NEW DELHI: You may quickly be ready to use your automobile’s FASTag to pay site visitors challans, parking payment, insurance coverage premium and for EV charging, as well as to freeway tolls. With almost 11 crore FASTags issued by banks, the government is exploring methods to develop its use as a versatile cost software.To take this ahead and agency up the subsequent part of FASTag development, the street transport and highways ministry and the NHAI on Wednesday held a brainstorming workshop with high officers from the finance ministry and fintech corporations. Road transport minister Nitin Gadkari mentioned by way of collaboration with fintechs and different stakeholders, the government goals at increasing the utility of FASTag into a sturdy platform that can “enhance user convenience, streamline transport and mobility services”.Sources mentioned street transport secretary V Umashankar mentioned whereas FASTag has largely launched manless tolling and get rid of limitations this could be used for different functions linked to automobiles, reminiscent of paying for gas, insurance coverage premium and site visitors challan, as the government has enforced the ‘one vehicle, one tag’ rule.On the prospect of permitting insurance coverage corporations to difficulty FASTag to enhance protection of insured automobiles from 50% to 75%-90% in three years, the secretary mentioned that is attainable however there’s a want to cleansing the ‘Vahan’ database, which has round 7.5 crore inactive automobiles.
