Over 26 Lakh FasTags Issued
As on 3rd August 2018, 26,59,042 RFID Tags have been issued, as informed by the Minister of State for Road Transport and Highways, Shipping and Chemical & Fertilizers Mansukh Mandaviya. The Ministry of Road Transport and Highways, through National Highways Authority of India (NHAI) has launched FASTag programme to allow cashless payment of user fee for near non-stop movement of vehicles through toll plazas and as such financial concession is given to FASTag users. Government has taken a number of steps to popularise FASTags among highway users. To facilitate easy availability of FASTag, it is being made available through kiosks set up by tag-issuer banks and also through online platforms. Mobile applications such as My FASTag have also started taking requests and providing FASTag to interested road users.
For FASTag users there is provision of cashback as mentioned below:
For FY 18-19 – 5% of cashback
For FY 19-20 – 2.5% of cashback
It may be noted that as per Government notification, all new motor vehicles of categories M and N sold on or after the 1st December, 2017, are being fitted with FASTag by the manufacturers of the vehicle or its authorised dealers. All service vehicles shall be equipped with or fitted with vehicle tracking device and one or more emergency buttons. This shall not apply to two wheelers, E-rickshaw, three wheelers and any transport vehicle for which no permit is required under the Central Motor Vehicles Rules, 1989. This shall come into force after 1st April, 2019.