Quickly FASTag could also be used to purchase insurance coverage, pay challans

NEW DELHI: You could quickly be capable of use your car’s FASTag to pay site visitors challans, parking payment, insurance coverage premium and for EV charging, along with freeway tolls. With almost 11 crore FASTags issued by banks, the govt. is exploring methods to develop its use as a versatile cost software.To take this ahead and agency up the subsequent part of FASTag progress, 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 stated by way of collaboration with fintechs and different stakeholders, the govt. goals at increasing the utility of FASTag into a strong platform that may “improve consumer comfort, streamline transport and mobility providers”.Sources stated highway transport secretary V Umashankar stated whereas FASTag has largely launched manless tolling and eradicate limitations this can be utilized for different functions linked to autos, akin to paying for gas, insurance coverage premium and site visitors challan, as the govt. has enforced the ‘one car, one tag’ rule.On the prospect of permitting insurance coverage firms to subject FASTag to extend protection of insured autos from 50% to 75%-90% in three years, the secretary stated that is doable however there’s a must cleansing the ‘Vahan’ database, which has round 7.5 crore inactive autos.