Consider the following statements regarding Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY): Which of the following statements is/are correct?
1. It is a Central Sector Scheme administered by the Department of Finance, Ministry of Finance.
2. The Life Insurance Corporation of India (LIC) is the Pension Fund Manager for the scheme and responsible for Pension pay out.
Select the correct answer:
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer: Option B
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