Union Cabinet Extends Atal Pension Yojana Support Until 2030-31

The Union Cabinet, led by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) until the fiscal year 2030-31. The initiative includes extended funding to aid promotional efforts, enhance capacity building, and ensure the scheme's sustainability through gap funding. Launched in 2015, APY aims to secure old-age income for workers in the unorganized sector and further drives financial inclusion in India, supporting the nation's goal of establishing a pensioned society. The extension is crucial for maintaining awareness and bridging viability gaps.

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