Union Minister of Social Justice and Empowerment, Thaawar chand Gehlot, will launch Senior care Ageing Growth Engine or SAGE project on 4th June 2021.
- SAGE: Senior Care Ageing Growth Engine Project will be launched to select, support and create “one-stop access” of elderly care products and services provided by credible start-ups.
- This Project was formulated following the recommendations of empowered expert committee report on start-ups for elderly.
- Once the project is launched, start-ups can apply to be a part of it through dedicated portal. This dedicated portal will also be launched along with the scheme.
How start-ups will be selected?
The Start-ups will be selected based on their innovative products and services, which they can provide across sectors like housing, health and care centres. They will also be selected based on technological access linked to finances, food & wealth management besides legal guidance.
Who will facilitate the scheme?
Union Ministry of Social Justice and Empowerment will be the facilitator to enable elderly to access products through these identified and verified start-ups.
What was the need of this scheme?
SAGE scheme was required in the light of increasing share of elders. As per a survey, share of elders with respect to total population in percentage term is expected to increase from 7.5% in the year 2001 to about 12.5% by 2026.