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PAN 2.0 UPSC NOTE

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  Why in news The Central government announced the ₹1,435-crore PAN 2.0 project to make the Permanent Account Number (PAN) a universal ide...

 Why in news

  • The Central government announced the ₹1,435-crore PAN 2.0 project to make the Permanent Account Number (PAN) a universal identifier for all digital systems of government agencies.

  • The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the project, which is managed by the Income Tax Department.

PAN 2.0

  • The project aims to improve taxpayer registration services with a focus on technology, ease of access, faster service delivery, and enhanced quality.

  • An upgrade of existing Permanent Account Number (PAN) with an additional feature of QR code on the cards 

  • It also seeks to ensure consistency in data, eco-friendly processes, cost optimization, and better security and infrastructure for increased efficiency.

  • The PAN 2.0 project supports the government's Digital India vision, allowing PAN to be used as a common identifier across various government digital systems.

  • The existing ones can regenerate the old PAN card to the QR code-enabled ones

  • The upgrade for existing PAN holders will be free of cost.

  • Currently, around 78 crore PANs have been issued, with 98% of them allocated to individuals.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: PAN 2.0 UPSC NOTE
PAN 2.0 UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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