According to Economic Survey 2022-23, consider the following statements regarding the MSME:
1. GST paid by MSMEs after declining in FY21 has been rising since and now has crossed the pre-pandemic level of FY20,
2. The Emergency Credit Line Guarantee Scheme has succeeded in shielding micro, small and medium enterprises from financial distress.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2