Consider the following statements in the context of Deendayal Antyodaya Yojana -National Rural Livelihoods Mission:
1. It is a centrally sponsored program that aims at eliminating rural poverty through the promotion of multiple livelihoods for the rural poor households across the country.
2. The Union Cabinet has approved a special package worth Rs. 820 crore for Union Territories of Jammu and Kashmir and Ladakh for a period of five years till 2023-24.
Select the correct answer from the options given below.