Highlights:
- 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 address the services from health, housing, care centers, technology access linked to needs ranging from finances, food and wealth management to legal guidance.
- It is aimed at promoting private enterprises to bring out innovation in products to benefit elders.
SAGE Portal: https://sage.dosje.gov.in/
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| Senior care Ageing Growth Engine (SAGE) Portal https://sage.dosje.gov.in/index.php |
Transparency:
- In order to provide a transparent mechanism for selecting the start-ups, a dedicated portal has been designed.
- All proposals will be uploaded and selection will be based on blind review by an independent screening committee of experts.
Support:
- The Inter Ministerial committee for the SCWF has considered funding of about Rs. 100 Cr as equity support to the selected start-ups @ maximum Rs. 1 Cr per Startup.
- For the current year, Rs. 20 Cr is made available.
- In the next five years, about 100 such innovative start-ups will be funded under the project.
