Cabinet extends Atal Pension Yojana till 2031 for unorganized workers
Business
The government just gave the green light to keep the Atal Pension Yojana (APY) running until 2030-31.
This scheme is all about helping low-income workers in the unorganized sector get a steady monthly pension, and the government will keep supporting outreach and awareness efforts to make sure more people know about it.
Why should you care?
If you're between 18 and 40, and meet the scheme's eligibility criteria, APY lets you save up for a guaranteed pension—anywhere from ₹1,000 to ₹5,000 per month once you hit 60.
Plus, if something happens to you, your spouse still gets the pension and your nominee receives what's left.
With over 8 crore people already signed up since 2015, this move aims to boost financial security for millions who need it most.