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Government announces ₹1,435 crore PAN 2.0 Project

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Government announces ₹1,435 crore PAN 2.0 Project

The government has launched the ₹1,435 crore PAN 2.0 Project to modernize taxpayer registration services and use the Permanent Account Number (PAN) as a common business identifier across specified government agencies. Approved by the Cabinet Committee on Economic Affairs, this initiative aligns with the Digital India vision, emphasizing data consistency, eco-friendly processes, and cost optimization. It integrates and upgrades the existing PAN/TAN ecosystem for enhanced digital services, offering faster and more accessible taxpayer experiences. The project includes advanced PAN validation services, consolidating core and non-core functionalities. Currently, India has issued 78 crore PANs, with 98% belonging to individuals. This e-governance effort aims to improve efficiency, security, and infrastructure agility.

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