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Post at: Jul 15 2021

SAGE Initiative

WHY IN NEWS 

  • The Minister of Social Justice and Empowerment, Shri Thaawarchand Gehlot launched the SAGE initiative&SAGE portal on 4th June 2021.
  • The SAGE initiative – Senior Care Ageing Growth Engine initiative and SAGE portal is to help India’s elderly.

ABOUT THE SAGE PROJECT

  • It aims to identify, evaluate verify, and delivery products, services directly to the stakeholders (Elderly populations).
  • This project was formulated following the recommendations of empowered expert committee report on starts up for the elderly.
  • Ministry of Social Justice and Empowerment will be the facilitator.
  • An allocation of Rs. 25 crores have been made for the SAGE project in the current financial year i.e., 2021-22.
  • This project urges the elderly persons to come forward to take advantage of the services to be provided by the upcoming start-ups so that they can lead an active life with full of dignity in society.
  • An amount of Rs. 100 crore has been assigned for the promotion of the silver economy.

SAGE PORTAL

  1. The SAGE portal will be opened for applications from 5th June,2021 onwards.
  2. It will provide “one-stop-access” for elderly care products and services by credible start-ups.
  3. The startups will be selected on the basis of innovation in providing products and services across sectors ie health, care enters etc.
  4. An amount of up to Rs. 1 crore as one time equity will be granted to each selected start up.

WHAT WAS THE NEED OF SAGE INITIATIVE?

  • This scheme was required in the light of increasing population of elders.
  • As per a survey, share of elders with respect to total population in percentage term is expected to increase from 7.5% in 2001 to about 12.5% by 2026.
  • To help the elderly people or senior citizens is a clear manifestation of good-governance.

CONCLUSION

  • It is indeed a magnificent step to serve the senior citizen to show the sense of belongingness and stops them from feeling isolated and depressed.
  • Hence, this SAGE initiative will empower and energize them.

Amit Gupta
 


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