Authors:
Sagar Onkarrao Manjare, Sarika Dixit, Atikur Hussain

Addresses:
Department of Management, Mahatma Gandhi University, Byrnihat, Meghalaya, India. Department of Sociology, Mahatma Gandhi University, Byrnihat, Meghalaya, India. Department of Economics, Mahatma Gandhi University, Byrnihat, Meghalaya, India.

Abstract:

This study investigates the transformative potential of Peer-to-Peer (P2P) lending in advancing sustainable economic growth through green finance in Northeast India (2000–2025). Employing a mixed-methods approach, the research integrates quantitative analysis of primary data from 225 stakeholders and secondary datasets with qualitative insights from policymakers and entrepreneurs. Results demonstrate a robust positive correlation between P2P adoption and green project completion rates (β = 0.35, p = 0.01), with P2P-driven investments contributing a 0.32 percentage point to GDP growth. Notably, P2P platforms outperformed traditional banks by delivering 12% higher returns in solar energy ventures. However, infrastructural deficits (34% internet penetration) and cultural resistance (22% decline in participation) emerged as critical barriers, alongside regulatory ambiguities cited by 68% of respondents. The study proposes policy interventions such as blockchain-enhanced transparency and state-level tax incentives to align P2P models with SDG 7 (Affordable Energy) and SDG 13 (Climate Action). By contextualising decentralised finance within rural development economics, this research advances theoretical frameworks, such as the double dividend hypothesis, and offers scalable strategies for fintech-driven sustainability in emerging economies.

Keywords: Green Finance; P2P Lending; Sustainable Economic Growth; Sustainable Development Goals; Renewable Energy Investments; Financial Inclusion; Decentralised Finance; GDP Correlation; Regulatory Policy.

Received on: 09/06/2024, Revised on: 21/08/2024, Accepted on: 28/10/2024, Published on: 05/03/2025

DOI: 10.69888/FTSML.2025.000400

FMDB Transactions on Sustainable Management Letters, 2025 Vol. 3 No. 1, Pages: 13-23

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