Khadi And Village Industries Commission

Consider the following statements:

  1. The Khadi and Village Industries Commission (KVIC) is a statutory body formed by the Government of India, under the Act of Parliament - Khadi and Village Industries Commission Act of 1956.
  2. The KVIC is authorized to establish and maintain separate organisations for the purpose of carrying out any or all of the above matters besides carrying out any other matters incidental to its activities.

Which of the statement(s) given above is/are correct?

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2