Atal Pension Yojana gets Cabinet nod for extension upto 2031, ensures monthly pension for informal sector

The Union Cabinet has approved the continuation of the Atal Pension Yojana (APY) until 2030-31, ensuring assured monthly pensions for millions of low-income and unorganised sector workers. This extension includes continued government funding for outreach and gap funding, guaranteeing pensions of ₹1,000 to ₹5,000 per month from age 60 for those without formal retirement benefits.