Quickly FASTag could also be used to purchase insurance coverage, pay challans – Instances of India


NEW DELHI: It’s possible you’ll quickly have the ability to use your car’s FASTag to pay visitors challans, parking charge, insurance coverage premium and for EV charging, along with freeway tolls. With practically 11 crore FASTags issued by banks, the government is exploring methods to broaden its use as a versatile cost device.To take this ahead and agency up the following part of FASTag development, the highway transport and highways ministry and the NHAI on Wednesday held a brainstorming workshop with prime officers from the finance ministry and fintech corporations. Street transport minister Nitin Gadkari mentioned by means of collaboration with fintechs and different stakeholders, the government goals at increasing the utility of FASTag into a strong platform that may “improve person comfort, streamline transport and mobility providers”.Sources mentioned highway transport secretary V Umashankar mentioned whereas FASTag has largely launched manless tolling and eradicate limitations this can be utilized for different functions linked to autos, corresponding to paying for gasoline, insurance coverage premium and visitors challan, as the government has enforced the ‘one car, one tag’ rule.On the prospect of permitting insurance coverage corporations to challenge FASTag to extend protection of insured autos from 50% to 75%-90% in three years, the secretary mentioned that is potential however there’s a must cleansing the ‘Vahan’ database, which has round 7.5 crore inactive autos.