Explanation:

Prime Minister of India launched PM Surya Ghar Muft Bijli Yojana to provide free electricity to its beneficiaries.

• In this scheme, the central government will provide 300 units of free electricity per month to its beneficiaries by investing worth Rs 75,000 crores.

• The free electricity scheme was earlier announced by Finance Minister in interim budget speech.

• Target: It aims to light up 1 crore households.

• Under the scheme Urban Local Bodies and Panchayats shall be incentivised to promote rooftop solar systems in their jurisdictions. 

• The Central Government will guarantee no financial burden on the people by providing significant subsidies directly to their bank accounts and offering highly concessional bank loans.

Expected benefits

• Savings up to fifteen to eighteen thousand rupees annually for households from free solar electricity and selling the surplus to the distribution companies;

• Charging of electric vehicles;

• Entrepreneurship opportunities for a large number of vendors for supply and installation;

• Employment opportunities for the youth with technical skills in manufacturing, installation and maintenance.

Hence both statements are correct.