Published in


In The Midst Of A Pandemic, The Government Will Invest In A Few Elderly Care Start-Ups

In the midst of pandemic, 400 applications were received within three weeks from the launch of a government initiative to support start-ups that develop products and services for the elderly.

Amid pandemic, govt to invest in select start-ups for elderly care | India  News,The Indian Express

Submitted by the Department of Social Justice secretary R Subrahmanyam, The Indian Express on Wednesday in a show on the SAGE portal, selected companies will be supporting government equity participation up to Rs 1.

The portal is designed to provide a single-stop access to older care products and services by credible startups, Thaawar Chand gehlot, Minister of Social Justice and Empowerment, launched on 5 June.

Innovation products and services will be used for the selection of start-ups across sectors such as healthcare, housing, healthcare, access to technology, financial, food and wealth management, and legal guidance.

Gehlot said that the number of elderly people in the country is constantly on the rise, so the elderly must be kept healthy, financially and physically active. The website is open until the 30th of June.

Social Justice and Empowerment Ministers Rattan Lal Kataria emphasised that a robust care ecosystem in India, particularly in the face of the pandemic needs to be established urgently.

A quantity of Rs 100 was assigned Subrahmanyam said that the programme was designed to involve young people and their innovative ideas for elderly care as proposed by the Committee of Empowered Start-ups. It will help to turn elderly programmes into a national movement rather than a government programme, he said.

In the current financial year, a Rs 25 crore allocation was made for the SAGE project. The state will facilitate the access of the elderly by means of these found start-ups, Subrahmanyam said.

The population of the elderly in India is on the rise, with an expected increase of around 7.5% by 2026 in 2001 to 12.5% by 2026 as a percentage of the population of the country, which is expected to outweigh 19.5% by 2050.




Breaking news and analysis on politics, business, world national news, entertainment more. on hindustanherald.com

Recommended from Medium

Are you voting for who you think you are?

Qatar’s foreign minister rules out normalisation with Israel

If Sturgeon is forced to resign, the SNP zealots will still try to shift the blame

Crime and the Criminal #1: Will Putin Be Indicted for War Crimes?

The Liberal Democrats and the 2019 election: what went wrong

Broken childhoods, small dreams

The Marxist Perspective of Migrant Crisis in India

Notations On Our World (Special Q-End Edition): On #Iran, @EarthHour & Other Thoughts….

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Editorial Staff

Editorial Staff

More from Medium

NZ vs US — back to the future

Kevin Durant down and out second quarter with an interesting injury! — CourtSideHeat

Rainbow Trout: Friend or Foe

Adding a Seat at the Table for a More Robust Future of Food