Explanation:

Krishi Vigyan Kendra (KVK) is an agricultural extension center in India. Usually associated with a local agricultural university, these centers serve as the ultimate link between the ICAR and farmers, and aim to apply agricultural research in a practical, localized setting.

• It is an integral part of the National Agricultural Research System (NARS).
• The first KVK was established in 1974 at Puducherry.
• The mandate of KVK is technology assessment and demonstration for its application and capacity development.
• KVKs also produce quality technological products (seed, planting material, bio-agents, livestock) and make it available to farmers.
• The KVK scheme is 100% financed by the Government of India and the KVKs are sanctioned to Agricultural Universities, ICAR institutes, related Government Departments and Non Government Organizations (NGOs) working in Agriculture.

Hence both statements are correct.