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, and gap-funding activities.
According to an official statement, the decision is aimed at strengthening old-age income security for workers in the unorganised and low-income sectors, while ensuring the long-term sustainability of the pension scheme.
The Union Cabinet, chaired by Hon'ble Prime Minister Shri @narendramodi, has approved the continuation of Atal Pension Yojana (APY) up to FY 2030-31 along with extension of funding support for promotional and developmental activities and gap funding.
Atal Pension Yojana ensures… pic.twitter.com/QcQZmmQLhI
— Nirmala Sitharaman Office (@nsitharamanoffc) January 21, 2026
Under the approved implementation strategy, government support for the scheme will continue until 2030–31, with funding earmarked for promotional and developmental activities aimed at expanding outreach among unorganised workers, including sustained awareness campaigns and capacity-building initiatives, as well as for gap funding to meet viability requirements and ensure the long-term financial sustainability of the scheme.
The continuation of the Atal Pension Yojana is expected to secure old-age income for millions of low-income and unorganised sector workers, deepen financial inclusion, and support India’s gradual transition towards a pensioned society, while also reinforcing the vision of Viksit Bharat @2047 by strengthening the country’s overall social security architecture.
Background
The Atal Pension Yojana was launched on 9 May 2015 with the objective of providing assured pension benefits to workers in the unorganised sector. The scheme offers a guaranteed minimum monthly pension ranging from ₹1,000 to ₹5,000, starting at the age of 60, depending on the subscriber’s contribution.
As of 19 January 2026, over 8.66 crore subscribers have enrolled under APY, making it one of the largest and most significant social security initiatives in the country. Officials noted that sustained government support remains critical for continued awareness generation, capacity building, and bridging viability gaps to ensure the scheme’s continuity.
