FinTech Adoption and Economic Resilience of Street Vendors in India

Swati Mathur (), P. Kalyani and Rama Krishna Yelamanchili ()
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Swati Mathur: Institute of Public Enterprise, Hyderabad, Telangana 500101, India
P. Kalyani: Institute of Public Enterprise, Hyderabad, Telangana 500101, India
Rama Krishna Yelamanchili: Institute of Public Enterprise, Hyderabad, Telangana 500101, India

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2025, vol. 28, issue 03, 1-23

Abstract: 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.

Keywords: PM-SVANidhi; digital payments; street vendors; FinTech; economic resilience (search for similar items in EconPapers)
JEL-codes: D91 G40 G53 O14 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1142/S0219091525500171

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