Maharashtra government will launch cab, auto and e-bike booking app, will the rides be cheaper?

For this scheme, the government will give loans to unemployed youth at mere 10 percent interest to purchase a vehicle. Mumbai Bank Chairman Praveen Derekar has promised that this scheme will be useful to give financial assistance to the poor youth.

Many government organizations like Annasaheb Economic Development Corporation, Vimukta Jati Corporation, OBC Corporation and MSDC will also give 11 percent interest subsidy on this loan, due to which this loan will become almost interest free.

Saranaik said that the draft of the app policy is being prepared in accordance with the aggregator guidelines of the Central Government and it is in the final stage. He also targeted private apps and said that these companies are exploiting both drivers and passengers. In comparison, the government's app will be transparent, technically capable and beneficial to both parties.

The final review meeting before the app launch will be held on August 5 at the ministry. MLA Praveen Derekar, technical experts and government officials will participate in it. After this meeting, the formalities related to the app launch will be completed.

Earlier in July, the Transport Minister had warned private ride-sharing companies that all bus, taxi and bike-taxi services running in the state will have to follow the prescribed rules. He has instructed the officials to take strict legal action against the companies that violate the rules.