♦ The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the continuation of Atal Pension Yojana (APY) up to FY 2030-31 along with extension of funding support for promotional and developmental activities and gap funding. The purpose of the scheme is to ensure old-age income security for millions of low-income and unorganized-sector workers, enhance financial inclusion, and support India’s transition to a pensioned society.

♦ APY was launched on 9th May, 2015 with the objective of providing old-age income security to workers in the unorganised sector.

♦ APY offers a guaranteed minimum pension of Rs.1,000 to Rs.5,000 per month starting at age 60, based on contributions.

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