Modi Government / Big update on PAN card, government will spend Rs 1,435 crore

Modi Government: The Modi government on Monday announced the Rs 1,435 crore PAN 2.0 project. The project aims to make the Permanent Account Number (PAN) a common business identifier for all digital systems of government agencies. This initiative is an important step towards accelerating India's Digital India campaign and simplifying business processes.

The project was approved in a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. It is an e-governance project prepared by the Income Tax Department, which will work towards making services better, faster and accessible for taxpayers.

PAN 2.0 Project: What is special?

The main objective of the PAN 2.0 project is to upgrade technology-based services for taxpayers.

Digital Identifier: This project will enable PAN to be used as a common identifier in the digital systems of government agencies.

Business Process Improvement: The processes of PAN / TAN services and taxpayer registration will be redesigned, making the services more fast and accurate.

Technological integration: Upgrading the existing PAN/TAN 1.0 framework, this new system will also integrate the PAN verification service.

Currently, 78 crore PANs have been issued in the country, out of which 98% PANs are at the individual level. This project will help in making these figures more effective.

Big step towards Digital India

Under this project, PAN will be made widely useful. According to Information and Broadcasting Minister Ashwini Vaishnav, PAN 2.0 will enable "technology driven transformation in taxpayer registration service". This initiative is in line with the vision of Digital India, which aims to provide quick and quality services to citizens and merchants.

Other important announcements

Apart from this, the Union Cabinet has also approved the continuation of Atal Innovation Mission (AIM) till March 31, 2028.

Budget: A budget of Rs 2,750 crore has been allocated for AIM 2.0.

Expanded scope: AIM 2.0 will further strengthen the existing achievements of Atal Tinkering Labs and Atal Incubation Centers.

Change in approach: The second phase of AIM is set to take the innovation and entrepreneurship ecosystem to new heights. It will include new initiatives in coordination with the central-state governments, industry, academia and the community.

What will change?

Projects like PAN 2.0 and AIM 2.0 will help India make a digital and innovation-based economy.

Ease of doing business: PAN 2.0 will bring uniformity in the digital systems of all government agencies.

Promoting startups and innovation: AIM 2.0 will bring significant improvements in the startup and innovation sector of the country.

Improving digital experience: PAN 2.0 will provide a better digital experience to taxpayers, increasing transparency and speed in processes.

Conclusion

Projects like PAN 2.0 and Atal Innovation Mission 2.0 will not only work towards making India a digital superpower but will also make services more accessible, faster and transparent for the citizens and merchants of the country. This is an important effort to realize the digital and innovation-based vision of the government.