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Cabinet Extends Atal Pension Yojana and Support Till 2030–31

2026-01-23

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.

Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen implementation. In addition, gap funding will be provided to meet viability requirements and maintain the financial sustainability of the scheme over the extended period.

The decision is expected to significantly strengthen old-age income security for millions of workers in the unorganised sector, who often lack access to formal pension and social security systems. By encouraging long-term savings and providing assured pension benefits, the scheme supports financial inclusion and contributes to India’s transition towards a pensioned society, in line with the vision of Viksit Bharat @2047.

Launched on May 9, 2015, the Atal Pension Yojana was designed to provide a safety net for workers in the unorganised sector by offering a guaranteed minimum monthly pension ranging from Rs 1,000 to Rs 5,000, starting at the age of 60, depending on the subscriber’s contribution and age of entry. The scheme has since emerged as a key pillar of India’s inclusive social security framework.

As of January 19, 2026, more than 8.66 crore subscribers have been enrolled under APY, reflecting its wide acceptance and growing relevance among low-income households. The extension of the scheme and continued government support are aimed at sustaining this momentum by ensuring ongoing awareness, strengthening institutional capacity and bridging financial gaps.

With the Cabinet’s approval, APY is set to remain a central instrument for providing dignified and reliable old-age income support to millions of citizens over the next decade.

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