Tue Nov 26 13:03:07 UTC 2024: ## India Launches PAN 2.0 Project: A Digital Upgrade for Taxpayers

**New Delhi, [Date]** – The Indian government announced a significant upgrade to its Permanent Account Number (PAN) system with the approval of the PAN 2.0 project. The project, costing ₹1435 crore (approximately $173 million USD), aims to modernize the PAN card infrastructure, providing taxpayers with a more efficient and secure digital experience. Union Minister Ashwini Vaishnaw confirmed the cabinet’s approval.

PAN 2.0 will be an upgraded version of the existing system, featuring a QR code and eliminating the need for any physical application or visit to an office. The new PAN cards will be generated online free of charge. The project focuses on streamlining tax registration and service delivery, ensuring data consistency, and adopting an eco-friendly online process. Enhanced digital infrastructure will also bolster security.

The government assures that existing PAN cards will remain valid. Approximately 98% of the 78 crore (780 million) PAN cards already issued will benefit from the improved digital experience without requiring any action from cardholders. The upgrade focuses on improving efficiency, security, and environmental sustainability of the PAN system.

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