The current study examines the pivotal role of psychological capital (PsyCap) in nurturing entrepreneurial resilience amid crisis events. Crisis situations, such as natural disasters, pandemics, or economic downturns pose substantial challenges to entrepreneurs, requiring adaptive responses to ensure organizational survival and growth. Theory of PsyCap comprehends individual psychological resources such as self-efficacy, optimism, hope, and resilience. This study investigates how these positive psychological characteristics contribute to entrepreneurs' ability to withstand adversity and sustain their entrepreneurial activities which might have been suffered due to setbacks during crisis events. In this study a mixed methods approach is employed, which is integrating qualitative interviews with entrepreneurs and quantitative surveys to gain a comprehensive understanding of the relationship between PsyCap and entrepreneurial resilience. Qualitative interviews offer insights into entrepreneurs' subjective experiences, coping strategies, and psychological processes during crises, while quantitative surveys allow the measurement of PsyCap elements and their impact on resilience. The findings from this research would enable to throw light on the mechanisms through which PsyCap influences entrepreneurial resilience, providing valuable insights for entrepreneurs, organizational leaders, policymakers and pursuing to enhance readiness or preparedness and adaptive capacity in the face of crisis events. The nature, intensity and severity of crisis events may vary significantly. This study may not give an explanation for all types of crises (e.g., natural disasters, pandemics, economic downturns) and the findings might differ based on the specific situation of the crisis. By explicating the role of psychological resources in nurturing resilience, this study contributes to the growing literature on entrepreneurship and crisis management, offering practical suggestions and implications for resilience-oriented interventions and support programs.