Assam to seek insurance, NBFC moratorium for flood victims
India, Aug. 1 -- The Assam Government on Friday decided to approach insurance companies and non-banking financial companies (NBFCs) for expeditious disposal of claims and providing a moratorium to their customers from the four districts which have been badly affected by the floods this year, Chief Minister Himanta Biswa Sarma said.
Assessment of damage to houses, livestock, etc., is expected to be completed shortly, and the Government will try to ensure that funds for repair are disbursed at the earliest, he added.
The announcement came a day after the Chief Minister chaired a special meeting of the State Level Bankers' Committee (SLBC), in which it was decided that a six-month moratorium would be offered to all flood-affected people in...
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