New Delhi, March 27 -- The Union government has announced to launch new cooperative-based taxi service called "Sahkar Taxi" that will provide bike, cab, and auto services, to compete with popular ride-hailing platforms like Ola, Uber, and Rapido.

The move is aimed at providing an alternative transport service where drivers can earn directly without sharing profits with large corporations.

"Sahkar Taxi will register two-wheeler taxis, auto-rickshaws, and four-wheeler taxis across the country," Union Home Minister and Minister of Cooperation Amit Shah said, while announcing the initiative in Parliament.

Shah said that Prime Minister Narendra Modi's 'Sahkar se Samriddhi' is not just a slogan, the Ministry of Cooperation has worked day and...