EV financing has fueled women’s empowerment across states, with notable figures in Uttarakhand and Jharkhand at 550 and 362 respectively, followed by Madhya Pradesh (166), and Assam (105).
More than 5,500 women in Bihar, UP have availed of EV loans, said RevFin Services, highlighting the rise of women from Tier 2 and Tier 3 cities in India.
RevFin’s report vividly showcases women’s empowerment through EV financing across various states. States like Uttarakhand account for 550 women securing loans, while Jharkhand stands at 362.
Sharing his insight on the report, Sameer Aggarwal, CEO and Founder of RevFin, said, “It’s commendable to witness the remarkable ascent of women hailing from tier 2 and 3 cities. By embracing EV financing opportunities, they are no longer just the bread makers but are also taking charge as the breadwinners of their households. In pursuit of empowerment, they have encountered unique hurdles in accessing loans. At Revfin, our seamless loan process stands as a beacon of support, providing these incredible women with the financial resources they deserve.”