Modi Government Extends Atal Pension Yojana Till FY 2031, Boosts Social Security

• The Central Government has approved the continuation of the Atal Pension Yojana (APY) until the financial year 2030-31, aiming to provide regular income security to unorganized sector workers.
• The decision includes continued promotion, development, and financial assistance for the scheme, with gap funding to ensure its long-term sustainability.
• APY, launched on May 9, 2015, guarantees a monthly pension of ₹1,000 to ₹5,000 after age 60, depending on contributions.
• As of January 19, 2026, over 8.66 crore people have joined APY, highlighting its growing public trust and role in India's social security system.
• Eligibility requires Indian citizenship, age 18-40, a savings account, and not being an income taxpayer from October 1, 2022.

Why It Matters: Modi government extends APY till FY 2031, ensuring continued pension security for millions in the unorganized sector.