In a first-of-its-kind initiative, Zomato has teamed up with HDFC Pension to help its delivery partners plan for their financial future. Announced on October 1 by Finance Minister Nirmala Sitharaman, this new pension scheme is designed especially for gig workers who often don’t have access to formal retirement plans.
Called the “NPS Platform Workers Model,” the scheme connects delivery riders to India’s National Pension System, allowing them to save regularly and build a safety net for retirement. What makes it stand out is its simplicity — onboarding is completely digital, using existing KYC details, and delivery partners can make small, flexible contributions at their convenience.
Zomato says over 30,000 delivery partners have already signed up, with their Permanent Retirement Account Numbers issued within just 72 hours. The company aims to bring more than 100,000 workers under this scheme by the end of 2025, giving many in the gig economy a chance at long-term financial security.
The portability of the plan means workers can carry their pension savings even if they change jobs or platforms, which is a crucial feature for gig workers who often move around.
HDFC Pension’s CEO, Sriram Iyer, called it a step towards giving many excluded workers access to formal retirement benefits. Zomato’s CEO, Aditya Mangla, said the partnership shows the company’s commitment to supporting those powering India’s gig economy.
With millions expected to join the platform workforce in the coming years, this initiative could be a game-changer for many delivery partners wishing for a secure tomorrow.
