To provide 'one-stop access' to elderly care products and services, the union government has designed the 'Senior care Ageing Growth Engine' (SAGE) project.
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The Ministry of Social Justice and Empowerment (MoSJE) said that the SAGE is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.
The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.
The inter-ministerial committee for the Senior Citizen Welfare Fund (SCWF) has considered funding of about Rs 100 crore as equity support to the selected start-ups with a maximum of Rs one core per start-up.
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