CII Media Releases
Promoting Silver Economy; Universal Healthcare
Sep 17, 2020

Amid the COVID 19 pandemic, CII has organized the “Senior Care Knowledge Series, A Public Private Consortium for Health and Social Support Services in Senior Care”, – bringing together experts from the Government and Industry to help strategize the future demographics.

In his key note address  Mr. R. Subrahmanyam, Secretary, Ministry of Social Justice and Empowerment, Government of India, made some very pertinent points including Financial independence to the elderly;  Building livelihoods in the senior care spectrum (in urban & rural areas); online employment portal , Universal access to healthcare.

“We are hopeful to launch the national help line for senior citizens across the country from 1st January 2021”, said Secretary MSJE

By the year 2030, India will have about 24 Crores Senior Citizens and the country is on the verge of a major demographic transformation.
Public-private partnerships are increasingly advocated to alleviate deficiencies in the public health system as well as to reduce economic stress on those who seek services from an expensive, burgeoning and unregulated private health sector. On these line Ministry of Social Justice is looking to create a “Public Private Fund” to support major initiatives for the elderly care.

Mr Rajit Mehta Chairman, CII Taskforce on Senior Care and MD & CEO Antara Senior Living Ltd stressed on the need to create a safe, secure, and dignified system for our seniors.

Dr. Venkatesh Srinivasan, UNFPA highlighted the Issues of funding. The senior citizens welfare funds should be well utilized. This partnership should be seen to initiate certain pilots and start-up environment, the partnership should be to incubate within the realm of the government body or by the industry and the private sector.

A 5-year period should be though for these partnerships, so there is an initiation, implementation, assessment and sustainability time to look at.

17 September 2020

New Delhi 

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