Cabinet Extends Atal Pension Yojana Till FY31, Boosts Funding Support

• The Union Cabinet, led by Prime Minister Narendra Modi, approved the continuation of the Atal Pension Yojana (APY) until the financial year 2030–31.
• Government funding support for promotional, developmental activities, and gap funding for APY has also been extended.
• The decision aims to strengthen old-age income security for millions of low-income and unorganised workers, promoting financial inclusion.
• APY, launched on May 9, 2015, provides a guaranteed minimum pension of ₹1,000 to ₹5,000 per month from age 60.
• With over 8.66 crore subscribers as of January 19, 2026, APY is a crucial part of India’s social security framework.

Why It Matters: The Cabinet extended the Atal Pension Yojana and its funding till FY31, ensuring long-term social security for unorganised workers.