With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
1. It is a Public Limited Government Company.
2. It is a Non – Banking Financial Company.

Select the correct answer using the code given below.

The Indian Renewable Energy Development Agency (IREDA) is a Non-Banking Financial Institution under the administrative control of Ministry of New and Renewable Energy for providing term loans for renewable energy and energy efficiency projects. Statement 1 is correct: IREDA is a Public Limited Government Company established under the Companies Act, 1956.
Statement 2 is correct: IREDA is also registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI).