Usha Financial Services Limited, a prominent Non-Banking Financial Company (NBFC), has marked a significant milestone by financing over 3,300 electric vehicle (EV) owners through its Green Financing Loans. This achievement underscores the company’s commitment to supporting India’s rapidly expanding EV market.
The NBFC operates across 84 districts in key states, including Assam, Bihar, Delhi, Jharkhand, Madhya Pradesh, Odisha, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand, having disbursed ₹50 crores in Green Financing to date. Usha Financial Services’ extensive network facilitates financial inclusion and environmental sustainability by bridging financial gaps.
Geeta Goswami, CEO of Usha Financial Services Limited, expressed pride in the company’s impact, stating, “We are immensely proud to have empowered over 3,300 EV owners on their journey towards a cleaner and greener tomorrow. Our Green Financing Loans are not solely about enabling EV ownership; they are about catalyzing a positive shift towards a more sustainable future for all.”
With an average loan size of ₹1.5 lakh, Usha Financial Services is particularly focused on helping underserved communities transition to eco-friendly transport solutions such as E-Rickshaws. These vehicles are favored for their zero emissions and low operational costs, while also contributing to job creation.
Looking ahead, Usha Financial Services aims to double its support to EV owners through Green Financing Loans by March 2025, reinforcing its leadership role in promoting positive change within India’s EV sector.
