Cabinet Approves Continuation of Atal Pension Yojana till 2030–31

The Union Cabinet has approved the continuation of the Atal Pension Yojana (APY) up to FY 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding.

About Atal Pension Yojana

The Atal Pension Yojana was launched on 9 May 2015 with the objective of providing old-age income security, particularly to workers in the unorganised sector who often lack formal pension coverage.

Key Features of APY

• Offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month
• Pension starts at the age of 60 years
• Pension amount depends on the contribution made by the subscriber during the working years
• Operates as a defined benefit pension scheme

Coverage and Progress

As of 19 January 2026, APY has enrolled over 8.66 crore subscribers, reflecting its wide acceptance and impact across the country.