With reference to the programme "NIDHI" which of the following statement(s) is/ are correct?

1. The programme of "NIDHI" was started for students to begin start ups.
2. Its aim is to financially support 20 students for start up in each year.

Select the correct answer from the codes given below. Codes:

A) 1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2020 (GS Paper I)