Cabinet Extends Atal Pension Yojana to 2030-31, Approves Funding Support

• Union Cabinet, led by PM Modi, approved the continuation of Atal Pension Yojana (APY) until the financial year 2030-31.
• The decision includes ongoing promotion, development, and financial assistance for the scheme.
• Government will conduct awareness campaigns, capacity building, and training programs to expand APY's reach among unorganized sector workers.
• Gap funding will be provided to cover any financial shortfalls in running the scheme.
• APY, launched on May 9, 2015, provides a guaranteed monthly pension of 1,000 to 5,000 rupees after age 60, with over 8.66 crore subscribers as of January 19, 2026.

Why It Matters: Atal Pension Yojana extended to 2030-31 with funding, boosting social security for unorganized workers.