The Union Cabinet has approved the seamless continuation of the Atal Pension Yojana (APY) till FY2031, coupled with increased government funding for subscriber awareness campaigns, digital onboarding drives, and incentive matching contributions to broaden coverage beyond 75 lakh current subscribers toward a 5 crore target. This extension fortifies retirement security for unorganized sector workers, particularly MSME employees and gig economy participants earning under Rs 15,000 monthly, by guaranteeing assured pension returns of Rs 1,000-5,000 based on contribution slabs, while banks receive viability gap funding to minimize operational losses and boost enrollment in aspirational districts.
Atal Pension Yojana Extended to FY31 with Enhanced Promotional Funding
