ISLAMABAD: The National Bank of Pakistan (NBP) has joined hands with Engro Foods Limited under the Prime Minister Youth Business Loan (PMBYL) to provide entrepreneurship opportunities to deserving and talented youths in dairy and livestock sector.
As per the NBP statement, the representatives of National Bank at this MoU Signing ceremony were Mudassir HKhan – SEVP & Group Chief, Commercial, Retail Banking Group (CRBG), SH Irtiza Kazmi – EVP & Coordinator PMYBL, CRBG, Nageen Rizvi – VP & Unit Head Marketing & Promotions PMYBL, CRBG. While Engro Foods was represented by Sarfaraz A. Rehman – CEO, Engro Foods, Babur Sultan – Vice President Supply Chain and Saud Ahmed Pasha – Director Agri Business, Engro Foods.
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The Engro Foods would provide its assistance via continuous training to their vendors for maximizing output, quality assurance and optimum productivity in accordance with the reasonable industry standards. This collaboration would assist the PMYBL Scheme (PMYBL) for generating opportunities of self-employment to the future vendors of Engro Foods including cattle & fruit farmers etc.
The financing would be provided by the PMYBL scheme and the training would be provided by Engro Food’s CSV initiative through different programs including LLW (Lady Livestock Workers),KushaliGhar, Farm Development Program, Machine & Transport Financing for Cattle & Agri Farmers, Chiller shops/ Collection points for WMC and Solar Power Financing for dairy collection points. The financing will be provided to the eligible candidates in accordance to the specific programs executed in their rural/urban areas.
