With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct? 1. It is a Public Limited Government Company. 2. It is a Non-Banking Financial Company. Select the correct answer using the code given below.

1. The Indian Renewable Energy Development Agency Limited (IREDA) was established in March 1987 as a Public Limited Government Company under the administrative control of the Ministry of New and Renewable Energy (MNRE), Government of India. Hence, Statement 1 is correct. 2. IREDA has been notified as a 'Public Financial Institution' under section 4 'A' of the Companies Act, 1956, and is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India. Hence, Statement 2 is correct. 3. Therefore, both statements are correct.