The Entrepreneurial and Cooperatives Development Ministry is proposing that individual taxi driver licenses be issued to help taxi drivers earn more.
Taxi drivers currently have to work for companies who hold these taxi licenses. These individual licenses would have terms and conditions set which have to met such as maintenance and services schedules. Drivers also have to be part of an association or cooperative.
Once an individual license is obtained, the driver can then buy his own taxi via a loan from the Transport Development Fund. There is currently an allocation of RM60 million for taxi loans, but the MInistry is seeking for this to be increased to RM100 million.
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