City-based NTR Trust, a not-for- profit social welfare organisation, and cab aggregator Uber today signed a pact to create 20,000 new entrepreneurial opportunities in Andhra Pradesh and Telangana.
Under the Memorandum of Understanding, both will focus on providing skill training and co-create development programmes for driver partners, NTR Trust said in a statement.
NTR Trust will help source, train, screen and facilitate seed funding and bank linkages for youngsters who will go on to become micro-entrepreneurs on the Uber platform.
NTR Trust and Uber will reach out to the potential candidates through awareness programmes and mobilisation drives, it said.
Besides on completion of their training, Uber will help eligible candidates procure loans from top financial institutions through specialised vehicle financing programmes, the statement added.
“We are excited to partner with Uber to contribute to the economic development of the two Telugu-speaking states through skill training and creation of thousands of flexible and sustainable entrepreneurial opportunities for the people of Andhra Pradesh and Telangana,” T Vishnu Vardhan, CEO, NTR Trust said.