Consider the following statements about KVIC(National Small Industries Corporation): 1) It is statutory body established under the Khadi and Village Industries Commission Act of 1956 2) KVIC works under Union Ministry of Micro, Small and Medium Enterprises with aim to plan, promote, facilitate, organise and assist in the establishment and development of khadi and village industries in the rural areas in coordination with other agencies engaged in rural development.                                                   Choose the correct option: