Standard Chartered Fundraises For 'Seeing is Believing'

Standard Chartered Fundraises For 'Seeing is Believing'

Oct. 18, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 08 No. -9 October. 18- 2014 (Kartik 01, 2071)

Standard Chartered Bank raised US$ 75 million fund for its ´Seeing is Believing´ program. The bank targets to raise $100 million by 2020 under this program which aims to bring affordable eye-care in areas of high need.

Under the program, the bank is funding two big projects in Nepal. "As the first big project in Nepal, Eastern Region Eye Care Program (EREC-P) has received a financial support of $1 million (approximately Rs 95 million) under the initiative for construction of Biratnagar Eye Hospital. The project was successfully completed in 2013," the bank said in a statement.

A Memorandum of Understanding was exchanged between the Standard Chartered Bank and Tilganga Institute of Ophthalmology (TIO) to fund a major expansion project of TIO. The project aims to reduce avoidable blindness by developing a surgical facility in rural and semi-urban areas. “Started in 2003 as a staff-driven initiative, Seeing is Believing has grown to an international campaign which has supported 96 eye health projects in 26 countries worldwide.

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