NHAI invokes One vehicle One FASTag policy from 1 April

by Psu Connect
Date: 03-04-24

NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, given the problems being faced by Paytm FASTag users.

NHAI invokes One vehicle One FASTag policy from 1 April

From 1 April 2024, the National Highways Authority of India's 'One Vehicle, One FASTag' norm is effective. It aims to discourage the use of a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.

NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, given the problems being faced by Paytm FASTag users.

The basic principle of One Vehicle One FASTags is that each vehicle is associated with a single active FASTag. The directive comes subsequently to RBI's stringent action against Paytm Payment Bank which was not included in the list of NHAI FASTag issuing list. This will mitigate the instances of non-adherence to RBI's KYC norms and multiple FASTags issuance of vehicles.

The National Highways Authority of India (NHAI) has launched the 'One Vehicle, One FASTag' initiative to improve the efficiency of electronic toll collection and streamline traffic flow at toll plazas. The initiative aims to discourage the use of a single FASTag for multiple vehicles or linking multiple FASTags to a single vehicle.

In addition, NHAI has set a new record in capital expenditure by spending Rs 2,07,000 crore on the construction of national highways in 2023-24. This amount represents a 20% increase from the previous year's expenditure of Rs 1,73,000 crore and a similar amount of Rs 1,72,000 crore in 2021-22.

The construction of highways reached 6,644 km, a 53% increase from the previous year. NHAI's monetization receipts reached Rs 40,314 crore in FY 2023-24, 70% higher than the previous year.