With reference to the Scheme for residential education for students in High school in Targeted Areas (SHRESHTA), consider the following statements:
1. Students belonging to marginalized income group within the SC community, whose parental annual income is upto Rs.25 Lakh are eligible.
2. The students, belonging to Scheduled Castes, studying in class 8th and 10th in the current academic year are eligible for availing the benefits of scheme are selected through a transparent mechanism through a National Entrance Test for SHRESHTA (NETS).
Which of the statements given above is/are correct?