Anushree Jindal (pictured), daughter-in-law of Sajjan Jindal, has launched a microfinance institution (MFI), Svamaan Financial Services.
The firm has been set up with a seed capital of Rs 15 crore through personal funding, said Anushree. The MFI is also looking at lending to micro small and medium enterprises (MSMEs) for loans up to Rs 2 lakh through the venture, she said. Svamaan plans to have a portfolio of Rs 100 crore, reaching out to almost 100,000 rural women by 2020-21, said Kiran Kumar, CEO, Svamaan Financial Services. Svamaan started operations on January 14, with lending to MSMEs in Karnataka and