Consider the following statements regarding the PM-Vidyalaxmi scheme:
 
1. The scheme provides financial support for higher education without requiring any collateral or guarantor for loans.
 
2. Only students securing admission in government-run institutions are eligible under this scheme.
 
Which of the statements given above is/are correct?

1
1 only
 
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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