Union Cabinet Approves Continuation of Atal Pension Yojana (APY) Up to FY 2030-31

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the continuation of the Atal Pension Yojana (APY) until the financial year 2030-31. The approval also includes continued funding support for promotional and developmental activities, as well as gap funding to ensure the scheme’s sustainability.

Implementation Strategy

The scheme will continue until 2030-31 with focused government support in the following areas:

• Promotional and Developmental Activities: Efforts to expand outreach among unorganised sector workers, including awareness campaigns and capacity-building initiatives.
• Gap Funding: Financial support to maintain the scheme’s viability and long-term sustainability.

What will be the Key Impact?

• Old-Age Income Security: Provides a reliable pension to millions of low-income and unorganised sector workers.
• Financial Inclusion: Strengthens India’s journey toward a fully pensioned society.
• Supporting “Viksit Bharat @2047”: Contributes to building a sustainable social security framework for a developed India.

Background

Launched on May 9, 2015, APY was designed to offer financial security to workers in the unorganised sector. The scheme provides a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month starting at age 60, depending on the subscriber’s contributions. 

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Since its inception, the scheme has achieved remarkable success, with over 8.66 crore subscribers enrolled as of January 19, 2026, establishing APY as a cornerstone of India’s inclusive social security framework. The decision to extend the scheme reflects the need for sustained government support to continue awareness campaigns, capacity-building initiatives, and gap funding efforts.

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