Whether applying for a loan opening a bank account, buying a flat or property. A PAN card is one of the essential documents. The government has made a big change in this PAN card. The PAN 2.0 project was approved in the Modi cabinet meeting on Monday. Union Minister Ashwini Vaishnav said that the government will spend Rs 1435 crore for this. The new PAN card will be much more advanced than the current PAN card. The 10-digit PAN card is a document that is issued by the Income Tax Department. By making it more advanced, the government wants to make it more secure. Its motive is to reinforce virtual protection and decrease the opportunity of fraud and statistics theft.
New PAN card project PAN 2.0
The new PAN card will be very different from the old one. The new PAN cards will have QR codes. For this, paper lane i.e. online process will be adopted. The most important thing is that people will not have to spend money separately for this, people will not need to spend separately for PAN with QR code. The data will be completely safe in the new PAN card with scanner. People will not need to spend separately for PAN with QR code.
How different will the new PAN card 2.0 be
The Union Cabinet has approved the new PAN card, the government has approved the PAN 2.0 project. The aim of this project is to make the PAN card more secure and the Permanent Account Number (PAN) of taxpayers a ‘common business identifier’ for all government agencies. Along with this, the aim is to make the PAN card better quality as well as its service easier and faster. The new PAN card will be quite different from the old PAN card. In the new PAN card i.e. PAN 2.0, the card will be issued with a QR code.
