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Swiggy joins NSE to empower delivery partners with financial literacy programmes
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Saturday, 04 January, 2025, 14 : 00 PM [IST]
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Our Bureau, Bengaluru
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In a significant step toward advancing financial inclusion and empowering gig workers, Swiggy, India’s pioneering on-demand delivery convenience platform, signed a Memorandum of Understanding (MoU), with the National Stock Exchange of India Limited (NSE), at the latter’s headquarters in Mumbai. Swiggy and NSE will join hands to roll out a comprehensive financial literacy programme for delivery partners, with special focus on female delivery partners. Additionally, it also announced that it intends to have 1 lakh women delivery partners by 2030.
The chief guest for the event was Amruta Fadnavis, in her address, she underscored the importance of empowering women in the workforce and emphasised how financial literacy can contribute to their independence and well-being of their families. She shared inspiring stories of women who have risen from grassroot level. She congratulated the women delivery partners for their successful journey and encouraged them to follow their dreams. Lastly, she reinforced that ‘women are creators’ and need to stay focused to ensure that their families have a better life.
Integrated into its flagship initiatives, She the Change and Swiggy Skills, the programme is designed to equip the delivery partners with vital financial skills that drive household stability, improve socio-economic outcomes, and contribute to the nation's financial inclusion agenda. Financial literacy has been shown to increase household spending on education and savings by up to 40%, with ripple effects on long-term health, productivity, and overall well-being. This initiative underscores Swiggy’s commitment to the holistic development of its delivery partners and aligns with its sustainability goals to foster community welfare.
Sriharsha Majety, MD & group CEO, Swiggy, said, “Earlier this year, when we launched ‘She the Change’ programme, Finance Minister. Nirmala Sitharaman, made a very pertinent observation when she said that in areas where women are visibly seen to be running more enterprises such as Food and Beverage businesses, crime and anarchy will gradually reduce. I believe that the presence of women delivery partners on the road is an equally positive signal. We, at Swiggy, will do our utmost in this direction; and commit to take the number of women delivery partners to at least 1 lakh by 2030. We will continue to come out with policies and programmes to support this positive change, and our MoU with NSE is a step in this direction.”
Ashishkumar Chauhan, MD & CEO, NSE, said, “At NSE, we are proud to lead the way in bringing financial literacy and investor awareness programs to the gig workforce, a vital and growing segment of our economy. This partnership with Swiggy reflects our commitment to equipping delivery partners, especially female partners, with the knowledge and awareness of tools needed for financial independence and long-term security. By focusing on financial literacy, we aim to empower gig workers to manage their finances more effectively for their financial well-being. Today’s initiative is another step in NSE’s mission to drive financial inclusion and well-being of people and transform lives through knowledge and empowerment.”
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