With reference to the RSETIs (Rural Self Employment Training Institutes), consider the following statements:
1. It is a three-way partnership between the Ministry of Rural Development (MoRD), GoI, State Governments and Sponsor Banks.
2. The Banks are mandated to open at least one RSETI in their lead district to provide training to rural youth to take up self-employment/ entrepreneurship ventures.
Which of the statements given above is/are correct?