Govt to form cooperative life insurance company: Amit Shah

NEW DELHI: Union cooperation minister Amit Shah Monday announced a "cooperative life insurance company" will be formed and said the govt is also going to develop 'utility aggregator cooperative' in the coming days on the lines of 'Bharat Taxi' - India's first cooperative-led ride-hailing platform, reports Vishwa Mohan.A utility aggregator is a platform that brings together multiple utility services and offers them through a single interface. Currently, Bharat Taxi has nearly 6 lakh registered drivers and more than 36 lakh registered customers, and the service is operational in Delhi-NCR, Lucknow, Chandigarh, Mumbai, Jaipur, Kanpur, Ahmedabad, Rajkot, Somnath and Dwarka.Bharat Taxi, which operates on a zero-commission model with direct distribution of profits to drivers, will soon be launched in Ranchi, Patna, Guwahati, Bhopal, Kolkata, Indore and Nagpur in the next few months.India has more than 8 lakh cooperatives. Over 32 crore people are associated with these cooperatives as members.