NCC Bank signs MoU with Department of Youth Development to empower youth

NCC Bank PLC has signed a memorandum of understanding (MoU) with the Department of Youth Development (DYD) with the aim of empowering the country's young generation and promoting sustainable economic growth.

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

Gazi Md Saifuzzaman, director general (grade-1) of the Department of Youth Development, and M Shamsul Arefin, managing director of NCC Bank PLC, attended the signing ceremony held at the DYD's head office in Motijheel, Dhaka recently, according to a press release.

At the event, Saifuzzaman 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."

He thanked the authorities of NCC Bank for agreeing to work together to play an important role in addressing the country's unemployment problem by supporting educated and trained young entrepreneurs.

Arefin 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 organisations, 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 added.

Arefin further stated that through this MoU, both organisations 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.

MA Akher, joint secretary and director (administration) of the DYD; Priyasindhu Talukder, joint secretary and director (seed financing); AKM Mofizul Islam, director (training); Md Habibur Rahman, deputy managing director of the bank; Sharif Mohammad Mahsin, senior vice-president and head of SME; Shahin Akter Nuha, senior vice-president and head of transaction banking and cash management division; and Md Anisur Rahman Majumder, vice-president and head of the financial inclusion cell, among others, were also present.