SchemesTuesday, 7 July 2026·Hindu Tamil Thisai
Amit Shah announces cooperative life insurance company after Bharat Taxi model
On the 5th anniversary of the Ministry of Cooperation, Amit Shah said the Centre will soon launch a cooperative life insurance company and a cooperative utility organisation.
Key highlights
Direct fact
In July 2026, at the 5th anniversary event of the Ministry of Cooperation in New Delhi, Union Minister Amit Shah said the Centre would soon launch a cooperative life insurance company on the Bharat Taxi model.
Key specifics
- Bharat Taxi was launched on February 5 by Union Home Minister Amit Shah as India’s first cooperative-based taxi service.
- The Centre plans to start a cooperative life insurance company and a cooperative utility organisation.
- Amit Shah cited the success of the IFFCO-Tokio insurance model as the basis for the new cooperative insurance plan.
- He said the Ministry of Cooperation was created in 2021 and had completed 5 years.
- He noted cooperative share in agriculture credit is about 20%, fertiliser distribution 35%, sugar production 21%, and milk production 35%.
Exam lens
Question type: Government schemes and cooperative institutions, Bharat Taxi, Ministry of Cooperation, 2021, 20%-35% sector shares; TNPSC may ask which ministry was created in 2021 and what cooperative sectors contribute significantly.