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With reference to the 'Senior care Ageing Growth Engine' (SAGE) project, consider the following statements:
1. It is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.
2. The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Senior care Ageing Growth Engine (SAGE) project,...
To provide 'one-stop access' to elderly care products and services, the union government has designed the 'Senior care Ageing Growth Engine' (SAGE) project.
  • 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.
  • Hence both statements are correct.
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With reference to the Senior care Ageing Growth Engine (SAGE) project, consider the following statements:1. It is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.2. The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Senior care Ageing Growth Engine (SAGE) project, consider the following statements:1. It is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.2. The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Senior care Ageing Growth Engine (SAGE) project, consider the following statements:1. It is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.2. The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Senior care Ageing Growth Engine (SAGE) project, consider the following statements:1. It is aimed at promoting private enterprises to bring out innovation in products to benefit the elderly.2. The project is based on the recommendations of the Empowered Expert Committee (EEC) report on start-ups for the elderly.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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