Cabinet approves continuation of Atal Pension Yojana (APY) and extension of funding support for promotional and developmental activities and gap funding till 2030-31

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....abinet approves continuation of Atal Pension Yojana (APY) and extension of funding support for promotional and developmental activities and gap funding till 2030-31<BR>News and Press Release<BR>Dated:- 21-1-2026<BR><BR>The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today approved the continuation of Atal Pension Yojana (APY) up to FY 2030-31 along with extension of funding su....

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....pport for promotional and developmental activities and gap funding. Implementation Strategy: The scheme will continue up to 2030-31 with Government support for: I. Promotional and Developmental activities to expand outreach among unorganised workers including awareness, capacity building. II. Gap funding to meet viability requirements and ensure sustainability of the scheme. Major Impact: ....

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.... * Ensures old-age income security for millions of low-income and unorganised sector workers. * Enhances financial inclusion and supports India's transition to a pensioned society. * Strengthens the vision of Viksit Bharat @2047 by providing sustainable social security. Background: * Launch: APY was launched on 9th May, 2015 with the objective of providing old-age income security to workers....

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.... in the unorganised sector. * Scheme Features: APY offers a guaranteed minimum pension of Rs.1,000 to Rs.5,000 per month starting at age 60, based on contributions. * Progress: As of 19th January, 2026, over 8.66 crore subscribers have been enrolled, making APY a cornerstone of India's inclusive social security framework. * Need for Extension: Sustained government support is essential for co....

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....ntinued awareness, capacity building, and bridging of viability gaps to ensure the scheme's sustainability.<BR> News - Press release - PIB....