17 June 2016 Current Affairs: Tech-based car hailing company Uber has entered into an agreement with Tata group to help its drivers own Indica and Indigo cars with less hassle. While Tata Capital Financial Services and Tata Motors Finance will offer loans at competitive interest rates, ‘affordable’ insurance would be offered by Tata AIG as a package.
Started off in Hyderabad, the scheme will be rolled out in other cities where Uber runs its services.
Over the next one year, the initiative endeavours to fuel micro-entrepreneurship across India by enabling over 20,000 drivers to start their own business on the Uber platform.
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