Union Cabinet approved the continuation of Atal Pension Yojana

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana (APY) 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.