In a major step to strengthen social security, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the continuation of the Atal Pension Yojana up to the financial year 2030–31. The Cabinet has also cleared the extension of government funding support for promotional, developmental activities and gap funding under the scheme.
With this decision, APY will continue to receive government support to expand its reach among workers in the unorganised sector. The funding will be used for awareness campaigns, capacity building, and other developmental activities so that more people understand and join the scheme. Gap funding will also be provided to ensure the long-term financial stability and smooth functioning of the pension programme.
The move is expected to bring long-term benefits to millions of low-income workers who do not have access to formal pension systems. By ensuring a regular monthly income after the age of 60, the scheme provides financial security in old age and helps people live with dignity. It also supports India’s broader goal of financial inclusion and building a pensioned society.
Atal Pension Yojana was launched on 9 May 2015 with the aim of providing old-age income security to workers in the unorganised sector. Under the scheme, subscribers receive a guaranteed monthly pension ranging from ₹1,000 to ₹5,000, depending on their contribution, once they reach the age of 60.
The scheme has seen strong participation over the years. As of 19 January 2026, more than 8.66 crore people have enrolled under APY, making it one of the most successful social security schemes in the country. The government said continued support is necessary to maintain awareness, strengthen implementation, and bridge financial gaps so the scheme remains sustainable in the long run.
Overall, the Cabinet’s approval reinforces the government’s commitment to social security and supports the vision of Viksit Bharat @2047 by ensuring income protection for workers who need it the most.
