Emerald Finance And Shreeja Diamond Launch Early-Wage Access Program For Workers

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Emerald Finance Ltd has partnered with Shreeja Diamond & Jewellery Manufacturing LLP to roll out an Early-Wage Access program for employees. The initiative allows workers to access earned wages before payday, offering financial flexibility and reducing dependency on high-interest loans. It aligns with Emerald’s push into inclusive fintech solutions

Empowering workers with financial flexibility

Emerald Finance Ltd has announced a strategic partnership with Mumbai-based Shreeja Diamond & Jewellery Manufacturing LLP to introduce an Early-Wage Access program for its workforce. The initiative enables employees to withdraw a portion of their earned salary before the official payday, offering immediate financial relief and promoting responsible money management.

This move is part of Emerald Finance’s broader mission to expand its fintech offerings and serve underserved segments of the workforce. The program is designed to reduce reliance on payday loans and informal borrowing, which often come with high interest rates and financial stress.

How the program works

The Early-Wage Access model allows employees to request short-term salary advances, which are repaid through automatic deductions from their monthly pay. The process is fully digital, secure, and integrated into Emerald’s salary advance platform. Employees can access funds seamlessly through mobile or web interfaces, with real-time tracking and support.

Shreeja Diamond, known for its large workforce in jewelry manufacturing, sees this partnership as a way to boost employee morale and retention. By offering financial flexibility, the company aims to create a more supportive and productive work environment.

Key highlights of the partnership

- Emerald Finance partners with Shreeja Diamond to launch Early-Wage Access program
- Employees can access earned wages before payday via digital platform
- Advances repaid through salary deductions, ensuring secure transactions
- Initiative targets financial inclusion and reduces reliance on payday loans
- Shreeja Diamond aims to improve employee satisfaction and retention
- Emerald Finance expands its fintech portfolio with salary-linked lending
- Program aligns with SEBI and RBI norms for financial wellness tools
- Real-time access and tracking available through mobile and web apps

Looking ahead

The partnership marks a significant step in integrating fintech with workforce welfare. As Emerald Finance continues to scale its Early-Wage Access model, more companies may adopt similar solutions to support employee financial health and improve workplace productivity.

Sources: Business Upturn, ScanX News, Emerald Finance Official Website