India, Jan. 21 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana (APY) up to FY2030–31, along with the extension of government funding support for promotional, developmental, and gap-funding activities.
Under the approved framework, the government will continue to provide support for awareness generation, capacity building, and outreach initiatives aimed at expanding APY coverage among unorganised sector workers. In addition, gap funding will be extended to meet viability requirements and ensure the long-term sustainability of the scheme.
The move is expected to strengthen old-age income security for millions of low-income workers, deepen financial inclus...