FinTech Adoption and Economic Resilience of Street Vendors in India
Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM-SVANidhi) scheme provides collateral-free working capital loans to street vendors of India. We investigated the impact of PM-SVANidhi and FinTech adoption on the economic resilience of street vendors. The perception of PM-SVANidhi borrowers toward the loan, performance expectancy, effort expectancy, perceived risk, and economic resilience was measured. Using a sample of 400 PM-SVANidhi borrowers, we found a significant positive influence of PM-SVANidhi, Performance Expectancy, and Effort Expectancy and a negative and insignificant impact of perceived risk on economic resilience. FinTech significantly mediated PM-SVANidhi’s impact on Economic Resilience, while Perceived Risk did not moderate the relationship between FinTech adoption and Economic Resilience.
Authors
- Swati Mathur (ORCID: https://orcid.org/0000-0002-6675-6703)
- P. Kalyani
- Rama Krishna Yelamanchili
Institutions
- Institute of Public Enterprise (IN)
Publication Details
- Journal
- Review of Pacific Basin Financial Markets and Policies
- Published
- 2025-07-25
- DOI
- https://doi.org/10.1142/s0219091525500171
- Primary Topic
- FinTech, Crowdfunding, Digital Finance
- Type
- article
- Field-Weighted Citation Impact
- 0.00