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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday (January 21) approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with an extension of government funding support for promotional, developmental activities and gap funding.
Under the decision, the government will continue to support awareness initiatives, outreach and capacity-building efforts aimed at expanding the scheme’s coverage among unorganised sector workers. The Cabinet also cleared continued gap funding to meet viability requirements and ensure the long-term sustainability of the pension scheme.
The move is expected to strengthen old-age income security for millions of low-income and unorganised workers, while furthering financial inclusion. The government said the continuation aligns with the broader vision of building a pensioned society and contributes to the goals of Viksit Bharat @2047 through sustainable social security mechanisms.
Launched on May 9, 2015, the Atal Pension Yojana seeks to provide assured income support in old age to workers in the unorganised sector. The scheme offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month, starting at the age of 60, depending on the subscriber’s contribution.
As of January 19, 2026, more than 8.66 crore subscribers have enrolled under APY, making it one of the key pillars of India’s inclusive social security framework. The government noted that continued support is necessary to maintain awareness, strengthen institutional capacity and bridge viability gaps, ensuring the scheme remains sustainable over the long term.
Under the decision, the government will continue to support awareness initiatives, outreach and capacity-building efforts aimed at expanding the scheme’s coverage among unorganised sector workers. The Cabinet also cleared continued gap funding to meet viability requirements and ensure the long-term sustainability of the pension scheme.
The move is expected to strengthen old-age income security for millions of low-income and unorganised workers, while furthering financial inclusion. The government said the continuation aligns with the broader vision of building a pensioned society and contributes to the goals of Viksit Bharat @2047 through sustainable social security mechanisms.
Launched on May 9, 2015, the Atal Pension Yojana seeks to provide assured income support in old age to workers in the unorganised sector. The scheme offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month, starting at the age of 60, depending on the subscriber’s contribution.
As of January 19, 2026, more than 8.66 crore subscribers have enrolled under APY, making it one of the key pillars of India’s inclusive social security framework. The government noted that continued support is necessary to maintain awareness, strengthen institutional capacity and bridge viability gaps, ensuring the scheme remains sustainable over the long term.
