Kerala Pioneers India's First 'Elderly Budget' Amidst Rising Senior Population

• Kerala has become the first Indian state to present an 'Elderly Budget', tabled by Finance Minister K N Balagopal.
• Senior citizens currently comprise 18.7% of Kerala's population, projected to reach nearly 25% in ten years.
• The budget allocates Rs 30 crore for setting up retirement homes with community kitchens, healthcare, and entertainment facilities.
• Rs 10 crore is earmarked for local volunteer forces and a helpline to assist elderly people living alone.
• The initiative addresses the state's significant demographic shift, focusing on geriatric care and the 'care economy' for seniors.

Why It Matters: Kerala leads with India's first 'Elderly Budget' to address its rapidly aging population and geriatric care needs.