Which of the following initiatives has been specifically launched by SEBI to enhance financial inclusion and literacy among rural and semi-urban retail investors by providing a unified digital platform for grievance redressal and investor education?

The Securities and Exchange Board of India (SEBI) launched these two initiatives to empower retail investors, particularly in rural and semi-urban areas. SEBI's Saa₹thi app and the revamped SCORES 2.0 platform are critical pillars of SEBI’s inclusion strategy.

• SCORES 2.0: An upgraded version of the SEBI Complaints Redress System, this digital platform features automated routing of complaints and time-bound resolution to enhance the efficiency of grievance redressal.
• Saa₹thi App: A mobile application designed to provide investor education and awareness about the securities market, including basic concepts, KYC processes, and investment strategies. 

  While inclusion is often associated with banking (RBI), SEBI focuses on market-based inclusion by empowering retail investors with the knowledge of securities (Saa₹thi) and a robust, automated grievance redressal mechanism (SCORES).   Various other product innovations by SEBI that further the financial inclusion in respect of capital markets participation by retail investor, include: ·        ASBA Mechanism - Simplifies the IPO application process for retail investors, ensuring funds only leave the account upon allotment. the linakage with UPI for IPO investment up to Rs.5 lakh also eased retail investor participation ·        SME Listing - NSE Emerge / BSE SME platforms promote inclusion of smaller firms in capital markets. ·        BRSR Core - Business Responsibility and Sustainability Reporting requires top 1,000 listed firms to disclose inclusion efforts. ·        Fractional Ownership - SEBI (REIT) Amendment Regulations allow retail investors to participate in high-value real estate.