New Delhi: After launching Bharat Taxi as a cooperative-led ride-hailing platform, the Ministry of Cooperation is now preparing to expand the cooperative footprint in the insurance sector, ThePrint has learnt. However, instead of floating a new cooperative entity, the ministry plans to leverage the existing structure of IFFCO-Tokio General Insurance — a joint venture between…
Last Updated:February 26, 2026, 15:12 IST Amit Shah launches Bharat Taxi, letting cab and auto drivers become co-owners with Rs 500 investment, promising profit sharing and minimum base rate. Bharat Taxi drivers will be able to purchase shares worth Rs 500 to become co-owners. Union Cooperation Minister Amit Shah on Monday outlined how cab and…
In a major push to promote cooperative entrepreneurship and fair wealth distribution, Union Home Minister and Minister of Cooperation Amit Shah recently unveiled the Bharat Taxi cooperative model, under which, Sarathis, or drivers can invest just Rs 500 to become co-owners of the company and can also have a share in the company’s profits.Sarathi Didis,…
Operating as a prepaid, cashless platform under the Narayanihiti Trust Operating as a prepaid, cashless platform under the Narayanihiti Trust, NemBharat is expected to include cabs, auto-rickshaws, bike taxis, and possibly additional ride categories. This launch comes soon after Bharat Taxi, which offers an 80-20 revenue sharing model, but takes things further by cutting out…
Last Updated:February 25, 2026, 11:24 IST Union Minister Amit Shah has launched Bharat Taxi, a new cooperative ride-hailing service where drivers will receive 80% of the profits and can also become co-owners. The initiative aims to protect driver earnings and give them a direct share in the business.(Photo Credit: Representative Image) Union Cooperation Minister Amit…
India has launched a government-backed ride-hailing platform, Bharat Taxi, aimed at challenging market leaders Uber and Ola. Announced by Union Home and Cooperation Minister Amit Shah, the service will operate under a cooperative model, allowing drivers to become shareholders by contributing ₹500 and receive a share of profits after three years. Unlike existing platforms, Bharat…
Amit Shah, India’s Union Home Minister, met with drivers from Bharat Taxi and extended his support for the company’s new initiative. He reassured the drivers that the platform belongs to them and encouraged them to remain patient over the next three years as it progresses through its growth phase. India’s first cooperative-based ride-hailing platform, “Bharat…
Last Updated:February 24, 2026, 18:38 IST Under Bharat Taxi’s cooperative model, cab drivers will be able to become shareholders by investing Rs 500, hence becoming co-owners with a small investment Bharat Taxi drivers will be able to purchase shares worth Rs 500 to become co-owners. The Centre has unveiled a cooperative-based ride-hailing platform, Bharat Taxi,…
Shah announced that drivers on the Bharat Taxi platform will receive a minimum base fare, with 80% of earnings going to them and 20% retained as cooperative capital. Cooperation minister Amit Shah on Monday assured a minimum base fare to cab drivers enrolled on the Bharat Taxi platform, saying existing corporate aggregators operate on models…
Last Updated:February 24, 2026, 18:38 IST Under Bharat Taxi’s cooperative model, cab drivers will be able to become shareholders by investing Rs 500, hence becoming co-owners with a small investment Bharat Taxi drivers will be able to purchase shares worth Rs 500 to become co-owners. The Centre has unveiled a cooperative-based ride-hailing platform, Bharat Taxi,…