“Bridging Financial Inclusion and Sustainability through Climate Fintech: Exploring the Role of Digital Microfinance Platforms in Supporting Renewable Energy Adoption and Green Development in India”

Divyanshu sushilkumar Choudhary , Mayur Phatak

Climate fintech; Green microfinance; Financial inclusion; Renewable energy financing; Sustainable development; Digital lending platforms; AI in credit scoring; Blockchain in microfinance; India; Green finance

The combination of financial inclusion, sustainability, and new technology has led to the rise of climate fintech, a fast-growing field that will have a big impact on developing economies. In India, where microfinance has historically been crucial for providing credit to underserved rural communities, the integration of climate fintech offers a transformative opportunity to finance the adoption of renewable energy and expedite green development. This paper examines the function of digital microfinance platforms in advancing sustainable energy solutions, including solar home systems, clean cooking technologies, and electric mobility. Using secondary data from climate finance reports from the Reserve Bank of India (RBI), NABARD, and the World Bank, as well as case studies of fintech-driven microfinance projects, the study creates a conceptual framework that connects digital innovation, credit accessibility, and climate impact.The results show that digital microfinance platforms can lower transaction costs, improve credit risk assessment with AI-driven scoring, and increase transparency through blockchain-enabled monitoring. This makes it easier for more people to get green finance. But there are still problems like regulatory gaps, low digital literacy, and not enough climate-risk evaluation. The paper adds to the ongoing conversation about how to use digital finance for fair and low-carbon growth by putting climate fintech in the context of India's larger goals of financial inclusion and sustainability.

Volume 10 Issue 9, September-2025

Pages : a447-a469