Cabinet Approves Atal Pension Yojana till 2030-31

On 21st January 2026, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Atal Pension Yojana (APY) till FY 2030–31, along with the extension of government funding support for promotional, developmental, and gap-funding activities.

Key Points

Objective of the Decision: The approval aims to strengthen the long-term sustainability of APY while expanding its outreach among workers in the unorganised sector.
Government Funding Support: The Centre will continue funding for awareness generation, capacity building, and promotional activities, along with gap funding to meet the scheme’s viability requirements.
Social Security Impact: The move is expected to ensure old-age income security for low-income workers, deepen financial inclusion, and support India’s transition towards a pensioned society.
Alignment with National Vision: The continuation aligns with the Viksit Bharat @2047 vision of inclusive and sustainable social security.
About Atal Pension Yojana: Launched on 9th May 2015, APY provides a guaranteed minimum pension of ₹1,000 to ₹5,000 per month from the age of 60, based on the subscriber’s contribution.
Subscriber Base: As of 19th January 2026, the scheme has enrolled over 8.66 crore subscribers, making it a key pillar of India’s social security architecture.
Need for Continued Support: The government noted that sustained support is crucial to maintain momentum, enhance awareness, and bridge funding gaps to ensure the long-term viability of the scheme.