Explanation:

Skill Acquisition and Knowledge Awareness for Livelihood Promotion (“SANKALP”) is a programme of the Ministry of Skill Development with loan assistance from the World Bank.

• SANKALP is funded through three major parts: World Bank loan assistance, States’ contribution and Industry contribution.
• It aims to improve short term skill training qualitatively and quantitatively through strengthening institutions, bring in better market connectivity and inclusion of marginalised sections of the society. SANKALP was launched on 19th January 2018 and has a tenure till March 2023.

SANKALP has four key result areas

• (i) Institutional Strengthening at Central, State & District level 
• (ii) Quality Assurance of skill development programmes
• (iii) Inclusion of marginalized population in skill development programmes
• (iv) Expanding Skills through PPPs.

Hence both statements are correct.