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

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.

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