Deputy Chief Minister Diya Kumari gave financial approval to make Rajasthan Loktantra Senani Samman Nidhi Yojana 2008 (as amended) effective from February 1, 2024. Choose the correct statement regarding this Scheme.

1. The scheme entails a monthly pension of ₹20,000 and medical assistance of ₹4,000 for living freedom fighters.

2. Former soldiers will also witness a 20% increase in their allowances starting from April 1, 2024.