PAN 2.0 Project Gets Cabinet Nod: Important Details

Suruchi Sharma

The PM-led cabinet's PAN 2.0 rollout raised queries. It is believed that existing cardholders need not reapply for a new card.

The Cabinet approved the ₹1,435 crore PAN 2.0, driving digital transformation while retaining current PANs.

Union Minister Ashwini Vaishnaw announced upgrades to the PAN system.

The inclusion of QR codes will be provided at no cost to all taxpayers.

This initiative aligns with the government's Digital India campaign.

PAN will serve as a unified business identifier across digital systems managed by government agencies.

PAN 2.0 boosts transaction efficiency and user experience.

Here are the key benefits of PAN 2.0

It will provide Streamlined Processes , Data Consistency, Eco-Friendly Operations, Enhanced Security

With 78 crore PANs issued (98% to individuals), the revamped system offers a seamless digital experience, retaining all functionalities without user action.