A next-gen technology-driven microfinance company, Svatantra Microfin Private Limited operates in rural areas of the country. It offers not only micro-credit but a bouquet of financial services like Cashless Health Insurance, Personal Accident and Home Insurance. The comprehensive list of offerings is designed as per the needs of rural customers. In the wake of the recent calamity due to Cyclone Amphan in the coastal areas of West Bengal and Odisha, Svatantra Microfin’s Home Insurance (Standard Fire Special Peril Policy) has proved a key to recover from this “Act of God” devastation. Several coastal districts of West Bengal and Odisha are still reeling under the aftermath of the cyclone. Under the Home Insurance, client house is insured against damage to house due to fire, lightning, storm, Implosion, Explosion, Flash Floods, thereby giving the affected clients a much needed help to rebuild their houses. The claim money will help clients reconstruct their houses and a chance to reset their lives. Svatantra’s offerings benefitted a little above 2000 families with claims amounting to close to Rs 2 Crores.
