Cabinet Approves Continuation of Atal Pension Yojana till 2030-31In January 2026, the Union Cabinet chaired by the Prime Minister (PM) Narendra Modi approved the continuation of Atal Pension Yojana (APY) up to Financial Year 2030-31 (FY31) along with extension of funding support for promotional and developmental activities and gap funding.
About Atal Pension Yojana (APY):
Purpose: The Government of India (GoI) launched the APY on 9th May 2015 to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. The Scheme is being implemented with effect from 1st June 2015.
Administration: The APY is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the overall administrative and institutional architecture of the National Pension System (NPS).
Age Criteria: The minimum age of joining APY is 18 years (Yrs) and maximum age is 40 Yrs.
Guaranteed Pension Amount: Each subscriber under APY shall receive a Central Government guaranteed minimum pension ranging from Rs. 1000 per month to Rs. 5000 per month, after the age of 60 years until death.
Progress: As of 19th January, 2026, APY has enrolled more than 8.66 crore (Cr) subscribers, emerging as a key pillar of India’s inclusive social security system.

• PSBs have dominated enrolments, accounting for approximately 70.44% of total subscriptions, whilst RRBs contributed 19.80%.

Implementation Strategy: The scheme will continue up to FY31 with Government support for:

• Promotional and developmental activities to expand outreach among unorganised workers, including awareness creation and capacity building.
• Gap funding to meet viability requirements and ensure the sustainability of the scheme.