A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (b) 2 only
Explanation
Statement 1 is incorrect because NCGTC is a wholly owned company under the Department of Financial Services, Ministry of Finance, not the Ministry of Commerce and Industry. Statement 2 is correct as ECLGS provides 100% credit guarantee coverage to lenders rather than direct cash subsidies to borrowers.
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