Usha Financial Services continues its commitment to sustainability by financing over 3,300 Electric Vehicle (EV) owners through its green financing loans.
So far, the Non-Banking Financial Company (NBFC) has disbursed Rs 50 crore in green financing.
“We are proud to have empowered more than 3,300 EV owners on their journey towards a cleaner and greener tomorrow. At Usha Financial Services, we are not merely providing financial assistance; we are fostering a sustainable mindset that promotes a more environmentally-conscious society. Our green financing loans are not solely about enabling EV ownership; these are about catalysing a positive shift towards a more sustainable future for all,” said Geeta Goswami, Co-Founder and CEO, Usha Financial Services.
With an average loan ticket size of Rs 1.5 lakh, the company is helping underserved communities transition to eco-friendly transport solutions like e-rickshaws. These vehicles, popular for their zero emissions and low operational costs, also contribute to job creation.
The NBFC operates in 84 districts across key states like Assam, Bihar, Delhi, Jharkhand, Madhya Pradesh, Odisha, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand.
Looking ahead, Usha Financial Services aims to double its support to EV owners through green financing loans by March 2025, continuing to lead the way in driving positive change in India’s EV sector.