The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana (APY) till the financial year 2030-31, along with the extension of government funding support for promotional and developmental activities as well as gap funding. The decision aims to strengthen the scheme’s sustainability while expanding its outreach among workers in the unorganised sector.
Under the approved framework, government support will continue for awareness generation, capacity building and other promotional activities to widen coverage, in addition to providing gap funding to meet viability requirements. The move is expected to ensure old-age income security for millions of low-income workers, deepen financial inclusion and contribute to India’s transition towards a pensioned society in line with the Viksit Bharat @2047 vision.
Launched on May 9, 2015, the APY provides a guaranteed minimum pension ranging from Rs 1,000 to Rs 5,000 per month from the age of 60, depending on the subscriber’s contribution. As of January 19, 2026, the scheme has enrolled over 8.66 crore subscribers, emerging as a key pillar of India’s social security framework.
According to the government, continued support is essential to sustain momentum, improve awareness, and bridge funding gaps to ensure the long-term viability of the scheme.
