With reference to REC Limited consider following statements It is a Navratna NBFC focusing on Power ...........

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With reference to REC Limited, consider following statements

It is a Navratna NBFC focusing on Power Sector Financing and Development across India.
It is also the nodal agency for Government of India's flagship schemes in the Power sector like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Saubhagya etc.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Recently, the REC Limited has partnered with TajSATS (a joint venture of IHCL and SATS Ltd) to distribute specially-made nutritious meal packets for medical staff in Safdarjung Hospital, New Delhi. REC Limited is a central PSU under Ministry of Power and one of India’s largest power financiers. REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC focusing on Power Sector Financing and Development across India. It was established in 1969. It provides financial assistance across the power-sector value chain. Apart from this, REC is also the nodal agency for Govt. of India flagship schemes in the Power sector like Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Saubhagya, etc. Hence option 2nd is correct.