RIL & DBS Bank India Collaborates to Promote CBG Plants Across India

Current Context: Reliance Industries Ltd (RIL) and DBS Bank India have indeed partnered to launch a financing program for Compressed Biogas (CBG) plants on 13th December 2023.

• The collaboration aims to facilitate the development of an ecosystem for vendor partners to aggregate agricultural residue as inputs for Reliance’s CBG production plants across India.
• The financing program is designed to make the CBG supply chain competitive and achieve enhanced commercial scale.
• This initiative is part of Reliance’s net-zero emissions roadmap and aims to incentivize and finance the agricultural residue supply chain, which has been largely unorganized and underutilized.
• RIL has planned to set up around 100 CBG plants over the next 5 years which would consume more than 5.5 million tonnes per annum of agricultural residue and organic waste, leading to a projected reduction of nearly 2 million tonnes of carbon dioxide emissions annually.

Question:

Q.1 What is the main aim of the collaboration between RIL and DBS Bank India?
a. To launch a new bank
b. To facilitate the development of an ecosystem for vendor partners to aggregate agricultural residue as inputs for Reliance’s CBG production plants across India
c. To start a new cricket league
d. To launch a new smartphone