Social Justice and Empowerment Minister Thaawarchand Gehlot will launch today the Senior care Ageing Growth Engine, SAGE project to select, support and create a one-stop access of elderly care products and services by credible start-ups.
The SAGE project is shaped on the recommendations of the empowered expert committee report on start-ups for elderly. Start-ups can apply for being a part of SAGE through a dedicated portal, which will be also launched today. 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 centres, apart from technological access linked to finances, food and wealth management and legal guidance.
The Ministry of Social Justice and Empowerment will act as a facilitator, enabling the elderly to access the products through these identified 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 per cent in 2001 to almost 12.5 per cent by 2026.