ISB’s DLabs, RBI Innovation Hub, and Union Bank Launch ‘Build for Billions

Current Context: On 13th January 2024, DLabs at the Indian School of Business (ISB), in partnership with the Reserve Bank Innovation Hub (RBIH) and Union Bank of India, launched a startup accelerator program called 'Build for Billions’.

• This program is themed around financial inclusion for the informal economy.
• The informal economy includes gig workers, migrant workers, domestic workers, street vendors, carpenters, plumbers, electricians, and construction laborers.
• These workers face challenges such as low and volatile income, irregular income streams, limited access to credit and savings, and a lack of social security nets.
• ‘Build for Billions’ aims to support visionary fintech startups dedicated to addressing these issues.
• The 50-day equity-free accelerator offers comprehensive support, including mentorship, capacity building, resources, networking opportunities, the chance to pitch to banks and investors, and a unique piloting opportunity with Union Bank.

Question:

Q.1 Who are the partners in the ‘Build for Billions’ startup accelerator program?
a. DLabs at the Indian School of Business (ISB), Reserve Bank Innovation Hub (RBIH), and Union Bank of India
b. DLabs at the Indian School of Business (ISB) and Reserve Bank Innovation Hub (RBIH)
c. DLabs at the Indian School of Business (ISB) and Union Bank of India
d. Reserve Bank Innovation Hub (RBIH) and Union Bank of India