The following statements relate to Mudra Yojana :
Statement I : Mudra is an NBFC supporting development scheme of micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirement up to Rs 10 lakh.
Statement II : Mudra has created different products/schemes for refinancing loans. These interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.
Which of the following options is correct ?