Consider the following statements about the Setu Bandhan scheme:

1. The scheme provides collateral-free loans up to Rs 2 crore to MSMEs.

2. The scheme was announced in the 2021-22 budget by Nirmala Sitharaman.

Which of the following statements is/are correct? 

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

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