Cabinet Approves PAN 2.0 Initiative: No Need to Apply for a New PAN Card
Cabinet Approves PAN 2.0 Initiative: No Need to Apply for a New PAN Card
Union Minister Ashwini Vaishnaw announced on Monday that the Cabinet, under Prime Minister Narendra Modi’s leadership, has approved the PAN 2.0 project. This Rs 1,435 crore initiative marks a significant step toward digitizing the Permanent Account Number (PAN) system as part of the government’s Digital India vision.
Contrary to public speculation, citizens will not need to reapply for a new PAN card under the new system. Existing PAN cards will remain valid as the initiative focuses on enhancing the current infrastructure.
Key Features of PAN 2.0
The project introduces several upgrades aimed at improving efficiency, security, and user experience:
Streamlined Processes: Faster taxpayer registration and simplified services for quicker processing.
Data Consistency: A single source of truth for integrated information across various government systems.
Eco-Friendly Operations: Adoption of paperless systems with cost-optimized infrastructure.
Enhanced Security: Strengthened digital infrastructure for better protection and agility.
A significant update includes the addition of a QR code to PAN cards, provided free of cost to taxpayers. The PAN will also serve as a “common business identifier” across government-managed digital systems, streamlining operations further.
Impact on Taxpayers
With nearly 78 crore PANs issued—98% of which are held by individuals—the initiative promises a smoother, more efficient digital experience. Existing PAN holders need not take any action as the upgrades are implemented.
The project will unify core and non-core PAN/TAN activities into a single ecosystem, ensuring better validation services and a seamless transition without disrupting the current system’s functionalities.
This overhaul reflects the government’s commitment to modernizing tax administration and simplifying compliance processes for citizens and businesses alike.
