Union Cabinet Approves Continuation of Atal Pension Yojana till 2030-31
The Union Cabinet chaired by Prime Minister Narendra Modi approved the continuation of Atal Pension Yojana (APY) up to Financial Year 2030-31. This includes extension of funding support for promotional and developmental activities along with gap funding. APY aims to provide assured pension benefits to subscribers from the unorganized sector. The scheme targets low-income workers to ensure social security. The decision enhances long-term financial inclusion efforts.
Try the question
Which authority approved the extension of Atal Pension Yojana till FY 2030-31?
Answer: (b) Union Cabinet
The correct answer is (b) Union Cabinet.