In an era where financial inclusion and climate action often feel like separate conversations, Dugar Finance is proving that they can, and must, go hand in hand.
The Chennai-based non-banking financial company (NBFC) has just raised $3 million in debt through the Green Basket Bond, an initiative by Symbiotics Investments, a Swiss-based impact investment firm. This isn’t just another funding round—this is a step toward reshaping how India’s underserved communities access and adopt green technologies.
The bond, part of a $75 million issuance, has been subscribed to by British International Investment (BII), the UK’s development finance institution. This marks Symbiotics’ second Green Basket Bond issuance, a testament to growing international confidence in the region’s green financing potential.
Greening Bharat, One Loan at a Time
With this capital, Dugar Finance plans to deepen its roots in EV and rooftop solar financing, specifically targeting tier-II and tier-III towns—places often overlooked by mainstream financiers. From residential customers to MSMEs and housing societies, the goal is clear: make clean energy and electric mobility affordable and accessible where it’s needed most.
“Green finance shouldn’t be a privilege of the metros,” a spokesperson from Dugar Finance stated. “Our aim is to democratize access—whether it’s helping a gig worker buy his first electric rickshaw or enabling a housing society to switch to solar.”
Inclusive Finance as a Force for Good
Founded with a mission to empower self-employed individuals and gig economy workers, Dugar Finance has always been about more than just numbers. Over the years, it has supported over 25,000 customers across 30 branches in 6 states, many of whom are credit-invisible or financially underserved.
Its portfolio ranges from income-generating vehicle loans to micro loans for MSMEs, but what stands out is its deliberate push into green financing. To date, Dugar has facilitated the adoption of over 1,200 rooftop solar installations and numerous electric vehicle purchases, turning everyday citizens into climate warriors.
As the country marches toward its sustainability goals, stories like Dugar’s highlight a quiet revolution—a bottom-up, community-driven transformation powered by trust, grit, and access to the right financial tools.
In a world racing toward net-zero, Dugar Finance isn’t just keeping pace—it’s enabling thousands of Indians to ride along.
