Observational analysis reveals FinTech adoption boosts economic resilience in street vendors, indicating key performance factors.
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.
No takes yet. Share an insight, caveat, or question.
Mathur et al. (2025) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: