Mumbai, Jun 24 (PTI) Digital lending platform Fibe on Tuesday said it has entered the green energy segment with the launch of its rooftop solar financing solution to make clean energy adoption more accessible to middle-income households.

Fibe has partnered with more than 100 solar installation EPC companies to offer the solution pan-India, it said in a statement.

Fibe CEO and co-founder Akshay Mehrotra said the company is focused on expanding its presence in Tier-II and III markets, with ongoing efforts to deepen distribution through partnerships with solar manufacturers and service providers.

The product is tailored for middle-income households and the residential segment. Customers can access collateral-free loans of up to Rs 5 lakh, with 100 per cent of the project cost covered, including both panel and installation expenses.

"Upfront affordability has remained one of the biggest hurdles for rooftop solar adoption, especially among middle-income households in smaller cities," Mehrotra said, adding that the initiative supports the government's mission to power 1 crore homes with solar under PM Surya Ghar: Muft Bijli Yojana. PTI HG BAL

Rooftop solar financing: collateral-free loans expand residential clean energy access, supporting national solar homes initiative. The rooftop solar financing product provides collateral-free loans to middle income residential customers, covering 100 per cent of project costs including panels and installation, up to a specified credit ceiling. Deployment is through partnerships with over one hundred solar EPC firms and additional manufacturer and service provider tie ups, focusing on expanding adoption in Tier II and Tier III markets and aligning with the national household solar electrification initiative.