Consider the following statements regarding the recently established National Urban Cooperative Finance and Development Corporation (NUCFDC):
1. It is tasked with providing refinancing facilities to Urban Cooperative Banks (UCBs).
2. It is designated to operate as a self-regulatory organization for the urban cooperative banking sector.
Which of the above statements is/are correct?
1
1 Only
2
2 Only
3
Both 1 and 2
4
Neither 1 nor 2