Saturday May 31/2025 – 05:27 PM
Mohamed Abu Al Saud, CEO of the Egyptian Agricultural Bank, revealed that the bank has financed the purchase of 2000 genetically improved livestock and its nutritional expenses, at a value of 395 million pounds in favor of 188 beneficiaries of young educators in the East, within the second stage of a dream for financing the heads of genetically improved and genetically produced, which the bank launched in cooperation with the Health Milk company for products Dairy under the auspices of the Ministry of Agriculture.
He emphasized that during the first stage, the purchase of 1.484 heads and its nutrition was funded at a value of 274.5 million pounds, of which 133 customers benefited, as the bank will fund the beneficiaries of small breeders and farmers to buy high -productivity and nutrition heads and Aleppo units, with soft loans with a simple 5 % decreasing interest, and the repayment of production and child sale is paid, according to the initiative of the Central Bank of Egypt To support small activities working in agricultural and animal production, it contributes to improving the standard of living of small farmers and educators in the countryside.
This came during the conference, which was held at the headquarters of the factories and farms of “Helce Milk” for the production of dairy in the village of Al -Talin, Minya Al -Qamh Center in Sharkia Governorate, to announce the launch of the second phase of the “Dream” initiative to finance the high -productive circles of circles for young breeders, in the presence of His Excellency Professor Alaa Farouk, Minister of Agriculture and Land Reclamation, Engineer Hazem Al -Ashmouni, Governor of Sharqia, and Professor Sami Abdel -Sadiq, And Professor Ghada Mustafa, Deputy CEO of the Egyptian Agricultural Bank, Mohamed Mustafa Lotfi, Chairman of the Board of Directors of Helce Milk, and a number of officials of the Ministry of Agriculture, Sharkia Governorate, members of the House of Representatives and the Sheikhs in the governorate.
The CEO of the Egyptian Agricultural Bank pointed out that the “Dream” initiative represents a translation of the state’s vision of establishing a contractual relationship between small farmers and producers, to activate the value -added chains in raising the best genetically improved livestock breeds that are characterized by its high productivity of dairy, whose production exceeds that of the local breeds in implementation of the vision of His Excellency President Abdel Fattah Al -Sisi, President of the Republic, which is what is It contributes to increasing production of meat and milk and its products, and reducing the gap between local production and what is imported from abroad, in addition to the social return, which is to improve the standard of living of small farmers and educators working in this vital sector.
He continued: Also, this initiative represents an expression of the national commitment of the Egyptian Agricultural Bank to set all its capabilities and capabilities to contribute to achieving the goals of the presidential initiative “a decent life” to develop the rural villages, especially with regard to the axis of providing job opportunities and employment to improve the standard of living of the countryside by encouraging them to buy and raise the genetically improved cows that are characterized by their high productivity of dairy, in a way that contributes to increasing the income of farmers Significantly.
Abu Al -Saud stressed the Egyptian Agricultural Bank’s keenness to provide all the elements of success for this initiative, through the bank’s opening of documentary credits to finance the import of livestock “Holstein” Al -Adhar from abroad for the benefit of the company “Helce Milk”, in order to activate the cooperation protocol signed by the bank in this regard, which determines the bank’s role in receiving requests for financing from small farmers and educators who want to benefit from the initiative According to the simplest procedures to facilitate them, the company “Helce Milk” is committed to insurance on livestock, and to provide feed, veterinary supervision, fortifications and vaccines, and the company also gives the beneficiaries free training courses to ensure the ideal education for cows, to achieve the most beneficial from them, and the company will be committed to collecting and buying milk from breeders daily and children at competitive prices, so that it is beneficial to benefit The beneficiaries.
