Explanation:

Recently, the Ministry of Youth Affairs & Sports and United Nations Children's Fund (UNICEF) had signed a 'Statement of Intent' to establish Generation Unlimited in India (YuWaah).

• The objectives of YuWaah is to provide career guidance support to young people through career portal as well as through job-readiness and self-exploration sessions to make young people career-ready. 
• Supporting young people by providing entrepreneurship classes with successful entrepreneurs and experts.
• Creating linkages with aspirational economic opportunities to connect young people with jobs or self-employment. For this, innovative solutions and technology platforms will be engaged to maximize the scale and reach.
• Upskilling young people on 21st century skills, life skills, digital skills and supporting them through self-learning, for their productive lives and the future of work.
• Generation Unlimited (GenU) was founded in September 2018, GenU aims to transform education, employment and entrepreneurial outcomes for young people around the world at a global and local level, by joining together partners from business and governments with the reach and network of the United Nations (UN).
• It was launched by UNICEF at the 73rd session of the UN General Assembly.

Hence both statements are correct.