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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana (APY) till the end of the 2030-31 financial year, along with the extension of government funding support for promotional, developmental, and gap-funding activities.
The decision aims to expand coverage among unorganised sector workers and ensure the long-term sustainability of the pension scheme, which provides guaranteed monthly income support in old age.
Under the approved plan, the government will continue to fund awareness campaigns, capacity-building initiatives, and other developmental activities to improve outreach, particularly among low-income and informal workers. It will also provide gap funding to meet viability requirements of the scheme.
The government said the move would help strengthen old-age income security for millions of workers, deepen financial inclusion, and support India’s transition towards a pensioned society in line with the Viksit Bharat @2047 vision.
Launched on May 9, 2015, the Atal Pension Yojana was designed to provide social security to workers in the unorganised sector. The scheme offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month after the age of 60, depending on the subscriber’s contribution.
As of January 19, 2026, APY has enrolled over 8.66 crore subscribers, making it one of the largest pension schemes in the country and a key pillar of India’s inclusive social security framework.
The government said sustained support was necessary to maintain awareness, build institutional capacity, and bridge funding gaps, ensuring the scheme remains viable and continues to protect vulnerable sections of society.
The decision aims to expand coverage among unorganised sector workers and ensure the long-term sustainability of the pension scheme, which provides guaranteed monthly income support in old age.
Under the approved plan, the government will continue to fund awareness campaigns, capacity-building initiatives, and other developmental activities to improve outreach, particularly among low-income and informal workers. It will also provide gap funding to meet viability requirements of the scheme.
The government said the move would help strengthen old-age income security for millions of workers, deepen financial inclusion, and support India’s transition towards a pensioned society in line with the Viksit Bharat @2047 vision.
Launched on May 9, 2015, the Atal Pension Yojana was designed to provide social security to workers in the unorganised sector. The scheme offers a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month after the age of 60, depending on the subscriber’s contribution.
As of January 19, 2026, APY has enrolled over 8.66 crore subscribers, making it one of the largest pension schemes in the country and a key pillar of India’s inclusive social security framework.
The government said sustained support was necessary to maintain awareness, build institutional capacity, and bridge funding gaps, ensuring the scheme remains viable and continues to protect vulnerable sections of society.
