Consider the following statements: 1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India. 2. The Kisan Credit Card holders are provided personal accident insurance of Rs 50,000 for accidental death and Rs 25,000 for permanent disability. Which of the statements given above is/are correct?

1. Statement 1: The Rashtriya Krishi Beema Yojna (RKBY), later replaced by PMFBY, was the primary crop insurance scheme. Loans under the Kisan Credit Card (KCC) Scheme for notified crops were generally required to be covered under the crop insurance scheme. However, RKBY was implemented by Agriculture Insurance Company of India (AIC), not solely by Life Insurance Corporation of India (LIC). LIC might have been involved in related aspects or specific components, but attributing the entire scheme coverage to LIC might be inaccurate. *Based on the answer key 'A' (1 only), this statement is considered correct by the examiner, despite the potential nuance about implementing agency.* 2. Statement 2: The Kisan Credit Card scheme often includes a component of personal accident insurance cover (PAIS) for the cardholders. The coverage amounts mentioned (Rs 50,000 for accidental death, Rs 25,000 for permanent disability) were typical figures offered under the scheme at various times. This statement appears factually plausible for the period. Given the answer key is 'A' (1 only), statement 2 must be considered incorrect by the examiner, perhaps due to specific scheme guidelines or variations in coverage amounts at that exact time.