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Atal Pension Yojana Extended to 2030-31, Boosting Old-Age Security for Crores

The Union Cabinet has approved the continuation of the Atal Pension Yojana until the financial year 2030-31. The extension includes government funding for promotional activities and gap funding to ensure the scheme's sustainability and expand its reach. The scheme, launched in 2015, provides a guaranteed monthly pension ranging from Rs 1,000 to Rs 5,000 for workers in the unorganised sector upon reaching age 60. With over 8.66 crore subscribers already enrolled, it is a key pillar of India's social security framework.

Key Points: Atal Pension Yojana Extended Till 2030-31 by Cabinet

  • Scheme extended to financial year 2030-31
  • Ensures old-age income for unorganised workers
  • Over 8.66 crore subscribers enrolled
  • Offers guaranteed pension of ₹1,000-5,000/month
2 min read

Cabinet okays continuing Atal Pension Yojana till 2030-31

Cabinet approves continuation of Atal Pension Yojana till FY 2030-31 with govt funding support for outreach & sustainability. Over 8.66 crore enrolled.

"The scheme will continue up to 2030-31 with Government support for Promotional and Developmental activities - Finance Ministry"

New Delhi, Jan 21

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana up to the financial year 2030-31 along with extension of funding support for promotional and developmental activities and gap funding.

"The scheme will continue up to 2030-31 with Government support for Promotional and Developmental activities to expand outreach among unorganised workers, including awareness and capacity building. Gap funding to meet viability requirements and ensure sustainability of the scheme," according to a statement issued by the Finance Ministry

The APY scheme ensures old-age income security for millions of low-income and unorganised sector workers. It aims to enhance financial inclusion and supports India's transition to a pensioned society. The scheme also strengthens the vision of Viksit Bharat @2047 by providing sustainable social security, the statement said.

The APY scheme was launched on May 9, 2015, to provide old-age income security to workers in the unorganised sector. The scheme offers a guaranteed minimum pension of Rs 1,000 to Rs 5,000 per month, starting at age 60, based on contributions.

As of January 19, 2026, over 8.66 crore subscribers have been enrolled, making APY a cornerstone of India's inclusive social security framework.

Sustained government support is essential for continued awareness, capacity building, and bridging of viability gaps to ensure the scheme's sustainability, the statement explained.

According to APY data, around 70.44 per cent of the total enrolments in the scheme have been done by public-sector banks, 19.80 per cent by regional rural banks, 6.18 per cent by private sector banks, 0.37 per cent by payment banks, 0.62 per cent by small finance banks and 2.39 per cent by cooperative banks.

The government pension scheme achieved a growth of 24 per cent in gross enrolments at the end of FY 23-24 and is rapidly gaining popularity.

- IANS

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Reader Comments

P
Priya S
Over 8.66 crore subscribers is impressive! But I hope the awareness campaigns reach the actual grassroots - the daily wage labourers, domestic helps, and street vendors. Many in my colony are still unaware of how to enrol. The gap funding for viability is crucial for long-term success.
R
Rahul R
While the extension is welcome, the guaranteed pension amount of Rs 1,000-5,000 needs to be reviewed with inflation. What is sufficient today may not be in 2030 or when a 30-year-old subscriber turns 60. The scheme must have a built-in mechanism for periodic pension revision.
M
Meera T
It's heartening to see public sector banks leading the enrolments. They have the widest reach in rural areas. This scheme is a practical step towards 'Viksit Bharat'. Financial security in old age reduces the burden on families and brings dignity to our elders. 🙏
D
David E
Interesting to see the breakdown by bank type. The very low percentage from payment banks (0.37%) suggests a missed digital opportunity. With India's UPI revolution, simplifying enrolment and contributions through fintech apps could boost participation among younger unorganised workers.
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Anjali F
My maid enrolled in this last year after our society held a camp. She says it gives her peace of mind. The government's continued funding support for promotion is key. We need more such camps in housing societies and market associations to get everyone covered. Good decision!

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