Consider the following new initiatives of government of India:

1.         Project Sevak involves activities right from procurement to delivery of mid-day meal to school children. 2.         MGPSY regulated by PFRDA is a voluntary contribution based pension scheme aimed at retirement planning.

Which of the statements given above is/are correct?

Statement 1: It is incorrect. Under MEA's New Initiative by NRIs/PIOs, a Pilot Project Sevak is introduced for Access to Care for the Villages in India. It deals with Sanitation and Health, Education in Village communities through improved awareness and knowledge of Prevention/Management of Diseases and Health Promotion. Statement 2: It is incorrect. Ministry of Overseas Indian Affairs has introduced a Pension and Life Insurance fund scheme called Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) for the Overseas Indian workers having Emigration Check Required (ECR) passports. The objective of MGPSY is to encourage and enable the overseas Indian workers by giving government contribution to save for their Return and Resettlement (R&R), to save for their old age to obtain a Life Insurance cover against natural death during the period of coverage. The government contribution available under the MGPSY is for a period of five years or till the return of subscribed worker back to India, whichever is earlier. Whereas the New Pension Scheme (NPS) is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).