The Minister of Social Justice and Empowerment, Shri Thaawarchand Gehlot virtually launched the SAGE (Senior care Aging Growth Engine) initiative and SAGE portal for elderly persons on June 4, 2021.
SAGE programme and SAGE portal have been launched with a view to help such persons who are interested in entrepreneurship in the field of providing services for elderly care.
- The SAGE portal seeks to select, support and create “one-stop access” of elderly care products and services provided by credible start-ups.
- The Project was formulated following the recommendations of empowered expert committee report on start-ups for elderly.
- The SAGE portal is now opened for applications from 5th June, 2021 onwards.
- Start-ups can apply to be a part of it through dedicated portal.
Selection of Start-ups:
- The start-ups will be selected on the basis of innovative products and services, which they should be able to provide across sectors such as health, housing, care centers.
- Their selection will also be based on technological access linked to finances, food and wealth management, and legal guidance.
Facilitator of the Scheme:
- Ministry of Social Justice and Empowerment will be the facilitator to enable elderly to access products through these identified and verified start-ups.
- As per surveys, the share of elders, as a percentage of the total population in the country is expected to increase from around 7.5 percent in 2001 to almost 12.5 percent by 2026.