Silver Economy

Promoting Silver Economy

Promoting Silver Economy is designed to foster entrepreneurship and innovation in the elderly care sector by providing financial support to start-ups focused on elderly care. The National Institute of Social Defence (NISD) offers equity funding of up to 49% to eligible start-ups, with a financial outlay of ₹20 Crore for FY 2021-22, expected to benefit approximately 2 lakh senior citizens.

Central Financial support for start-ups

Ministry / nodal: Ministry of Social Justice and Empowerment

Department: Department of Social Justice and Empowerment

Nodal department: Department of Social Justice and Empowerment

Scheme for: Both

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Senior Citizens

Tags: Promoting, Silver, Economy

Details

Why this scheme

To support innovative start-ups for elderly care.

Overview

A scheme aimed at fostering entrepreneurship and innovation in the elderly care sector.

Additional details

NISD will provide equity funding up to 49% to eligible start-ups.

Timeline & validity

Ongoing; specific deadlines not mentioned.

Benefits

  • Financial outlay of ₹20Crore for FY 2021-22, expected to benefit 2 lakh seniors

Financial outlay of ₹20 Crore for FY 2021-22, expected to benefit 2 lakh seniors.

Eligibility

Start-ups focused on elderly care.

Application Process

Online

Where to apply

Online: E-Anudaan Portal.

How to apply

Submit proposals through the designated portal.

Contact & grievance redressal

Helpline and email not specified in the document.

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status