projects is a great initiative of the Bank and thanked the NCC Bank’s authorities for co-operating the research project like the development of “Prilled Urea Applicator” agriculture machinery for 30 per cent less use of urea fertiliser in paddy land.

He hopes that through this applicator, urea fertiliser will be placed deep into the soil, which will help reduce greenhouse gas emissions, the release says.

M Shamsul Arefin, Managing Director and CEO (C.C.) of NCC Bank said that NCC Bank has already supported the marginal farmers to cultivate a single inch of land across the country as a part of social responsibility as announced by Hon’ble Prime Minister.

He added that, apart from providing loan facilities at lower interest rate, the bank has distributed various types of seeds, fertiliser, pesticides and saplings among 15,000 marginal farmers across the country free of cost.

In continuation of that, NCC Bank is providing financial assistance to develop “Urea Applicator” research project for less use of fertiliser in paddy land and it will continue in other agricultural projects in future, the release adds.