Consider the following statements about the MSME (Micro, Small and Medium Enterprises) sector:

1. U. K. Sinha Committee was created for the MSME sector.

2. As per the Micro, Small and Medium Enterprises Development (MSMED) Act, the Government has notified the procurement policy, wherein the PSUs/ Government Departments have to make 15% of their procurement from MSEs.

Which of the statements given above is/are correct?

Current Affairs Act

Options