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‘Bharat Taxi’ launched: Can it compete with Ola, Uber?

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India’s first cooperative cab taxi service ‘Bharat Taxi’ was launched today by Union Home Minister Amit Shah in New Delhi.

This new taxi app will compete with giants ola, uber, rapido. But how will this app compete with them and how it’s different from them? Let’s find out.

The biggest feature of this new service is that no commission will be taken from drivers and they will be stakeholders or owners of this platform themselves.

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According to the Ministry of Cooperation, the aim of ‘Bharat Taxi’ is to free drivers from the model of private aggregator companies. The taxi trial was started on December 2 in Delhi and Rajkot in Gujarat, which has been successful.

Right now, when drivers get rides via ola app they have to pay commission to the companies. Some drivers reported that companies take commission as much as 20% – 30%.

In this new app, Drivers will get 100% earnings from every ride. They will only need to pay a daily, weekly or monthly fee, which will be very nominal.

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Amit Shah said that drivers have become owners of Bharat Taxi by investing just ₹500 in the cooperative incharge of operations of Bharat Taxi.

Each driver of the ‘Bharat Taxi’ will get ₹5 lakh worth of health insurance policy. The Bharat Taxi app has Save Our Souls (SOS) emergency button for consumers. This feature is very important in case of emergency. In emergency, users can contact their friends and family using this feature.

The government will distribute 80% profit earned from ‘Bharat Taxi’ to drivers after three years. While, the owner cooperative of ‘Bharat Taxi’ will retain only 20% of the profits.

The app will be available all over India in three years. This app-based service is part of GoI’s Digital India campaign. It will have an operating council, with Amul MD Jayen Mehta as Chairman and NCDC Deputy Managing Director Rohit Gupta as Vice Chairman.

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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