Swiggy Signed a Memorandum of Understanding (MoU) with the National Stock Exchange of India Limited (NSE)

On 26th December 2024, Swiggy signed a
Memorandum of Understanding (MoU) with the National Stock Exchange of India
Limited (NSE) to create a financial awareness program for its delivery
partners. Swiggy signed a MoU with NSE to launch a comprehensive financial
literacy curriculum for delivery partners, with a particular emphasis on female
delivery partners. The program, unveiled at the NSE's Mumbai offices, focuses
on empowering female delivery partners and is consistent with Swiggy's
objective of having 1 lakh women delivery partners by 2030.
This initiative enhances Swiggy's core
programs, “She the Change and Swiggy Skills”, which aim to improve
socioeconomic outcomes for the company's delivery workers. According to a study,
financial literacy can boost household spending on education and savings by up
to 40%, resulting in increased health and productivity. Swiggy's efforts are
consistent with India's financial inclusion strategy and reflect its dedication
to the well-being of its delivery partners. This project demonstrates Swiggy's
dedication to the holistic growth of its delivery partners and is consistent
with its sustainability aims of promoting community welfare.
By emphasizing financial literacy, the
company aims to empower gig workers to better manage their finances and
improve their financial well-being. The plan is another step toward the
NSE's aim of promoting financial inclusion and well-being, as well as
transforming lives through knowledge and empowerment." During the
ceremony, eleven women delivery executives who completed the most orders in
2024 were recognized for their exceptional possibilities. Each beneficiary
received a cheque of USD 129.01 to fund their initial investments, which will
cover budgeting, investing, debt management, and capital markets. Training
sessions will include app-based and localized information for greater
accessibility, helping Swiggy's delivery partners learn important financial
skills for the future.