The Cabinet’s extension of Atal Pension Yojana highlights its role in securing unorganised workforce, with strong enrolment and women’s participation. However, inflation risks, low awareness, and irregular contributions persist. Reforms like inflation-indexing, financial literacy, and auto-enrolment are vital to make APY a durable pillar of social justice.
Click to View MoreIndia’s pension system is evolving from a limited government-backed entitlement framework to a broader, contributory, and market-linked architecture. While schemes like NPS, APY, PM-SYM and digital reforms have widened access and increased assets to over ₹16 lakh crore, coverage remains uneven—especially for informal workers, who form the majority of the labour force. Key challenges persist in pension adequacy, fiscal sustainability, and public awareness. Strengthening inclusion, improving returns, and building trust are central to shaping a more secure retirement landscape for India’s ageing population.
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