Which of the following statements is/are correct about the ‘e-Kisan Upaj Nidhi’ initiative launched recently?

1. The initiative aims to reduce the security deposit charges at WDRA registered warehouses from 3% to 1% to encourage farmers, especially small farmers, to utilize these warehouses.

2. The ‘e-Kisan Upaj Nidhi’ is a payment gateway for farmers to directly receive subsidies from the government.

Select the correct answer using the below given code :