In an attempt to increase the toll collection at the highways, the government of India along with the National Highways Authority of India (NHAI) has decided that they will not charge a single paisa for issuance of FASTag. This was announced on Wednesday.
Recently, the government of India implemented a nationwide blanket of Fastag based toll collection system on over 520 national highways.
In a statement, the Ministry of Road Transport and Highways (MoRTH) said: “In order to further increase digital collection of user fee via FASTag at NH fee plazas, the National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs 100 for NHAI FASTag between February 15 and 29, 2020”.
The statement also said that a user can visit any authorised PoS (Point of Sale) location with the required documents like Registration Certificate (RC) of the vehicle, Drivers License (DL), KYC of the owner, and others and can get the NHAI FASTag at zero cost.
The NHAI FASTag can also be procured from all of the National Highway Toll Plazas, Transport Hubs, Regional Passport Office, Fuel Stations, Common Service Centers among various other locations, the statement said.
The statement also said that in order “to search for the nearest NHAI FASTag point-of-sale locations, one may download MyFASTag App, or visit www.ihmcl.com or Call 1033 NH helpline number”.
Apart from the initial fee, nothing else will be changed, which means that security deposit requirement, the minimum balance requirement for the FASTag wallet will remain the same.
Even last year NHAI offered its FASTag for free. That time the period was from the 22nd of November to the 15th of December. For a period of 24 days.
In January 2020, Nitin Gadkari, Minister, Road Transport and Highways, said that since the implementation of FASTag system on the National Highways, the revenue generation has surged by Rs. 19 crores, reaching Rs. 87 crore from Rs. 68 crore. And this figure for per day revenue.
NHAI expects that once this electronic Toll Fee payment system is fully implemented, its daily income will touch Rs. 100 crore.