Chennai, 18 June 2025 – Dugar Finance & Investments Limited, a non-banking financial company (NBFC) with a growing footprint in solar and MSME financing, has secured USD 3 million in debt funding from the $75 million Green Basket Bond issued by Swiss-based Symbiotics Investments. This landmark bond—its second issuance—was subscribed to by British International Investment (BII), the UK’s development finance institution and a leading global impact investor. The initiative aims to fuel the adoption of renewable energy solutions across Asia and Africa.
This infusion of capital will empower Dugar Finance to scale its offerings in electric vehicle (EV) and rooftop solar financing, focusing on underserved markets such as tier-2 and tier-3 cities. The expansion will specifically benefit residential customers, MSMEs, and housing societies seeking accessible financing for clean energy solutions.
“At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability,” said Ramesh Dugar, Founder & MD. “This support from Symbiotics Investments and BII is a strong validation of our grassroots impact. We’re now positioned to serve a wider demographic with financing tools that accelerate their transition to cleaner, more resilient energy futures.”
Driving Impact at the Intersection of Finance and Sustainability
Since inception, Dugar Finance has catalyzed clean energy adoption among over 1,200 customers, facilitating EV purchases and rooftop solar installations. These efforts have led to a reduction of nearly 3,000 tonnes of CO₂ emissions and generated annual electricity savings of INR 2.96 crore—reinforcing the company’s commitment to environmental responsibility and inclusive growth.
As clean technology adoption gains momentum across India’s smaller cities, Dugar Finance continues to lead with purpose-driven lending that supports both climate action and community development.
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