Indian Economy News

BlackBuck partners with IDFC Bank, Yes Bank to offer free FASTags to truckers

  • IBEF
  • November 29, 2019

BlackBuck, an online trucking platform has entered in partnership with private lenders IDFC Bank and Yes Bank and will offer FASTags to truck owners free of cost.

The truck owners can order FASTags on BlackBuck's Boss App, which is a digital service platform available especially for truck fleet owners, and get it delivered at their doorstep free of cost until December 31, 2019, said the company’s statement.

"BlackBuck offers free FASTags to truck owners across India. The FASTags on BlackBuck Boss app are provided in partnership with IDFC Bank and Yes Bank. The initiative is expected to help over 3 million trucks in India become FASTag compliant," it added.

Mr. Rajesh Yabaji, co-founder BlackBuck, said, the government's determination to make FASTag compulsory is a major push towards making digital trucking economy a reality.

The company is looking further to provide support to the government's national electronic tolling agenda, that will decrease tolling times and revolutionise the logistics sector in India, he said.

All the lanes of free plazas on national highways will be FASTag lanes starting from December 1, 2019.

The National Electronic Toll Collection (NETC) programme, IS the flagship initiative of the Ministry of Road Transport and Highways, that is been implemented on a pan-India basis in order to eliminate bottlenecks and make sure that seamless movement of traffic and collection of user fee as per the notified rates, using passive radio frequency identification (RFID) technology is done.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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