'Senior care Ageing Growth Engine' (SAGE) project

There is a sharp rise in India’s elderly population and thrust is on creating an ecosystem that supports their needs more holistically.
There are 110 million elders in this country, who are above the age of 60.
As per the latest industry reports, 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, and surpass 19.5 percent by 2050.
Govt has created Senior Citizen Welfare Fund in 2016 to fund activities that would bring significant change in the lives of the elderly in India.
The Fund is expected to use Rs. 9,000 Cr of unclaimed deposits in the EPF and other public funds.

Objectives of SAGE

To focus on addressing the needs of India’s fast rising elderly population
To select, support and create a “one-stop access” of elderly care products and services
To encourage the selected “startups” based on the innovative products and services to address the services from health, housing, care centers, technology access linked to needs ranging from finances, food and wealth management to legal guidance.

SAGE Portal: In order to provide a transparent mechanism for selecting the start-ups, a dedicated portal has been designed.