Explanation:

Union finance minister Nirmala Sitharaman announced in her Budget speech on Tuesday that BharatNet broadband will be ready by 2025. 

• The government's ambitious BharatNet plan seeks to bring broadband to 361,000 villages across 16 states. 
• It was cleared by the Union Cabinet in July last year. Under BharatNet, the telecom ministry has signed Memorandums of Understanding (MoUs) with seven states - Gujarat, Chhattisgarh, Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, and Jharkhand.
• These states will roll out the project on their own with partial funding from the Centre.

Hence both statements are correct.