Atal Pension Yojana (APY) Extended till FY 2030–31

Why in News?

The Union Cabinet approved the continuation of Atal Pension Yojana (APY) till Financial Year 2030–31.

Key Facts

• Launch: 9 May 2015 (Implemented from 1 June 2015)
• Administered by: Pension Fund Regulatory and Development Authority (PFRDA)
• Target Group: Unorganised sector workers
• Entry Age: 18–40 years
• Pension: ₹1,000–₹5,000 per month after 60 years
• Government Support: Promotional activities and gap funding extended till FY31

Current Status

• 8.66 crore+ subscribers (as of January 2026)
• Public Sector Banks account for 70.44% of enrolments
• Regional Rural Banks contribute 19.80%

UPSC Prelims Points

• APY is part of India's social security architecture.
• Operates under the National Pension System (NPS).
• Guaranteed pension backed by the Central Government.