OLD AGE HOME
[EIRI/EDPR/0426] (J.C.:8008)
What is the relevance of Old Age Homes in India?
Many factors have contributed to the alienation of the elders.
* Migration of young couples from the rural areas to cities in search of better employment opportunities to fend for themselves.
* Elders who have been in control of the household for a long time are unwilling to give up the responsiblity to their children.
* Youngsters on their part are sometimes resentful of the attitude of their parents.
* Many youngsters have moved to places far away from their native homes and in the recent past to many countries abroad. So even if they want to they cannot accomodate their parents in their own homes.
* Elders are sometimes too incapaciated or unwell to look after themselves or get medical care especially in an emergency.
All these have made the old age homes seem more relevant in the Indian context than ever before.
What are the types of Old Age Homes in India?
There are two types of Old Age Homes in India. One is the "Free" type which cares for the destitute old people who have no one else to care for them. They are given shelter, food, clothing and medical care.
The second type is the "Paid" home where care is provided for a fee. Nowadays, such "Retirement" homes have become very popular in India and they are well worth considering.
COST ESTIMATION
Plant Capacity 38 Members
Land & Building (1150 Sq.Mt ) Rs. 63.12 Lacs
Plant & Machinery Rs. 2.13 Lacs
Working Capital for 1 Month Rs. 1.39 Lacs
Total Capital Investment Rs. 81.14 Lacs
Rate of Return 18%
Break Even Point 47%
CONTENTS
INTRODUCTION
RESIDENTIAL CONSTRUCTION
MARKET SURVEY
OLD AGE HOMES
DESIGN OF BUILDING
OLD AGE HOMES COME OF AGE
POLICIES THAT FACILITATE THE ELDERLY
NATIONAL POLICY ON OLDER PERSONS
OLD AGE AND INCOME SECURITY
REVISION OF THE SCHEMES OF THE MINISTRY
STRATEGY
PRIVILEGES AND BENEFITS
OLD AGE AND WIDOW PENSION IN MAHARASHTRA
WIDOW PENSION IN KARNATAKA
ANNAPURNA
LAY OUT PLANT FOR OLD AGE HOME
FLOW DIAGRAM
UTILITIES AND MAINTENANCE
FOR CENTRALISED WATER HEATING THROUGH SOLAR ENERGY
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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