Overview
- The Union Cabinet, chaired by Prime Minister Narendra Modi, approved continuation of APY through FY2030-31 with government support for promotional and developmental activities such as awareness campaigns and capacity building.
- The government authorised ongoing gap funding to meet viability requirements and ensure long-term sustainability of the guaranteed-pension scheme.
- APY has enrolled over 8.66 crore subscribers as of January 19, 2026, underscoring its role in India’s social security architecture.
- Public-sector banks account for about 70.44% of total enrolments and regional rural banks 19.80%, with private, payment, small finance and cooperative banks covering the remainder.
- The scheme guarantees ₹1,000–₹5,000 per month from age 60 based on contributions and recorded 24% growth in gross enrolments at the end of FY2023-24.