Cabinet Extends Atal Pension Yojana Till 2030-31, Pledges Promo Funds & Gap Cover

The Union Cabinet, led by Prime Minister Narendra Modi, has approved the extension of the Atal Pension Yojana (APY) until the financial year 2030-31.  

This decision includes continued government support for promotional and developmental activities as well as gap funding to ensure the scheme's sustainability. 

Government Support for Atal Pension Yojana 

The Atal Pension Yojana will receive government backing for promotional and developmental activities aimed at increasing its reach among unorganised workers.  

This includes efforts in awareness and capacity building. Additionally, gap funding will be provided to meet viability requirements and ensure the scheme's sustainability. 

Impact on Financial Inclusion 

The continuation of APY is expected to secure old-age income for millions of low-income and unorganised sector workers. By enhancing financial inclusion, it supports India's transition to a pensioned society and aligns with the vision of Viksit Bharat @2047 by offering sustainable social security. 

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Background of Atal Pension Yojana 

Launched on May 9, 2015, the Atal Pension Yojana aims to provide old-age income security to workers in the unorganised sector. The scheme offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month, starting at age 60, based on contributions. 

Progress and Need for Extension 

As of January 19, 2026, over 8.66 crore subscribers have enrolled in the APY, making it a key component of India's inclusive social security framework.  

The extension is necessary to maintain awareness, build capacity, and bridge viability gaps to ensure the scheme's continued success. 

Conclusion 

The extension of the Atal Pension Yojana with government support until 2030-31 underscores its importance in providing financial security to unorganised sector workers. This decision is crucial for enhancing financial inclusion and supporting India's transition to a pensioned society. 

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