Senior Citizen Corporation
Introduction:
As per Article 41 of the Directive Principles of State Policy in Part IV of the Indian Constitution, the state is directed to protect and promote the economic welfare of its citizens, with special emphasis on the weaker sections. It is also the state’s duty to provide social security to senior citizens in old age, unemployment, sickness, and disability. Therefore, following the approval given in the cabinet meeting on August 25, 2024, the decision to establish the Senior Citizens Corporation was made as per the Government Resolution dated September 12, 2024.
Objectives:
- To plan economically for senior citizens.
- To take care of the health of senior citizens.
- To enable senior citizens to cope with stress and tension.
- To ensure that senior citizens can spend their old age comfortably, live a dignified life in society, maintain good physical and mental health, and be financially secure in old age.
Services and Facilities:
- Providing medical assistance.
- Protection from harassment and abuse.
- Assistance in ensuring safety and protection of life and property.
- Shelter and accident insurance protection.
Capital and Financial Support:
- The corporation’s share capital will be ₹50 crores.
- The corporation will establish a Senior Citizens Welfare Fund.