Explanation:

The Khadi and Village Industries Commission (KVIC) has launched the unique Project Bamboo Oasis on Lands in Drought (BOLD) in Rajasthan. Hence statement 2 is correct. ? It will reduce desertification and provide livelihood and multi-disciplinary rural industry support. Hence statement 1 is correct. ? It will also act as a haven for sustainable development and food security. ? Under the project 5000 saplings of special bamboo species – BambusaTulda and BambusaPolymorpha from Assam – have been planted over 16 acres of vacant arid Gram Panchayat land of village Nichla Mandwa. ? KVIC has thus created a world record of planting the highest number of bamboo saplings on a single day at one location. ? It is the first of its kind exercise in India. It seeks to create bamboobased green patches in arid and semi-arid land zones. KVIC has judiciously chosen bamboo for developing green patches. ? Bamboos grow very fast and in about three years’ time, they could be harvested. ? Bamboos are also known for conserving water and reducing evaporation of water from the land surface, which is an important feature in arid and drought-prone regions. ? It has been launched as part of KVIC’s “Khadi Bamboo Festival” to celebrate 75 years of independence “Azadi ka Amrit Mahotsav”. ? KVIC is set to replicate the Project at Village Dholera in Ahmedabad district in Gujarat and Leh-Ladakh region by August this year. ? Khadi and Village Industries Commission (KVIC): ? It is a statutory body established under the Khadi and Village Industries Commission Act, 1956. ? It functions under the Ministry of Micro, Small, and Medium Enterprises.