Swiggy Partners with NSE to Launch Financial Literacy Program for Delivery Drivers

Swiggy, one of India’s leading food delivery platforms, has teamed up with the National Stock Exchange of India (NSE) to introduce a financial literacy programme aimed at empowering its delivery partners. The initiative, which was unveiled at the NSE headquarters in Mumbai, focuses on improving the financial awareness of gig workers, particularly women, by providing them with essential tools to manage their finances more effectively.

Goal to Empower 1 Lakh Women Delivery Partners by 2030

A significant aspect of this collaboration is Swiggy’s commitment to onboarding 1 lakh women as delivery partners by 2030. Women delivery partners will be among the primary beneficiaries of this program. Swiggy’s initiative aligns with its broader vision of promoting gender equality and empowering women in the workforce. Through this partnership with NSE, Swiggy aims to enhance financial independence and well-being among its delivery partners, particularly women, who often face challenges related to financial planning and security.

Accessible Financial Literacy Modules for Delivery Partners

The financial literacy modules offered as part of the programme will be easily accessible through Swiggy’s delivery partner app, with content available in various regional languages to ensure inclusivity and accessibility for a diverse group of workers. The program will cover crucial topics such as budgeting, investment strategies, debt management, and understanding capital markets. These interactive sessions, led by SEBI-certified trainers, aim to equip delivery partners with practical knowledge to better manage their finances and plan for the future.

A Step Towards Financial Inclusion and Women Empowerment

The initiative forms part of Swiggy’s ongoing efforts to support its workforce through a range of programs. These include She the Change, which focuses on empowering women delivery partners, and Swiggy Skills, which is aimed at skill-building and personal development. Swiggy highlights the positive impact that financial literacy can have on household spending, noting that it can improve savings and education spending by up to 40%. In turn, this leads to improved health and overall well-being for delivery partners and their families.

Swiggy’s CEO, Sriharsha Majety, expressed his commitment to women’s empowerment, referencing an earlier remark by India’s Finance Minister, Smt Nirmala Sitharaman, who observed that visible female participation in sectors like Food and Beverage can help reduce crime and anarchy. He emphasized that women delivery partners would play a similar role, furthering positive societal change.

Role of Financial Independence in Empowering Women

At the launch event, Amruta Fadnavis, an advocate for women’s empowerment, spoke about the transformative power of financial independence for women. She encouraged the delivery partners to actively pursue their aspirations and financial goals. As part of the event, ten women delivery executives were honored for their outstanding achievements in the field. Each recipient was presented with an Rs 11,000 cheque, which serves as an initial investment fund to kick-start their financial journeys.

NSE’s Commitment to Financial Literacy for Gig Workers

Ashishkumar Chauhan, MD & CEO of NSE, highlighted the importance of financial literacy in empowering gig workers, who represent a rapidly growing segment of India’s workforce. Through its collaboration with Swiggy, NSE aims to equip delivery partners, especially women, with the financial tools needed for independence and long-term security. Chauhan stressed that the partnership is part of NSE’s broader mission to drive financial inclusion and improve the lives of individuals through education and empowerment.

Swiggy’s Commitment to Delivery Partners’ Growth

Sriharsha Majety also emphasized Swiggy’s dedication to the personal and professional development of its delivery partners. This new financial literacy program is a reflection of Swiggy’s long-term commitment to creating a more sustainable and inclusive platform for its workforce. It aligns with the company’s broader sustainability goals and community welfare initiatives, demonstrating its ongoing efforts to improve the lives of its partners.

Integrating Financial Education into Gig Platforms

This collaboration marks an important step in integrating financial education into gig platforms like Swiggy. As the gig economy continues to grow, initiatives like this one aim to provide workers with the necessary tools to secure their financial futures. By equipping delivery partners with valuable financial knowledge, Swiggy and NSE are working together to improve financial literacy across the gig economy, ensuring that workers have access to the resources they need for better financial planning and stability.