Green Credit Scheme

Consider the following statements with reference to the “Green Credit Scheme”:

  1. The scheme allows agencies like private companies, village forest communities to identify lands for forest cultivation and ensures plantations are carried out.
  2. After 2 years, these identified lands would be considered as compensatory forest land after meeting forest department’s criteria.

Which of the above statements is/are correct?

A
Only 1
B
Both1 and 2
C
Only 2
D
Neither 1 nor 2