New Delhi, January 21: The Centre on Wednesday decided to continue the Atal Pension Yojana (APY) until the financial year 2030-31 and approved increased government support for its promotion, developmental activities, and gap funding.
This decision, taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday, will ensure regular income security for millions of unorganized sector workers in their old age.
According to the Cabinet decision, the scheme will be continued until 2030-31. Under this scheme, the government will provide support for promotional and developmental activities such as public awareness and capacity building to expand the scheme’s reach to unorganized sector workers. The necessary gap funding will also be provided to ensure the scheme’s financial sustainability.
The expansion of this scheme will provide financial security to low-income and unorganized sector workers in their old age. This will promote financial inclusion and help move the country towards a pension-based society. This decision will strengthen a robust and sustainable social security framework, in line with the vision of a developed India 2047.
The Atal Pension Yojana (APY) was launched on May 9, 2015, with the aim of providing income security to unorganized sector workers in their old age. The plan provides for a guaranteed monthly pension of โน1,000 to โน5,000 after the age of 60, based on contributions.
As of January 19, 2026, the plan has enrolled over 86.6 million subscribers, making it a vital link in the country’s inclusive social security system. Expanding government support is considered essential for the scheme’s continued success and long-term sustainability.