My 2 cents,
If you look at it, the pan-issuance on an average is around 6-7 crores new pan-issuances every year over the last few years, pan not being a statutory identity because you don’t generally get a PAN card when a child is born unlike Aadhaar. Today, there is a huge population out there, maybe over 50 crore people in the country who don’t have a PAN card.
So, as people come into either their first employment or they are opening their first bank account, the PAN card becomes a relevant document for issuance. This is what we have consistently seen over the years. As I mentioned earlier, while at times there have been certain initiatives or deadlines like Aadhaar-PAN linkage or some other DBT cases happening where number of PAN cards have spiked, but around 7-8 crore is what we are seeing as a growth factor for PAN card issuance year-on-year.
Today we have almost 2,80,000 plus sellers who are there and this is the ecosystem that has got created. Similarly the number of transactions on ONDC are growing significantly. These are the various cases where we are seeing that ONDC adoption and penetration is growing in the country.
Atal Pension Yojna Protean has 100% market share. And of the total accounts new accounts opened under the Atal Pension Yojna was around 1 crores accounts in FY23 now growing to 1.2 crores accounts in FY24. So there is definitely close to a 20% growth over there. The second is in terms of the NPS accounts, so there also we have seen almost a similar growth in terms of maybe around 15 lakh new subscribers who have come. And if we look at the overall end of period accounts, the overall accounts have grown to around 7.2 crores total accounts.
Disc: Invested
| Subscribe To Our Free Newsletter |
